Public power utilities are jumping into the B2B act too — morethan 225 community-owned electric utilities have committed up to$1.2 billion in purchasing power to UtilityFrontier.com, a nationalexchange launched earlier this year. The utilities will use the B2Bas a purchasing exchange to serve more than 6.7 million electricmeters — about one third of all public power customers.
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Articles from Jumping
Producers Accused of Rushing to Judge El Paso
Producers are jumping the gun by asking FERC to step in and decide the “merits” of a controversial complaint that seeks to overhaul the capacity-allocation and scheduling procedures on El Paso Natural Gas, contend East-of-California (EOC) shippers on El Paso.
Sentry Buys in Mackenzie Delta, Beaufort Sea
Canada’s Sentry Resources Corp., jumping in with the big fish ina potentially rich sea, last Friday completed a transaction givingit 100% of Georgian Bancorp Inc.’s interest in gas and oil reservesand land rights in the Mackenzie Delta and Beaufort Sea areas ofCanada.
Down One Day, Up Another; July Jumps Back 18.8 Cents
Bungy jumping, yo-yoing and roller coaster riding are allactivities that have very much in common with what has been goingon in the gas pit at the New York Mercantile Exchange this week.Many observers expect more of the same until near-month futureseither take out support at $3.80 or bust through resistance at$4.55, “a nice friendly little trading range.”
Utilities Becoming Popular Stocks
Utility stocks have been heating up in recent weeks, and MerrillLynch is jumping on the bandwagon with a proposal to invest up to$1 billion in a new trading vehicle, Utilities HOLDRS (UTH), a”superstock” made up of the stocks of 20 utility companies.
Utilities Becoming Popular Stocks to Own
Utility stocks have been heating up in recent weeks, and MerrillLynch is jumping on the bandwagon with a proposal to invest up to$1 billion in a new trading vehicle, Utilities Holdrs (UTH), madeup of the stocks of 20 utility companies.
TransCanada/Sears Retail Deal Part of Market Turn-Around
After holding back for 14 years, TransCanada PipeLines Ltd. isjumping into door-to-door retail sales competition – and on a scaleto match its stature as the nation’s biggest natural gastransporter and trader. TransCanada announced last week it isteaming up with department store retailer Sears Canada to make astart on a national campaign by initially selling gas toresidential consumers in Ottawa. The move by wholly-ownedsubsidiary TransCanada Energy out-classed on-going retailoperations such as Suncor Inc.’s Sunoco service station chain inOntario or pioneering efforts in central Canada by Direct EnergyMarketing of Calgary.
Enron to Build Gas-Fired Power in CA
Enron Corp. is jumping into the California electric power marketwith a plan to develop a 500-MW gas-fired, merchant power plant inPittsburg, CA. Although the figures are not their analysis, EnronCapital and Trade Resources officials said the state needs some6,000 MW of new generating capacity by 2002.