Light

Fresh from a deal annexing its first natural gas assets, Carolina Power & Light Co. (CP&L) plans to grow considerably by acquiring Florida Progress Corp., parent of Florida Power, for $5.3 billion.

Kansas City Power & Light and Western Resources successfully reached an agreement with the FERC settling all merger-related issues, Western Resources said last week. The company also said the agreement forged between the merging parties and the Missouri Public Service Commission staff is currently being reviewed by the Missouri commissioners. Only the Kansas Corporation Commission (KCC) approval stands in the way of the merger’s completion, the company said.

Carolina Power & Light Co. (CP&L) would bulk upconsiderably with its planned acquisition, announced yesterday, ofFlorida Progress Corp., parent of Florida Power, for $5.3 billion.The combined company would be worth about $17 billion and serve 2.7million customers, nearly 200,000 of them gas. It also would be thenation’s ninth-largest energy utility based on generating capacityof more than 18,500 megawatts.

Kansas City Power & Light and Western Resources successfullyreached an agreement with the FERC settling all merger-relatedissues, Western Resources said yesterday. The company also said theagreement forged between the merging parties and the MissouriPublic Service Commission staff is currently being reviewed by theMissouri commissioners. Only the Kansas Corporation Commission(KCC) approval stands in the way of the merger’s completion, thecompany said.

The 16 gas suppliers vying for Georgia customers had theirmoment of truth earlier this month, as Atlanta Gas Light (AGL)determined their market share and presented the results to theGeorgia Public Service Commission (GPSC). As expected, GeorgiaNatural Gas Services, an AGL affiliate, and Scana Energy Marketinggained the most customers, receiving over 60% of the market betweenthem.

The 16 gas suppliers vying for Georgia customers had theirmoment of truth last Friday, as Atlanta Gas Light (AGL) determinedtheir market share and presented the results to the Georgia PublicService Commission (GPSC). As expected, Georgia Natural GasServices, an AGL affiliate, and Scana Energy Marketing gained themost customers, receiving over 60% of the market between them.

A change in the timing and location of North Carolina’s powergeneration needs has forced Carolina Power & Light (CP&L)and Southern Natural Gas Co. to put a hold on their PalmettoInterstate Pipeline and consider other pipeline alternatives. Thecompanies said last week they have suspended ongoing routeselection and survey activities for Palmetto and are analyzing twocompeting pipeline projects.

Western Resources last week threatened to cancel its proposedmerger with Kansas City Power & Light and sell off the companyto a national energy conglomerate following a decision by theKansas Corporation Commission (KCC) to reopen the docket on its $2billion merger.

A change in the timing and location of North Carolina’s powergeneration needs has forced Carolina Power & Light (CP&L)and Southern Natural Gas Co. to put a hold on their PalmettoInterstate Pipeline and consider other pipeline alternatives. Thecompanies said yesterday they have suspended ongoing routeselection and survey activities for Palmetto and are analyzing twocompeting pipeline projects.