Looking

An eleventh-and-a-half-hour attempt to enact state legislation to rescue Southern California Edison Co. from the jaws of bankruptcy seemed headed for failure at mid-afternoon Friday when the California lawmakers were attempting their rush toward adjournment for the year by midnight.

Looking to establish a foothold in the PJM market, NRG Energy last Monday announced that it has acquired 1,081 MW of baseload electric generating plants from Delmarva Power and Light, a subsidiary of Conectiv. As part of the agreement, NRG entered into both short- and long-term purchase power contracts with Delmarva Power to provide energy and capacity for the Delmarva Peninsula.

Looking to establish a foothold in the PJM market, NRG Energy yesterday announced that it has acquired 1,081 MW of baseload electric generating plants from Delmarva Power and Light, a subsidiary of Conectiv. As part of the agreement, NRG entered into both short- and long-term purchase power contracts with Delmarva Power to provide energy and capacity for the Delmarva Peninsula.

Nine months after it began looking for a buyer, Canadian 88 Energy Corp. has taken itself off the selling block, announcing last Tuesday that financial and operating results have improved enough to succeed independently as a mid-sized natural gas producer. Company officials also acknowledged that in their opinion, potential buyers weren’t prepared to pay enough for the Calgary-based company’s increased gas production potential.

Nine months after it began looking for a buyer, Canadian 88 Energy Corp. has taken itself off the selling block, announcing Tuesday that financial and operating results have improved enough to succeed independently as a mid-sized natural gas producer. Company officials also acknowledged that in their opinion, potential buyers weren’t prepared to pay enough for the Calgary-based company’s increased gas production potential.

After looking at what Conoco CEO Archie Dunham said were more than 80 properties in the last two years, the fourth largest major announced last week that it would buy Gulf Canada Resources Ltd. in a cash deal worth $4.3 billion (C$6.7 billion). The deal would push Conoco’s worldwide reserves almost 40% to 3.7 Bboe, adding Gulf Canada’s assets in North America, Indonesia, the Netherlands and Ecuador.

After looking at what Conoco CEO Archie Dunham said were more than 80 properties in the last two years, the fourth largest major announced Tuesday it would buy Gulf Canada Resources Ltd. in a cash deal worth $4.3 billion (C$6.7 billion). The deal would push Conoco’s worldwide reserves almost 40% to 3.7 Bboe, adding Gulf Canada’s assets in North America, Indonesia, the Netherlands and Ecuador.

Looking to enhance its ability to ensure competitive and efficient wholesale electric power markets in the New England region, ISO New England Inc. last Wednesday unveiled a series of actions that the ISO said will allow it to more effectively identify and deter market-detrimental behavior such as attempts to manipulate wholesale markets and drive up electricity prices.

Looking to enhance its ability to ensure competitive and efficient wholesale electric power markets in the New England region, ISO New England Inc. yesterday unveiled a series of actions that the ISO said will allow it to more effectively identify and deter market-detrimental behavior such as attempts to manipulate wholesale markets and drive up electricity prices.