Management

The Minerals Management Service (MMS) released results of astudy evaluating the role of the federal Outer Continental Shelf(OCS) in supplying future U.S. gas demand. Results were presentedat an industry symposium held in Houston yesterday.

Power shortages and price spikes within the PJM Power Pool areas likely this summer as barbecues and sunburns, according to aPennsylvania public interest group.

Coral Energy has entered into an energy alliance with TerraIndustries Inc., an international chemicals company, to increasethe energy efficiency of Terra’s Blytheville, AR, chemical facilityusing Coral Site Advantage, Coral’s proprietary measurement,benchmarking and energy modeling program. Terms of the arrangementwere not released.

Exelon Capital Partners, the energy services and marketing armof PECO Energy, and Orion Ltd., an international energy networkmanagement company, announced a partnership yesterday. The newcompany, called CIC Global, LLC, is an international technologycompany focused on providing real time energy and bill paymentinformation to residential and small commercial/industrialcustomers. CIC Global plans to reveal its products in Philadelphialater this year.

Vector Pipeline management was all smiles last week asconstruction on the pipeline kicked into high gear and one of itsmain competitors, CMS Gas Transmission & Storage Co.’s TriStatePipeline, halted efforts to pursue its application forconstruction. While TriState foundered, the Vector project, whichwould make 1 Bcf/d of transport available from western Canada toChicago, is on schedule to start service in October.

The Department of the Interior’s Minerals Management Service(MMS) announced a continuation of the Outer Continental Shelfroyalty-in-kind (RIK) pilot program last week and has doubled theamount of gas previously offered. Nearly 500 MMcf/d of productionwill go on sale this spring, the MMS said. Details for the sale arestill being finalized.

The Department of the Interior’s Mineral Management Service(MMS) announced a continuation of the Outer Continental Shelfportion of its royalty-in-kind (RIK) pilot program Tuesday and hasdoubled the amount of gas previously offered. The nearly 500 MMcf/dof production will go on sale this spring, the MMS said. Detailsfor the sale are still being finalized.

Polaroid Corp. of Cambridge, MA, and Enron Energy Servicessigned a 10-year outsource agreement for Enron to provide energymanagement services at Polaroid’s seven major U.S. facilities. Thedeal is worth more than $200 million. Enron will manage or supplyPolaroid’s energy commodity requirements including electricity, gasand fuel oil; design, build, operate and finance certain energyinfrastructure improvement projects; as well as provide alloperation and maintenance services at Polaroid’s three centralmanufacturing plants in Massachusetts: Waltham, New Bedford andNorwood. “Enron will drive energy savings for Polaroid by managingtheir commodity usage, investing capital to upgrade or replacePolaroid’s energy equipment and by providing best in classoperation and maintenance services,” said Lou Pai, Enron EnergyServices CEO. Enron will offer positions to the 20 Polaroidemployees in the company’s Operation and Maintenance team.

Houston-based Coral Energy launched coralconnect.com, ane-business Web site featuring e-commerce transactions, customizedcommodity price information, proprietary energy market analysis andother customer services.