Marketplace

Dominion, which already had some trading appetizers on the table, is taking a bigger bite of the dotcom marketplace, announcing last week that its Dominion Energy Clearinghouse will offer a one-stop shop customized for its wholesale customers to price and buy energy commodities.

Dominion, which already had some trading appetizers on thetable, is taking a bigger bite of the dotcom marketplace,announcing yesterday that its Dominion Energy Clearinghouse willoffer a one-stop shop customized for its wholesale customers toprice and buy energy commodities.

IntercontinentalExchange deemed the first week of business for itsB2B electronic over-the-counter precious metals marketplace a success,with “no hours of down time” and “growth in both volume andcustomers.” The online scalable trading system called “The ICE,”traded precious metals spot, forwards and options within its firstweek of service (see Daily GPI, Aug. 25).

SCANA Corp. and Enermetrix.com have jointly announced SCANAOnline Energy, a gas and electricity auction marketplace designedfor use by business and industrial customers.

A new bi-partisan bill was introduced Tuesday to address climatechange issues using “American ingenuity in the marketplace todevelop new technology that can be exported and deployed around theworld.” Chief sponsor, Chairman Frank H. Murkowski of the SenateEnergy Committee, said the Energy and Climate Policy Act of 1999would chart a different course than the Kyoto Protocol. “Our billrepresents a long-term, technology-based, alternative to Kyoto.Even if the U.S. succeeded in limiting its own emissions, “we areunlikely to compel China to submit to mandated emissions limits.But they want to buy our technology, so let’s play our stronghand.”

Vastar Resources had a far better year in the field than it didin the commodity marketplace, reporting first-quarter 1999 netincome of $19 million, down from $48 million during the firstquarter of 1998. However, Vastar achieved a 24% increase inproduction and continued exploratory success, and is predictingbetter times ahead.

Vastar Resources had a far better year in the field than it didin the commodity marketplace, reporting first-quarter 1999 netincome of $19 million, down from $48 million during the firstquarter of 1998. However, Vastar achieved a 24% increase inproduction and continued exploratory success, and is predictingbetter times ahead.

Texas moved a step closer to a restructured electricitymarketplace last week when the state Senate approved a bill toderegulate electric utilities. The bill is now bound for the StateAffairs Committee of the House of Representatives. Hearings couldbe held as early as March 29. Gov. George W. Bush has voiced hissupport for electric deregulation.

Texas moved a step closer to a restructured electricitymarketplace Wednesday when the state Senate approved a bill toderegulate electric utilities. The bill is now bound for the StateAffairs Committee of the House of Representatives. Hearings couldbe held as early as March 29. Gov. George W. Bush has voiced hissupport for electric deregulation.