Mega

Utility consolidation is likely to continue in the wake of several recently announced mega mergers. When the dust settles, the number of utilities in the U.S. could be whittled down from the current number of over 100 to 50 in less than five years, Constellation Energy CEO Mayo Shattuck said.

The drumbeat for a FERC hearing on the proposed mega-merger between Exelon Corp. and Public Service Enterprise Group (PSEG) is growing louder by the day. A number of parties last week urged the Commission not to provide rubber stamp approval of the pending deal, which would create a new company, Exelon Electric & Gas (EEG) [EC05-43]. Others went a step further, urging FERC to issue an outright rejection of the merger.

Top officials with Exelon Corp. and Public Service Enterprise Group (PSEG) last Wednesday expressed optimism that the pending mega-merger between the two companies will be able to navigate FERC’s regulatory process without a hearing.

The next Alberta oilsands mega-mine, the first to enter construction since energy prices have gone to a new plateau, aims to respond to the expensive new energy market realities by cutting about 40% off the industry average consumption of natural gas to produce synthetic crude oil.

The next Alberta oilsands mega-mine, the first to enter construction since energy prices have gone to a new plateau, aims to respond to the expensive new energy market realities by cutting about 40% off the industry average consumption of natural gas to produce synthetic crude oil.

ConocoPhillips has delivered on the initial objectives it set out to accomplish when its mega merger took effect two years ago, but “much more remains to be accomplished,” CEO Jim Mulva said last week. Mulva and his executive team on Wednesday outlined the strategic plans for the coming year at a meeting in New York with financial analysts.

ConocoPhillips has delivered on the initial objectives it set out to accomplish when its mega merger took effect two years ago, but “much more remains to be accomplished,” CEO Jim Mulva said Wednesday. Mulva and his executive team outlined the strategic plans for the coming year at a meeting in New York with financial analysts.

ConocoPhillips has delivered on the initial objectives it set out to accomplish when its mega merger took effect two years ago, but “much more remains to be accomplished,” CEO Jim Mulva said Wednesday. Mulva and his executive team outlined the strategic plans for the coming year at a meeting in New York with financial analysts.

Hicks, Muse, Tate & Furst Inc., a mega-investment firm based in Dallas and London, has announced the signing of a definitive agreement to acquire Regency Gas Services LLC. of Dallas in a transaction valued at $405 million, more than double the cost of Regency’s major assets that were acquired in the last year and a half, mainly from El Paso Energy and Duke Energy.