Midst

Former PGW Executives Charged with Theft

While Philadelphia Gas Works (PGW) is in the midst of defendinga 30% rate hike request, the Philadelphia District Attorney hasfiled criminal charges against four former PGW executives for theftand misuse of company funds. The action was sparked by aPhiladelphia County Grand Jury investigation.

October 25, 2000

Few Contenders for New CA Generation

In the midst of this week’s power alerts exacerbated byCalifornia’s shortage of electric generating capacity, theSacramento Municipal Utility District drew only three responses toa proposal put out for bids early in the summer to have a developerbuild, own and operate a natural gas-fired 500 to 1,000 MWgeneration plant on part of a 2,000-acre site owned by the nation’slargest municipal utility. The earliest the plant would beoperational would be in 2004.

September 25, 2000

Few Contenders for New CA Generation

In the midst of this week’s power alerts exacerbated byCalifornia’s shortage of electric generating capacity, theSacramento Municipal Utility District drew only three responses toa proposal put out for bids early in the summer to have a developerbuild, own and operate a natural gas-fired 500 to 1,000 MWgeneration plant on part of a 2,000-acre site owned by the nation’slargest municipal utility. The earliest the plant would beoperational would be in 2004.

September 19, 2000

Williston Basin Banking on Canadian Supply Shortfall

Williston Basin Interstate Pipeline Co. is in the midst ofupgrading firm transportation capacity on its system inanticipation of supplying cheaper Powder River Basin gas toshippers on Northern Border Pipeline, who it believes will bedeprived of economical Canadian gas supplies when Alliance Pipelinegoes into service in October.

August 21, 2000

Willston Basin Banking on Canadian Supply Shortfall

Williston Basin Interstate Pipeline Co. is in the midst ofboosting firm transportation capacity on its system in anticipationof supplying cheaper Powder River Basin gas to shippers on NorthernBorder Pipeline, who it believes will be deprived of economicalCanadian gas supplies when Alliance Pipeline goes into servicelater this year.

August 15, 2000

New Sempra Boss Has a Vision

In the midst of bullish earnings projections for the secondquarter in early July, San Diego-based Sempra Energy’s new boss,CEO Steve Baum, has been busy outlining his vision for employeesand the financial community. In a nutshell, it calls for emphasison growing a nationwide energy retail operation, de-emphasizingregulated utility operations and accelerating the change tocompetitive energy markets nationwide. It also may includeunloading start-up LDCs.

July 10, 2000

New Sempra Boss Has a Vision

In the midst of bullish earnings projections for the secondquarter in early July, San Diego-based Sempra Energy’s new boss,CEO Steve Baum, has been busy outlining his vision for employeesand the financial community. In a nutshell, it calls for emphasison growing a nationwide energy retail operation, de-emphasizingregulated utility operations and accelerating the change tocompetitive energy markets nationwide. It also may includeunloading start-up LDCs.

July 7, 2000

CA Heat Wave and Nuke Outages Spark Heavy Gas Demand

In the midst of a Stage Two emergency alert by the state gridoperator, California generating plants used every cubic foot ofnatural gas they could squeeze through the state’s pipeline systemto keep the air conditioners humming in response to a statewideheat wave throughout the inland valleys and deserts. The secondstage alert, enacted less than two hours after a Stage One had beencalled, required major utilities to seek voluntary curtailmentsamong some of their largest power users.

May 23, 2000

Shippers Seek Modifications in MRT’s Auction Proposal

Caught in the midst of heated criticism of FERC’s proposedauction mechanism, Mississippi River Transmission (MRT) isdefending its proposed new auction procedures from attack bymarketers and producers.

February 22, 1999

BP Amoco Cutting 3,000 More Jobs

BP Amoco added another 3,000 to the heap of 7,000 job cutsalready announced in the wake of the merger of British Petroleumand Amoco and in the midst of depressed oil and gas prices. Thenewest job cuts will be worldwide, and it is not yet known how manywill be in the United States. Last week the company also announcedreplacement cost operating profit for 1998 of $6,437 million, off39% from $10,583 in 1997.

February 22, 1999
1 4 5 6 Next ›