Merrillville, IN-based NiSource confirmed yesterday what someobservers have suspected for some time: that Columbia EnergyGroup’s failed bid for Consolidated Natural Gas was partly a veiledattempt to protect itself from being targeted by a buyer. NiSourceannounced that it has had an offer for Columbia on the table sinceApril 1 but has been rebuffed repeatedly and is making its hostilebid public in an effort to pressure Columbia’s board.
Months
Articles from Months
California Backs Away From Gas Deregulation
After almost 18 months of detailed proceedings and negativelegislative signals, California regulators have pulled backsubstantially from original proposals to unbundle the state’snatural gas industry along the lines of the state’s electricderegulation.
California Backs Away from Gas Deregulation
After almost 18 months of detailed proceedings and negativelegislative signals, California regulators have pulled backsubstantially from original proposals to unbundle the state’snatural gas industry along the lines of its electric deregulation.
OK Delays Retail Unbundling, Blames ONG
The Oklahoma Corporation Commission (OCC) delayed the state’sretail gas unbundling 20 months, saying tax and other issues needmore consideration and noting upstream unbundling must come firstanyway.
NEB Outlines Competitive Policy in Approving Vector
For the second time in five months, the National Energy Boardhas served notice that competition has arrived to stay in theCanadian natural gas pipeline community.
Compromise is Key for PA Deregulation Bill
After months of debate and compromise between regulators,marketers and LDCs, SB 601 was introduced to the Pennsylvanialegislature earlier this week, moving residential and smallcommercial gas customers one step closer to gas supply choice. Thenext step for the bill will come on March 23, when the SenateConsumer Protection committee will hold a hearing on the bill.
Industry Talks on NOPR, NOI ‘Suspended’
The formal, bi-weekly negotiations on major gas restructuringinitiatives, which had been under way for more than two months,were “suspended” when various industry segments decided that a”unified proposal” wasn’t likely, sources said. This action was nottotally unexpected (See NGI, March 1 issue).
Dialogue on NOPR, NOI ‘Suspended’
The formal, bi-weekly negotiations on major gas restructuringinitiatives, which have been under way for two months, were”suspended” last week when various industry segments agreed that a”unified proposal” was not likely, sources said. This action wasnot totally unexpected.
Northwest Pipeline Ruptures for Second Time in Two Months
Details were still somewhat sparse Saturday, but Northwest Pipeline was able to confirm that there had been a line failure on its pipeline near Stevenson, WA Friday night about 8:20 (PST). Personnel were immediately dispatched to the site to secure the area. As of press time Saturday, no injuries were reported and the cause of the incident was under investigation.
Amway, Columbia Target Ohio, Georgia
Amway Corp. and Columbia Energy are taking their retail energyalliance to Ohio this month, three months after testing energymarketing strategies in Georgia. Georgia residents who have chosenColumbia Energy through Amway distributors can save as much as 18%per year on the cost of natural gas, according to Columbia.