Move

MCN Energy Group Inc. is selling its 35% interest in Jonah GasGathering Co. to Green River Pipeline, LLC — a move top MCNofficials say is related to the company’s desire to focus attentionon its Midwest-to-Northeast region. Green River, MCN’s partner,will pay $45 million in exchange for the stake in the venture.

In a move to attract investors, Southern Company plans to createa separate company for most of its non-utility businesses, sell19.9% of the company to the public through an initial publicoffering and spin the rest off to shareholders.

Prices emerged from the weekend to move higher in fairly quietactivity Monday, mostly in amounts of a nickel or less. Theoutperforming points were concentrated in California and theNortheast.

While winter weather finally made an appearance in the Northeastand Midcontinent last Friday, major price movement in most marketareas did not. Sources in the Midcontinent and Northeast citedweather forecasts calling for major temperature warm-ups for thisweek as the major reason for the market’s inability to rise.

There’s no denying that El Paso Natural Gas has a bad habit ofattracting controversy, but its latest move seems a bit moremasochistic than usual.

In a move that brings together two of the energy industry’s800-pound gorillas, Texaco and Enron North America announced lastweek they are combining their Louisiana pipeline and storage assetsin a new joint venture called Bridgeline Holdings LP.

There’s no denying that El Paso Natural Gas has a bad habit ofattracting controversy, but its latest move seems a bit moremasochistic than usual.

In a move that brings together two of the industry’s 800-poundgorillas, Texaco and Enron North America announced yesterday theyare combining their Louisiana assets and marketing in a new jointventure called Bridgeline Holdings LP.

The New York Mercantile Exchange said it will move electricitytrading from open outcry to the Nymex ACCESS electronic tradingsystem following the close of trading March 2. At the 4 p.m. startthat day of the ACCESS session, which marks the start of the March3 trading session, the Exchange will list all of its existingelectricity futures and options contracts for trading on the systemthrough 2:30 PM the next day. The contract will begin trading at 4PM Monday through Thursday evenings and will begin trading at 7p.m. Sundays.