CMS Changes Name of E&P Arm

CMS Energy Corp. changed the name of its oil and gas explorationand production business to CMS Oil and Gas Co. “Last year we movedto our headquarters in Houston, TX, and the original focus of ourbusiness has broadened from its origins in northern Michigan toinclude exploration and production projects around the world,” saidBradley W. Fischer, CEO of CMS Oil and Gas Co., formerly known asCMS NOMECO Oil & Gas Co.

October 9, 1998

Arkla Begins Unbundling Process

While neighboring LDC Oklahoma Natural Gas continues its attemptto stave off unbundling, Arkla moved forward last week with acollaborative process involving stakeholders that is intended toproduce a downstream unbundling plan next April with full retailcompetition by October 1999.

October 5, 1998

Vector Pipeline Environmental Study Completed

The 330-mile U.S. portion of the Vector Pipeline, proposed tocarry natural gas from the Chicago Hub to eastern connections,moved a step closer to construction with the issuance yesterday ofa draft environmental impact statement (DEIS) by the Federal EnergyRegulatory Commission.

September 2, 1998

Futures Rebound to Show Gain for the Week

The futures market moved quietly higher in fairly subduedtrading on Friday until a round of position squaring and freshbuying boosted the market before the close. That was enough topropel the September contract above its recent trading range tosettle at $1.877, a 6-cent advance on the day.

August 17, 1998

Late Fallbacks Hint at Aftermarket Peaking

Prices in nearly all markets outside the Rockies moved a littlehigher Tuesday, but late retreats at many points indicated theaftermarket upticks fueled by producing-area heat may be subsiding.

June 3, 1998

$2.70s Too Much For May Futures

If bullish natural gas futures traders became excited when theMay contract moved above the $2.70 mark yesterday morning, theirenthusiasm was tempered following the spot month’s daily close of$2.689. Although this represents a daily gain of 2.1 cents, onetrader is concerned that futures prices will be falling in the daysto come. “I was hoping a break above $2.70 would lead to a move to$2.80, but traders seemed pretty quick to slam the door. It lookslike profit taking has started ahead of the long holiday weekend,”he said. The New York Mercantile Exchange will be closed for GoodFriday.

April 9, 1998

One-Call Moves Two Steps Closer to Law

One-call pipeline safety legislation moved much closer tobecoming law this week as the Senate voted to add it to omnibustransportation legislation and representatives Richard Hugh Baker(R-LA) and Frank Pallone (D-NJ) introduced a nearly identicalone-call bill in the House of Representatives. The Senate alreadyhas passed one-call as a stand alone bill (S. 1115) but includingit in the larger transportation package increases its chances ofbecoming law.

March 5, 1998
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