San Diego-based Sempra Energy, which two years ago appeared to have a profitable niche selling energy services to large commercial/industrial customers, is looking to sell off that part of its nonutility businesses unless there is turnaround by the end of this year, Sempra CEO Steve Baum told the Deutsche Bank Electric Power Conference in New York City Tuesday.
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Sempra to Sell Energy Services Business Unless It Improves in ’04
San Diego-based Sempra Energy, which two years ago appeared to have a profitable niche selling energy services to large commercial/industrial customers, is looking to sell off that part of its nonutility businesses unless there is turnaround by the end of this year, Sempra CEO Steve Baum told the Deutsche Bank Electric Power Conference in New York City Tuesday.
Chevron Considers West Coast LNG Imports
In another indication that liquefied natural gas could becomemore than a niche fuel in North America, San Francisco-basedChevron said yesterday it is “reviewing options” for importing LNGto serve the West Coast. If the project proves economically viable,Chevron said its first supplies could arrive by 2005.
Illinova Continues Building Retail Operation
Illinova Energy Partners (IEP) purchased another niche retailmarketing operation last week to bolster its presence in keyderegulating markets. The company, which has added EMC GasTransmission in Michigan and Equitable Resource Marketing inIndiana during the last six months, purchased Tempe, AZ-basedQuality Energy Services (QES) to gain a foothold in thesoon-to-be-deregulated Arizona energy market.
Illinova Continues Building Retail Operation
Illinova Energy Partners (IEP) purchased another niche retailmarketing operation yesterday to bolster it presence in keyderegulating markets. The company, which has added EMC GasTransmission in Michigan and Equitable Resource Marketing inIndiana during the last six months, purchased Tempe, AZ-basedQuality Energy Services (QES) to gain a foothold in thesoon-to-be-deregulated Arizona energy market.