Offering to manage energy and related infrastructure services,Sempra Energy’s energy services provider has inked a deal with oneof the nation’s largest auto parts retail chains. Under the dealSempra Energy Solutions will provide energy information and billingmanagement services for 718 retail outlets in 37 states.
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Shell Energy Services LLC is offering Georgia retail customers aweatherproof bill for their gas purchases. The bill sets flatmonthly charges for consumers’ natural gas bills, which Shellguarantees for a full 12 months. The program is different fromother “budget” billing plans, Shell said, because there is noyear-end adjustment or “true-up,” no matter how cold it gets in thewinter. For a limited time, consumers may sign up for the ShellEnergy WeatherProof(SM) Bill by calling 1-877-56-SHELL or byvisiting the Shell Energy Web site at www.shellenergy.com. Afterthey provide qualifying information, customers are told exactly howmuch their monthly natural gas bill will be for the next 12 months.The calculation is based on a computer program analysis ofmulti-decade weather patterns for their respective regions ofGeorgia. The analysis is combined with the 12-month historicalnatural gas usage at the consumer’s residence and the then-currentguaranteed rate per therm-now 39 cents for Shell Energy naturalgas.
Texas Utilities Co. subsidiary TU Integrated Solutions formed astrategic venture with ServiceMaster to own and operate an energymanagement business. The new venture has acquired all the assets ofServiceMaster Energy Management (SEM), currently a division ofServiceMaster, and will be owned 85% by Texas Utilities and 15% byServiceMaster. Texas Utilities will invest $46 million for itsshare of the venture.
In an effort to attract customers in Semco Gas’ pilotderegulation program, Consumers Energy is offering a deal it sayswill save switching residents up to $70 over three years. Consumersis guaranteeing a price of $2.84 per Mcf for three years, comparedto Semco’s price of $2.94 over the same period of time. Consumerswould start delivering gas to new customers April 1, 1999.
Western Gas Resources’ production subsidiary Lance Oil & Gasis offering for sale a working interest in the Jonah Field, a largebasin-centered gas accumulation in the northwest portion of theGreen River Basin in southwest Wyoming. Western intends to retainall of its gathering and processing rights in the area following asale.
In this uncertain world Pittsburgh-based Weatherwise USA isoffering to eliminate one weather-related stress factor – that ofskyrocketing gas heating and cooling bills. The WeatherwiseWeatherProof Bills program claims to be the first to offer afixed-price gas service that eliminates weather- and gasprice-related uncertainty for individual consumers.
In this uncertain world Pittsburgh-based Weatherwise USA isoffering to eliminate one weather-related stress factor-that ofskyrocketing gas heating and cooling bills. The WeatherwiseWeatherProof Bills (sm) program claims to be the first to offer afixed price gas service that eliminates weather- and gasprice-related uncertainty for individual consumers.
DuPont’s board of directors approved the previously announcedinitial public offering (IPO) of Conoco common stock before the endof 1998. Following completion of the IPO, DuPont intends to offerits remaining Conoco shares to DuPont shareholders in exchange forDuPont shares in a tax-free split-off expected to be completedwithin 12 months.