Offices

Enron Corp. on Tuesday named Stephen F. Cooper, managing partner with New York-based Zolfo Cooper LLC, a corporate recovery and crisis management firm, as interim CEO and chief restructuring officer. Cooper has more than 30 years of experience leading companies through operational and financial reorganizations. Cooper will be joined by a team of Zolfo Cooper professionals and current Enron executives to assist with Enron’s restructuring effort.

Energy companies large and small, including some that had offices in the World Trade Center, are continuing to pour financial, material and emotional support into relief efforts for victims of the Sept. 11 terrorist attacks in the United States. By the end of last week, Exxon Mobil Corp. had pledged up to $20 million, while BP, Chevron, Texaco and Amerada Hess were but a few announcing $5 million in corporate donations (see Daily GPI, Sept. 17). As much as money, however, many companies across the country are continuing to pledge their blood, time and a commitment to persevere.

Stepping up the campaign for power price caps in advance of FERC’s meeting on the issue today, (1 p.m. at the Commission offices), S. David Freeman, senior energy advisor to the California governor, told a press briefing last week in Washington, DC, of the state’s “desperate need for FERC to bring prices down to just and reasonable rates.” The Commissioners should exercise their legal independence from the White House, he added.

The gas bulls are firmly entrenched at the St. Petersburg, FLoffices of Raymond James & Associates. The group put out areport last week projecting either the loss of 5 Bcf/d of gasdemand this winter due to soaring gas prices or an “impossible”negative balance of working gas in storage at the end of the winterheating season, given normal temperatures this winter.

The gas bulls are firmly entrenched at the St. Petersburg, FLoffices of Raymond James & Associates. The group put out areport this week projecting either the loss of 5 Bcf/d of gasdemand this winter due to soaring gas prices or an “impossible”negative balance of working gas in storage at the end of the winterheating season, given normal temperatures this winter.

TXU Energy Services has won a five-year $500 million deal toprovide energy services to 85 of Crescent Real Estate commercialoffices nationwide. Cresent is one of the country’s largest realestate investment trusts.

CMS Energy Corp. dedicated its new headquarters building for CMSPanhandle Pipe Line Companies at 5444 Westheimer in Houston. About300 employees are moving to the new location.