Last year clearly didn’t turn out like most industry officialsexpected, according to a new survey by the Washington InternationalEnergy Group, a Washington, D.C.-based energy consulting firm. Thefirm’s 1999 Energy Industry Outlook notes the retail marketrevolution “wimped out,” mergers were quite a bit larger thanexpected, the oil price glut was more serious than many thought andpower generation became much more important than most initiallybelieved.
Articles from Officials
While gas industry officials debated the merits of capacityauctions, electronic trading experts last week indicated suchauctions were doable from a technical standpoint but would firstrequire a certain amount of standardization of products,definitions and practices. This immediately raised the eyebrows ofsome critics, who believe that too much standardization could beharmful to the gas industry.
While gas industry officials debated the merits of auctions,electronic trading experts earlier this week indicated they weredoable from a technical standpoint but first would require acertain amount of standardization of products, definitions andpractices.
From its new corporate headquarters in San Diego, officials ofthe newly merged $6.2 billion Sempra Energy yesterday stronglypromoted their goal of expanding both utility and nonutilitybusinesses throughout the U.S. in the next 10 years as energyrestructuring spreads from state to state. It plans both highprofile marketing/branding and political campaigns to further itsgoal of being “one of the top five energy services companies inNorth America.”
Officials of key electricity trade groups question whetherDeputy Energy Secretary Elizabeth Moler has the political cloutneeded to be considered as a serious candidate by the White Houseto replace departing Energy Secretary Federico Pena.