Southern California Gas Co.’s proposed restructuring plan hasbeen pushed aside by six new confidential alternatives becausecertain aspects of the utility’s plan have been deemedanticompetitive and have the potential to allow gaming at theTopock, AZ, receipt point, according to observers and participantsin discussions taking place at a downtown Los Angeles hotel.
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Fireworks Fly as GA Market Share is Defined
The end of Georgia gas deregulation process is proving to be notonly eventful, but also confusing for customers. On Tuesday (Aug.10), the day before the market share of the 20 gas suppliers was tobe determined, 77,000 gas customers in the state switched fromAtlanta Gas Light (AGL) to one of 20 marketers, for fear of beingplaced on a random assignment list, which actually won’t be made upuntil Monday.
PG&E Grabs Southern’s Boren to Lead New Group
PG&E Corp. lured in Thomas Boren, a former top executive atSouthern Co., to lead its PG&E National Energy Group, lastweek, only a few weeks after Boren had announced his retirement atSouthern. Boren, 50, will be president and CEO of the PG&Edivision, which includes PG&E Gas Transmission, PG&E PowerTrading, and PG&E Energy Services.
PG&E Grabs Southern’s Boren to Lead Division
PG&E Corp. lured in Thomas Boren, a former top executive atSouthern Co., to lead its PG&E National Energy Group, lastweek, only a few weeks after Boren had announced his retirement atSouthern. Boren, 50, will be president and CEO of the PG&Edivision, which includes PG&E Gas Transmission, PG&E PowerTrading, and PG&E Energy Services.
EEI: Collaboration is Key for 30 Tcf Market
Reaching a 30 Tcf gas market will greatly benefit the nation’spower market, so it only makes sense that electric utilities shouldhelp the gas industry achieve that goal, said Thomas Kuhn,president of Edison Electric Institute (EEI). Kuhn, speakingyesterday at the Natural Gas Roundtable in Washington D.C., saidthe convergence between the industries has become such a force thatthe EEI, whose members generate and distribute roughlythree-fourths of the nation’s electricity, is planning to take amore active role in helping the gas industry meet its demand.
Nymex Still Waiting for Contracts to be Electrified
If the Nymex electricity futures contracts were a party, by nowthe chips would be stale and the drinks flat, with only a handfulof guests having shown. Despite much fanfare over their respectivelaunchings, the New York Mercantile Exchange’s five electricitycontracts have largely languished for lack of activity.
Producers Put Up Big Dollars for New Nova Scotia Exploration
Producers put up healthy exploration budgets to show natural gasdevelopment has only begun on Canada’s East Coast with the SableOffshore Energy Project and Maritimes & Northeast Pipeline. Ahighly successful auction of drilling prospects offshore of NovaScotia also confirmed faith in the region that the merger of ExxonCorp. and Mobil Corp. will not cause a contraction of the buddingeastern Canadian gas industry.
Semco Sells Gas Marketing Unit to MCN
Semco Energy Inc. sold Semco Energy Services, its natural gasmarketing arm, to MCN Energy Group only weeks after announcingintentions to exit the gas marketing side of its business. Nofinancial terms of the deal were disclosed except that Semcoexpects to record a gain on the sale and the companies expect thetransaction to close by the end of March.
Board ‘Outs’ Trip Up ANR Expansion at FERC
It took FERC only a few days to recognize that ANR Pipeline’sMarch 8 application for a second Wisconsin expansion project in 18months fails to meet the Commission’s test for showing market need.
Semco Sells Gas Marketing Unit to MCN
Semco Energy Inc. sold Semco Energy Services, its natural gasmarketing arm, to MCN Energy Group only weeks after announcingintentions to exit the gas marketing side of its business. Nofinancial terms of the deal were disclosed except that Semcoexpects to record a gain on the sale and the companies expect thetransaction to close by the end of March.