Option

Coastal Grows Gulf Presence

Coastal Field Services Co. made a small increase in itsinterests in Gulf of Mexico Mobile Bayarea and gained the companyoption to increase its share significantly more.

June 25, 1999

Dominion Resources to Buy 10 Turbines

Dominion Resources announced Friday it has signed an agreementwith General Electric Co. for an option to purchase 10 naturalgas-fired electric generation turbines for an undisclosed sum.

June 1, 1999

Sonat Regains 100% Control of Sonat Power

Sonat exercised an option recently to buy back 35% interest inSonat Power Marketing from Atlanta Gas Light (AGL). The price wasnot released. Sonat did say it will be at fair market valuedetermined by investment banks selected by Sonat and AGL. Sonatalready owns the other 65% of Sonat Power Marketing.

May 11, 1999

Western Seeking CA Utility Certificate

Western Gas Resources-California last week applied to theCalifornia Public Utilities Commission to operate a Californiautility. Western-California, a subsidiary of Western Gas Resources,has acquired an option to buy the Steelhead Pipeline System andportions of the Sacramento River Gas System in northern Californiafor an undisclosed sum. Western is seeking to change the systems’status from proprietary to public utility.

April 12, 1999

TCPL Offers U.S. Partnership Shares

TransCanada PipeLines plans to sell to the public 15.6 millionshares (excluding a 2.4 million over-allotment option) of a newlimited partnership formed to acquire and operate its U.S. pipelineinterests. The public offering would represent 78.2% of the totalinterest in the new TC PipeLines LP, which will own a 30% stake inthe recently expanded Northern Border Pipeline.

January 4, 1999

Gas Choice Coming to 31,000 Virginians

Washington Gas soon will notify its northern Virginia customersof its customer choice pilot. Customers will have the option tochoose from a list of gas suppliers whose names and phone numberswill be included in an October bill insert. A series of communityeducation meetings is planned.

September 28, 1998

HI Plans Rhode Island Merchant Plant

Houston Industries Power Generation, a subsidiary of HoustonIndustries, signed an option agreement to purchase a 33-acre sitefrom the R.I. Resource Recovery Corp. This site is the planned home for RI Hope Energy, a 500 MW merchant plant to servederegulated wholesale markets in Rhode Island and New England. RIHope Energy will be in an industrial park currently being developedby RIRRC in Johnston, RI.

July 2, 1998

Pennsylvania Closes in on Customer Choice

Customer choice for all Pennsylvania natural gas customers couldbecome an option within the next few months, and the law thatemerges from the months of statehouse wrangling could add directionto unbundling activities in other states.

February 23, 1998
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