Exxon Mobil launched a new organization structure built on aconcept of eleven separate global businesses designed to allow thecompany to compete more effectively in a changing worldwide energyindustry. Lee Raymond, CEO, said by mid-December the company willannounce a revised forecast of merger benefits that will likelyexceed the $2.8 billion annual level announced last year.
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Greenwood, SC, Looking For Energy Provider
The Greenwood Commissioners of Public Works (CPW), the municipalorganization responsible for the energy needs for the city ofGreenwood, SC, said last week it has entered the market for a totalenergy provider. The CPW is searching for companies with tangibleassets to provide comprehensive energy supply services, includingpower supply and gas supply. Energy supply proposals may includealternatives ranging from full requirements service to thedevelopment of owned generating resources, the CPW said.
Greenwood, SC Looking for Energy Provider
The Greenwood Commissioners of Public Works (CPW), the municipalorganization responsible for the energy needs for the city ofGreenwood, SC, said it has entered the market for a total energyprovider. The CPW is searching for companies with tangible assetsto provide comprehensive energy supply services, including powersupply and gas supply. Energy supply proposals may includealternatives ranging from full requirements service to thedevelopment of owned generating resources, the CPW said.
Aquila Disbands its Industrial Sales Team
In a move to improve organization and reduce overlap, AquilaEnergy laid off all 34 members of its industrial gas sales team.Their work will be picked up by Aquila’s commercial gas sales team,located in Columbus, OH.
Independents Pessimistic About Crude Price Run-up
The recent rise in U.S. crude oil prices due to the announcedproduction cuts by the Organization of Petroleum ExportingCountries (OPEC) shouldn’t stop Congress from pursuing legislativereforms for domestic oil and natural gas producers, the head of anindependent producer association said yesterday.
FERC First Changes Announced At Last
Following an extensive four-month, $700,000 review of FERC’sprocedures and organization by staff and Andersen Consulting, theCommission yesterday formally announced its changes in structureand regulatory approach. The initiative, which includes creatingseveral new offices, efforts to increase pre-filing activities andnew regulatory approaches designed to speed up processing ofapplications, will be made effective over the next 18 months.
Matthews: WWP is an ‘Inventive’ Utility
After less than two years as president of NGC Corp., TomMatthews is leaving the company for an organization he considers anon-traditional utility, Washington Water Power (WWP). He said thecompany he will run as CEO and chairman of the board is among abouta half dozen utilities that have been “inventive and creative” inresponding to deregulation.