Overloaded

Energy Execs Predict 2-3 More Bankruptcies in Enron’s Wake

By this summer, at least two more energy trading companies — more likely asset-light instead of asset-heavy — may be forced to file for bankruptcy, which will offer opportunities for other companies, and perhaps even an opening for new trading players, a panel of energy executives forecast Tuesday. Speaking at the UBS Warburg Global Energy & Utilities Conference in New York City, the panel agreed that companies most likely to succeed will be the multi-dimensional players, with balanced portfolios that operate in both high or low volatility markets.

February 13, 2002

CA Gas Infrastructure Could Be Overloaded

Compression upgrades on parts of the Southern California Gas Co. pipeline infrastructure along with using cushion gas from several storage fields, including SoCal’s idle Montebello field, may be the last and best hope of avoiding a meltdown in California’s natural gas transmission pipeline infrastructure this summer under the weight of heavy demand from electric generators, a state energy expert told California legislators last Wednesday.

April 2, 2001

CA Gas Infrastructure Could Be Overloaded

Temporary compression upgrades on parts of the SouthernCalifornia Gas Co. pipeline infrastructure along with using cushiongas from its idle Montebello underground storage field may be thelast and best hope of avoiding a meltdown in California’s naturalgas transmission pipeline infrastructure this summer under theweight of heavy demand from electric generators, a state energyexpert told California legislators Wednesday.

March 30, 2001