Cinergy Parts with Retail Marketing Subsidiary

Cinergy Corp., the Cincinnati, OH-based owner of Cincinnati Gas& Electric (CG&E), sold its nonregulated retail gasmarketing unit to an integrated energy services cooperative calledThe Energy Cooperative (TEC) for an undisclosed sum last week.Cinergy said it will not disclose the number of customers CinergyResources serves.

March 6, 2000

Pinnacle to Build 2,120 MW Palo Verde Gas Plant

Pinnacle West Capital Corp., the holding company for ArizonaPublic Service and 30% owner of the Palo Verde Nuclear GeneratingStation, is making the leap into natural gas in a big way,developing one of the largest gas-fired electric generatingfacilities alongside its Palo Verde switchyard.

October 1, 1999

Ozark Sale Final, Owner Fighting FERC Over Rates

The sale of Ozark Gas Transmission to an Enogex affiliate hasbeen completed, but it remains to be seen whether the FERC willbless Enogex with the rates it seeks for an interstate pipelinecomposed of the combination of Ozark and its currentlynon-jurisdictional NOARK Pipeline.

August 5, 1998

Skyscraper Fighting For Self-Generation

Oral arguments by the owner of the Sears Tower, and QST Energyagainst Commonwealth Edison (ComEd) were heard yesterday by theIllinois Commerce Commission (ICC). Tower Leasing and QST arefighting ComEd’s refusal to allow installation of a cogenerationsystem at the tower that would save tenants an estimated $2 millionor more a year in energy costs. So far, ComEd has refused to allowQST to acquire or lease Edison’s distribution system inside theSears Tower, a prerequisite to installing the cogeneration (seeNGI May 5, 1997).

May 20, 1998

Calpine Grows to Texas’ Largest IPP

In a transaction making it the largest independent powerproducer in Texas, Calpine Corp. acquired the remaining 50% interest in Texas Cogeneration Co. (TCC), owner of two gas-firedpower plants in Texas City and Pasadena, TX, with 827 MW ofcapacity. Calpine of San Jose, CA, bought the remaining interest inTCC from Dominion Cogen Inc. for about $53 million, plus contingentpurchase payments beginning in 2000 that could approximate 2.9% ofproject revenue. As part of the deal, Calpine now owns a 7.5%interest in a 165 MW gas-fired cogeneration plant located inBayonne, NJ. Calpine Fuels Texas, a subsidiary of Calpine, buys gasfor the Texas plants from Enron Capital & Trade Resources(ECT). In a related transaction, Calpine Fuels Texas paid about$105 million to ECT to restructure its existing gas contracts.

April 2, 1998

Syntroleum, SLH Merging for Capital

Syntroleum Corp., the developer and owner of a proprietaryprocess for converting natural gas into synthetic crude oil, andSLH Corp., which owns about 31% of Syntroleum, agreed to merge in astock-for-stock deal, which has been approved by the boards of bothcompanies.

April 1, 1998

Texas Utilities Gains More Energy Group Shares

The dueling U.S. titans were continuing their battle to be thenew owner of England’s The Energy Group. Texas Utilities said itacquired 36.9 million more Energy Group shares at 840 pence/share,representing about 7.1% of The Energy Group’s issued share capital,and now holds 114.4 million shares, about 21.96% of issued sharecapital. TU had the blessing of U.S. regulators for the shareacquisition.

March 18, 1998
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