Pace

The current pace of power plant construction could very well lead to the elimination of generation capacity shortages in practically every U.S. regional power market over the next one to three years, according to a new study recently completed by ICF Consulting.

Spring is not the only thing currently in the air, as merger and acquisition activity continues at the rapid pace set during 2000. Midland, TX-based Pure Resources Inc. and Denver, CO-based Hallwood Energy Corp. announced they have signed a definitive merger agreement in which subsidiary Pure Resources II will acquire all of the outstanding shares of Hallwood common stock at a price of $12.50/share.

Enron Energy Services (EES) continued on its quick pace of business in 2001 as it reported that it has entered into two long-term agreements to manage energy supplies with large retailers last week. EES will manage the energy needs for all of Saks Inc.’s store locations, distribution facilities and administrative offices in 39 states. EES also teamed with J.C. Penney Co. to cover the acquisition of about $600 million in energy-related commodities for its retail locations. Terms of the Saks deal were not disclosed.

The current pace of power plant construction could very well lead to the elimination of generation capacity shortages in practically every U.S. regional power market over the next one to three years, according to a new study recently completed by ICF Consulting.

Enron Energy Services (EES) continued on its quick pace of business in 2001 as it reported that it has entered into two long-term agreements to manage energy supplies with large retailers over the last two days. EES will manage the energy needs for all of Saks Inc.’s store locations, distribution facillities and administrative offices in 39 states. EES also teamed with J.C. Penney Co. to cover the acquisition of about $600 million in energy-related commodities for its retail locations. Terms of the Saks deal were not disclosed.

Spring is not the only thing currently in the air, as merger andacquisition activity continues at the rapid pace set during 2000.Midland, TX-based Pure Resources Inc. and Denver, CO-based HallwoodEnergy Corp. announced they have signed a definitive mergeragreement in which subsidiary Pure Resources II will acquire all ofthe outstanding shares of Hallwood common stock at a price of$12.50/share.

Colorado Interstate Gas received a FERC certificate last Wednesday to expand its Raton Basin facilities to keep pace with expanding coal-bed methane production. CIG will construct two new compressor stations, add to a third, and build a total of 69 miles of pipe to deliver 85 MMcf/d into major interstate lines.

Colorado Interstate Gas received a FERC certificate Wednesday toexpand its Raton Basin facilities to keep pace with expandingcoal-bed methane production. CIG will construct two new compressorstations, add to a third, and build a total of 69 miles of pipe todeliver 85 MMcf/d into major interstate lines.

The pace of stopgap measures for California’s expected powershortages this summer picked up Tuesday with the governorannouncing rebates to customers cutting their summer power use by20% and Calpine Corp. striking an immediate two-month deal forproviding 550 MW to southern California markets starting todaythrough May 15. The short-term power pact is an interim one withthe state water resources department.