Partners

Cross Bay Pipeline partners the Williams Companies and DukeEnergy signed up KeySpan Energy Development as a third partner inthe project to move gas from interstate pipes in New Jersey to NewYork City and Long Island. The project will make use of existingpipes operated by Duke’s Texas Eastern Transmission (TETCO) andWilliams’ Transcontinental Gas Pipe Lines (Transco). KeySpan is asubsidiary of MarketSpan Corp., which is the parent of LDC BrooklynUnion.

El Paso Energy sold its 25% interest in NrG Information Servicesto NrG’s remaining partners, NOVA Gas Transmission., TransCanadaPipeLines, and Westcoast Energy. “This decision allows El PasoEnergy to continue focusing on its core businesses, includingnatural gas transmission, gas gathering and processing, energymarketing, and international project development,” said Graciela E.Martinez, El Paso vice president.

Texaco and Chevron are proceeding on a fast track with a $185million subsea production system for their Gemini prospect, asubsalt project in the deep-water Gulf of Mexico expected to yieldup to 300 Bcf of gas and four million barrels of condensate.

Trigen Energy announced it is mounting a legal battle to forcePECO Energy to honor terms of a Gray’s Ferry power purchaseagreement. Trigen said the Grays Ferry Cogeneration Partnershipreceived a letter from PECO saying the Pennsylvania utility couldnot pay the full contract price for electricity from the 150 MWcogeneration plant. The plant sells electricity to PECO and steamto Trigen-Philadelphia Energy. It is located in Philadelphia andwent into commercial operation earlier this year. Ironically,Exelon, a wholly owned subsidiary of PECO Energy, is a one-thirdowner in the project with Trigen and NRG Generating.