As predicted by National Energy Board (NEB) member Jean-Paul Theoret in a winter speech to a Quebec lawyers’ conference, the first results of unleashing competition in the formerly stable Canadian natural gas pipeline community are “messy markets” and potentially “messy outcomes.” That became clear in one of the first tests of the NEB’s declared intentions to encourage growth of a true market in transportation services by making flexibility and adaptability the watchwords for a new era of light-handed regulation.
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Paul D. Jacob is taking over as president of Edison MissionMarketing & Trading (EMMT), a subsidiary of Edison MissionEnergy and Edison International. He succeeds Mark Maisto, whoresigned. Maisto presided over the transition following EdisonMission Energy’s acquisition of Boston-based Citizens Power lastyear. Maisto will join RockPort Partners, a Boston investment bankwhich focuses on energy and environmental technology.
February 27, 2001
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