Paving

The U.S. Bankruptcy Court for the District of Maryland, Greenbelt Division has approved National Energy & Gas Transmission Inc.’s (NEGT) plan of reorganization, paving the way for the power generation, marketing and pipeline company to emerge from bankruptcy in the next couple months. The company expects the plan to become effective by the end of May or early June.

CMS Trunkline LNG Co. announced an agreement with Shell Oil’s Coral Energy Resources yesterday, paving the way for the CMS subsidiary to provide firm terminal service for 13 of Coral’s LNG cargoes in 2000 and 2001. Terms of the agreement were not disclosed. The first cargo is scheduled for delivery in January 2000.

Energy East Corp., parent of New York State Electric &Gas, offered to buy Connecticut Energy Corp. (CNE) for $617 million Friday, paving the way for the combined utility to add 160,000 new gas customers and at the same time continuing to shrink the number of pure gas utilities. The board of directors for each company has agreed to the deal.

Energy East Corp., parent of New York State Electric & Gas,offered to buy Connecticut Energy Corp. (CNE) for $617 millionFriday, paving the way for the combined utility to add 160,000 newgas customers and at the same time continuing to shrink the numberof pure gas utilities. The board of directors for each company hasagreed to the deal.

The Georgia Senate approved House Bill 822 by a vote of 52-0Wednesday, paving the way for a one time, statewide customerassignment process to occur before the next heating season. Havingalready passed the House of Representatives unanimously, theamendment only needs Gov. Roy Barnes’ signature before it becomeslaw.

The Georgia Senate approved House Bill 822 by a vote of 52-0last week, paving the way for a one time, statewide customerassignment process to occur before the next heating season. Havingalready passed the House of Representatives unanimously, theamendment only needs Gov. Roy Barnes’ signature before it becomeslaw.

FERC yesterday approved an initiative paving the way for it tobegin discussions with state regulators as a preliminary step topotentially dividing up the nationwide electricity transmissiongrid into regional districts and boundaries to further promotecompetition and eliminate undue discrimination against powercustomers.

Kentucky’s two largest electric utilities – Louisville Gas andElectric (LG&E) and Kentucky Utilities (KU) – won final FERCapproval for their merger Wednesday, paving the way for itscompletion sometime in the second quarter, the utilities said.