Poised

There has been a sharp increase in market power in theelectricity market and merger activity is poised to skyrocket withthe spread of electric deregulation, Federal Trade CommissionChairman Robert Pitofsky told the Federal Energy RegulatoryCommission last week.

There has been a sharp increase in market power in theelectricity market and merger activity is poised to skyrocket withthe spread of electric deregulation, Federal Trade CommissionChairman Robert Pitofsky told the Federal Energy RegulatoryCommission yesterday.

Oil and gas production from offshore Atlantic Canada could reachabout 500,000 Boe/d if, as key operators in the region predict, anew development project begins every two or three years throughoutthe next two decades, according to “Harnessing the Potential -Atlantic Canada’s Oil and Gas Industry.”

Rocky Mountain gas producers heard encouraging news on the rolethey could play in helping the industry achieve a 30 Tcf market by2010. Several speakers at the Colorado Oil & Gas Association’sannual conference earlier this month in Denver delivered themessage that it’s largely up to the Rockies to make that kind ofmarket growth a reality.

Small scale power generation revenues are poised for growth,according to a new study by Business Communications Co. Revenueswere estimated at $4.2 billion in 1998 and are expected to grow atan average annual rate of 32.1% to pass $16 billion in 2003.

Western Canadian gas is poised to play a larger role in the U.S.supply picture at a time when gas-directed drilling activity hasfar surpassed oil activity in the region, according to the CanadianEnergy Research Institute (CERI).

Western Canadian gas is poised to play a larger role in the U.S.supply picture at a time when gas-directed drilling activity hasfar surpassed oil activity in the region, according to the CanadianEnergy Research Institute (CERI).

Companion Pennsylvania gas deregulation bills for smallcommercial and residential customers appear to be quicklymaneuvering through the state legislative process. The Senateversion is expected to go for a floor vote this week. Meanwhile,the House held hearings on its version of the bill recently andsupporters said the results were positive.

Companion Pennsylvania gas deregulation bills for smallcommercial and residential customers appear to be quicklymaneuvering through the state legislative process. The Senateversion is expected to go for a floor vote next week. Meanwhile,the House held hearings on its version of the bill recently andsupporters said the results were positive.