Portland

Sierra Pacific-PGE Merger, Entergy-Koch Venture OK’d

FERC yesterday gave Sierra Pacific Resources (SPR), parent ofSierra Pacific Power and Nevada Power, the go-ahead to acquirePortland General Electric (PGE) from Enron Corp. The marriage,which is expected to close during the first quarter of 2001, stillmust be approved by the Securities and Exchange Commission (SEC).It also gave the green light to a proposed partnership venturebetween New Orleans-based Entergy Corp. and privately held KochIndustries Inc. to be called Entergy-Koch L.P.

November 22, 2000

Nevada Electric Utilities To Sell Power Plants

Preparing for the advent of electric industry restructuring inNevada and a pending merger with Portland General, Sierra PacificResources’ two Nevada power utilities have begun the process ofselling off nearly a billion dollars of fossil-fuel generationplants in a two phase auction seeking preliminary, nonbinding bidsby next month. Book value collectively is just under $1 billion, aSierra Pacific spokesperson said.

March 13, 2000

Nevada Electric Utilities to Sell Power Plants

Preparing for the advent of electric industry restructuring inNevada and another pending merger with Portland General, SierraPacific Resources’ two Nevada power utilities have begun theprocess of selling off nearly a billion dollars of fossil-fuelgeneration plants in a two phase auction seeking preliminary,nonbinding bids by next month. Book value collectively is “justunder $1 billion,” a Sierra Pacific spokesperson said.

March 8, 2000

PNGTS Holds Open Season for HubLine

Portland Natural Gas Transmission System is holding an open season through Oct. 22 on its PNGTS Pipeline to elicit interest regarding new transportation services such as access to an interconnect with Algonquin’s HubLine project and consequently, to the lucrative Boston power generation market.

October 4, 1999

PNGTS Holds Open Season for HubLine

Portland Natural Gas Transmission System will hold an openseason from Oct. 1 to Oct. 22 on its PNGTS Pipeline to elicitinterest regarding new transportation services such as access to aninterconnect with Algonquin’s HubLine project, and consequently, tothe lucrative Boston power generation market.

September 30, 1999

Industry Briefs

Providence Energy subsidiary ProvGas is providing remote systemcontrol and monitoring services for the Portland Natural GasTransmission System (PNGTS) – a new 272-mile pipeline that runsfrom Quebec to Massachusetts. ProvGas began providing 24-hourremote electronic monitoring of the pipeline from its Allens Avenuefacility shortly after the pipeline began operating on March 10.ProvGas will monitor the pipeline using a sophisticated SystemsControl and Data Acquisition (SCADA) system to watch the portion ofthe pipeline that runs from Pittsburgh, NH, on the Quebec border,to Westbrook, ME. The line can transport 178 MMcf/d of gas.

May 14, 1999

PNGTS Trying to Complete Construction by February

Portland Natural Gas Transmission System isn’t going to make itssecond start-up deadline this month, but officials are promising tobe in service in early February. The pipeline originally expected152 MMcf/d of Canadian gas would begin flowing to New Englandmarkets last November.

January 7, 1999

Maine Winter Deliveries Endangered

Unless an extra contractor is hired, the joint Maritimes &Northeast (M&NE) and Portland Natural Gas Transmission (PNGTS)pipeline will not be able to start service to Maine this winter asplanned.

August 13, 1998

PNGTS Begins Construction

Portland Natural Gas Transmission System (PNGTS) beganconstruction of its 292-mile pipeline system. “We remain confidentthat PNGTS will be fully operational this fall, bringing thebenefits of this important new energy project to customersthroughout New England,” said Michael A. Minkos, president of PNGTSOperating Co.

June 12, 1998

PNGTS, Maritimes Begin Laying Pipe

Portland Natural Gas Transmission System (PNGTS) and Maritimes& Northeast Pipeline, L.L.C. (Maritimes) successfully crossedthe first major engineering hurdle in constructing their jointpipeline facilities, which represent the southernmost portion ofeach company’s pipeline system. The joint facilities eventuallywill bring more than 600 MMcf/d of Canadian gas to New Englandmarkets.

June 2, 1998