power

Kansas City Power & Light Co. (KCPL) threw down its bouquetlast week, canceling its proposed merger with the financiallytroubled Western Resources citing doubts about Western’s growth andincreasing shareholder opposition to the transaction. KCPL canceledthe merger using a stipulation in the original agreement requiringthe merger to have all regulatory approvals completed by Dec. 31,1999. The merger suffered from regulatory delays and never receiveda final okay from FERC.

Kansas City Power & Light Co. (KCPL) threw in the whitetowel earlier this week, canceling its proposed merger with thefinancially troubled Western Resources citing doubts aboutWestern’s growth and increasing shareholder opposition to thetransaction. KCPL canceled the merger using a stipulation in theoriginal agreement requiring the merger to have all regulatoryapprovals completed by Dec. 31, 1999. The merger suffered fromregulatory delays and never received a final okay from the FederalEnergy Regulatory Commission.

GE Power Systems expanded its turbine manufacturing force withyesterday’s announced purchase of Weatherford Global CompressionServices’ Gemini division. Financial terms of the acquisition werenot disclosed.

Canadian natural gas exporters have wasted no time in takingadvantage of their new power to shop around for markets as a resultof expanded pipelines.

Faced with the possibility of loosing its electric marketinglicense in New Jersey because of seedy marketing maneuvers,Sempra’s Energy America cut a deal with the state’s Board of PublicUtilities last week, agreeing to halt its marketing efforts for athree-week span, retrain its agents and stop all “unconscionablemarketing tactics.”

Canadian natural gas exporters have wasted no time in takingadvantage of their new power to shop around for markets as a resultof expanded pipelines.

Average on-site energy consumption per household dropped by 27%between 1978 and 1997 while the number of U.S. households increasedby 33%, resulting in no change in total on-site residential energyconsumption over that 20-year period, according to a report fromthe Energy Information Administration (EIA). If the amount ofprimary energy required to generate and transmit the electricityconsumed by households is considered, then the decline inper-household energy consumption is only 16% because electricity’sshare of total household energy consumption increased between 1978and 1997.

Public Service Co. of Colorado and Cheyenne (WY) Light Fuel andPower will continue to refuse imbalance payback gas at leastthrough today’s gas day. If operational constraints from warmregional weather continue, the two utilities said, the paybackrestriction will be extended.

ANR Pipeline proposes to establish two new transportationservices to meet the hourly natural gas demands of powergenerators, primarily in the Midwest market.