Process

Western Undeterred By Grueling Regulatory Process

Expressing frustration but continuing its resolve, Texas-basedWestern Hub Properties is ironing out some “technical issues” offinancing with California regulators and now expects to startconstruction in February on its delayed Lodi gas storage field innorthern California.

November 17, 2000

Allegheny to Acquire 1,710 MW From Enron

Allegheny Energy Supply LLC is currently in the process ofadding 1,710 MW to its ever increasing electric generationportfolio, the company announced yesterday. Allegheny Energy’sunregulated subsidiary reported that it has entered into adefinitive agreement with Enron North America to acquire three ofthe company’s natural gas-fired power generating facilities in theMidwest for an undisclosed amount.

November 15, 2000

Williams to Gather, Process Deepwater Production

Williams has been selected in a “landmark transaction” toinstall the infrastructure, including gathering lines and onshoreprocessing, to service new deep water development in the Nansen andBoombang Fields in the East Breaks area of the Gulf of Mexico.

October 16, 2000

Williams to Gather, Process Deepwater Production

Williams has been selected in a “landmark transaction” toinstall the infrastructure, including gathering lines and onshoreprocessing, to service new deep water development in the Nansen andBoombang Fields in the East Breaks area of the Gulf of Mexico.

October 11, 2000

Texas, Mexico Begin Work on Bilateral Agreement

Texas and Mexico are working on a collaborative agreement thatwould establish a natural gas and liquids pipeline permittingprocess for potential future projects.

September 11, 2000

TransCanada Accepting STFT Bids

TransCanada has posted short-term firm transportation servicefor November 2000 through March 2001, and is accepting bids through3 p.m. MDT today. Because TransCanada does not yet have NationalEnergy Board-approved tolls beyond the end of 2000, all of the bidsfor capacity may be adjusted for bids that extend beyond Jan. 1.

August 31, 2000

PG&E Values Hydroelectric System at $2.8 B

Abandoning a slower, ongoing auction process under way at theCalifornia Public Utilities Commission, Pacific Gas and ElectricCo. Wednesday asked state regulators to okay a $2.8 billion valuefor its 3,896-MW hydroelectric generating system and its transferto a nonutility PG&E affiliate. PG&E’s utility said it hasreached a settlement with water, consumer, agricultural and utilityemployee union groups.

August 11, 2000

MPSC Takes Step Towards NG Choice

The Michigan Public Service Commission (MPSC) is in the processof expanding on a pilot program to provide all natural gascustomers in the state with the choice of suppliers. The MPSC staffis meeting with Michigan Consolidated Gas, Consumers Energy, SEMCOEnergy Gas and all other interested parties to formulate a uniformset of terms and conditions for natural gas customer choice.

August 7, 2000

NGPL Extends Contracts With NIPSCO

Natural Gas Pipeline Company of America (NGPL) continues to movethrough the recontracting process like a hot knife through butter.Since Kinder Morgan took over NGPL parent KN Energy last year, theinterstate pipeline subsidiary has signed multiple agreements andcontract extensions for gas transportation and storage with itsmajor shippers in the Midwest, including another deal announcedlast week with Northern Indiana Public Service (NIPSCO).

July 24, 2000

NGPL Extends Contracts with NIPSCO

Natural Gas Pipeline Company of America (NGPL) continues to movethrough the recontracting process like a hot knife through butter.Since Kinder Morgan took over NGPL parent KN Energy last year, theinterstate pipeline subsidiary has signed multiple agreements andcontract extensions for gas transportation and storage with itsmajor shippers in the Midwest, including another deal announcedyesterday with Northern Indiana Public Service (NIPSCO).

July 19, 2000