Projects

Excelergy, a software solutions company that is currentlyinvolved in projects with Altra, Southern California Gas Co. andEastern Enterprises, announced yesterday that it plans to gopublic. The Boston-based company filed its registration statementwith the SEC last week. All of the company’s shares are beingtendered for sale, Excelergy said. It intends to use the netproceeds for general corporate purposes including working capitaland potential acquisitions. The company specializes in billing andcustomer information software applications. Current products on themarket include the ABP 3000 customer relationship management andbilling software, the eXACT family of business-to-businesstransaction management solutions and the e-Choice NetInternet-based consumer choice solution. When available, copies ofthe preliminary prospectus may be obtained by the IPO’sunderwriter, Deutsche Banc Alex. Brown.

Duke Energy North America (DENA) announced the start ofconstruction of three new merchant generation projects totaling1,500 MW. At full capacity, each plant will burn about 3,300MMBtu/hour. In a fourth deal, DENA announced the sale of itsremaining 78.5% interest in the 500 MW Hidalgo Energy Facility toan affiliate of Calpine Corp. for $235 million.

Vermont Gov. Howard Dean last week voiced strong opposition to a$100 million gas pipeline project and two power plants proposed inhis state. The governor’s position, local opposition and financingtroubles for the power plants have left project planners EnergyEast, Iroquois Gas Pipeline and Vermont Energy Park Holdings withvery few options.

Vermont Gov. Howard Dean this week voiced strong opposition to a$100 million gas pipeline project and two power plants proposed inhis state. The governor’s position, local opposition and financingtroubles for the power plants have left project planners EnergyEast, Iroquois Gas Pipeline and Vermont Energy Park Holdings withvery few options.

Duke Energy North America (DENA) announced the start ofconstruction of three new merchant generation projects totaling1,500 MW. At full capacity, each plant will burn about 3,300MMBtu/hour. In a fourth deal, DENA announced the sale of itsremaining 78.5% interest in the 500 MW Hidalgo Energy Facility toan affiliate of Calpine Corp. for $235 million.

Dynegy Inc., which has teamed up with NRG Energy in westernstate power generation projects, has added a new connection,selling NRG a 50% interest in its Rocky Road Power Plant, a 250 MWnatural gas-fired, simple-cycle peaking facility in East Dundee,IL.

Dynegy Inc., which has teamed up with NRG Energy in westernstate power generation projects, has added a new connection,selling NRG a 50% interest in its Rocky Road Power Plant, a 250 MWnatural gas-fired, simple-cycle peaking facility in East Dundee,IL.

As FERC last week was delivering bad news to the Northeast-boundIndependence Pipeline and associated SupplyLink and MarketLinkprojects, the Commission staff was delivering a report to CapitolHill that concluded new pipeline capacity may be needed for theregion within the next three to five years. It didn’t specify howmuch capacity though (See related story).

Packaged Ice Inc. plans to outsource energy management of 60U.S. ice manufacturing facilities to Enron Energy Services (EES).Enron will evaluate and implement capital projects related toPackaged Ice’s “private utility” to increase productivity andefficiency of the plants. Enron also will provide electricity ormanage energy procurement at the facilities.