Utility stocks have been heating up in recent weeks, and MerrillLynch is jumping on the bandwagon with a proposal to invest up to$1 billion in a new trading vehicle, Utilities Holdrs (UTH), madeup of the stocks of 20 utility companies.
Proposal
Articles from Proposal
ANR Amends Proposal To Expand into Wisconsin
ANR blamed FERC’s decision to withhold a certificate for ANR’s SupplyLinkexpansion until it can show market need, and the decisions of one shipperto drop out of the Phase II project and another to defer service for ayear for delaying part of the construction (See NGI Dec.20, 1999).
FERC OKs Transwestern’s Gallup Expansion
FERC yesterday conditionally approved Transwestern Pipeline’sproposal to build a new Gallup compressor station on the San Juanlateral near its mainline and to install cooling equipment at twoexisting compressor stations also on the lateral.
ANR Amends Proposal to Expand into Wisconsin
Due to unforeseen circumstances that haven’t been in its favor,ANR Pipeline has asked FERC for permission to phase in constructionof the proposed Phase II expansion of its system between theJoliet, IL, hub and market areas in southeastern Wisconsin.
Southern LNG Georgia Facility Back in Business
FERC last week awarded Southern LNG Inc. a preliminarydetermination (PD) on the non-environmental aspects of its proposalto build new facilities and re-activate its liquefied natural gasterminal on Elba Island, GA to handle imports equaling 330 MMcf/d.
Southern Fails to Delay Southwest-Oneok Merger
Southern Union’s plan to take its merger proposal straight toSouthwest Gas shareholders was dismantled Monday, as SouthernUnion’s two court actions intended on delaying the merger betweenSouthwest and Oneok were rejected. Southwest Gas shareholders areexpected to vote in favor of the merger today. Southern Uniondeclined to comment.
Energy.com Putting RFP System on the Web
Energy.com Corp. of Columbus, OH, is preparing to launch eBID,an on-line Request for Proposal (RFP) system through its web siteat www.energy.com. The web-based interactive RFP process will allowcommercial and industrial businesses to shop for the best energysource on-line. Energy.com’s eBID is scheduled to launch later thismonth.
TU Backing Texas Electric Deregulation Bill Now in House
Dallas-based Texas Utilities supports a bill to deregulateTexas’ $19 billion electric industry. The proposal was passed lastweek by the House State Affairs Committee by a vote of 13 to 2 andnow goes to the full House for consideration.
TU Backing Texas Deregulation Bill Now in House
Dallas-based Texas Utilities said it supports a bill toderegulate Texas’ $19 billion electric industry. The proposal waspassed Wednesday by the House State Affairs Committee by a vote of13 to 2 and now goes to the full House for consideration.
Reliant Energy Launches Hourly Gas Transport for Electrics
Reliant Energy Gas Transmission has filed the first-everpipeline transportation proposal for an hourly service and rates tomeet the increasing swing load and peaking needs of the powergeneration industry.