Energy America, Centrica’s U.S. retail gas marketing subsidiary, is calling it quits in the Georgia retail gas market after struggling to build its customer base there last year and then being hit with a fine and other penalties last month by the Georgia Public Service Commission (PSC) for slamming.
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Quicksilver, EnCana Agree to Split Assets, Pursue Separate CBM Strategies in Canada
EnCana Corp. and MGV Energy Inc., the Canadian subsidiary of Quicksilver Resources Inc., are calling it quits on a joint coalbed methane (CBM) venture that to date has successfully drilled 175 wells in southern Alberta.
Quicksilver, EnCana Agree to Split Assets, Pursue Separate CBM Strategies in Canada
EnCana Corp. and MGV Energy Inc., the Canadian subsidiary of Quicksilver Resources Inc., are calling it quits on a joint coalbed methane (CBM) venture that to date has successfully drilled 175 wells in southern Alberta.
Constellation CEO Expects More Marketers to Call It Quits in Long-Term Shakeout
Constellation Energy Group CEO Mayo Shattuck expects the shakeout in the energy marketing and trading business to take up to two years and to bring down several more of Constellation’s competitors in that time period.
Cinergy, Duke Call it Quits on Joint Generating Co.
Cinergy Capital and Trading Inc. and Duke Energy North America (DENA) reported late last week that they have signed an agreement through their respective subsidiaries to dissolve VMC Generating Co. Through the 50/50 general partnership that was formed in September 1999, VMC owns 100% of CinCap VII LLC (Cadiz), Duke Energy Vermillion LLC and Duke Energy Madison LLC.
Cinergy, Duke Call it Quits on Joint Generating Co.
Cinergy Capital and Trading Inc. and Duke Energy North America (DENA) reported late last week that they have signed an agreement through their respective subsidiaries to dissolve VMC Generating Co. Through the 50/50 general partnership that was formed in September 1999, VMC owns 100% of CinCap VII LLC (Cadiz), Duke Energy Vermillion LLC, and Duke Energy Madison LLC.
Senate Calls It Quits on Electric Bill This Year
Unable to end a stalemate over two key issues, Republican andDemocrat leaders of the Senate Energy and Natural ResourcesCommittee sent up a white flag yesterday conceding defeat in theirstruggle to pass comprehensive electricity restructuringlegislation this year. But to show that their efforts weren’tentirely in vain, they voted out a stripped-down reliability bill,which supporters say will provide relief to the bulk power marketas early as this summer.