Yankee Signs With TransCanada

Yankee Gas Services Co. the local distribution arm of YankeeEnergy System Inc., has reached an agreement for TransCanada GasServices Inc. (TCGS) to supply gas, pipeline capacity and storageoptimization for three years. Yankee Gas is the largest LDC inConnecticut, delivering more than 50 Bcf of gas annually to 68communities and 183,000 customers.

October 20, 1998

Spirit Energy Selling MI Properties

Spirit Energy 76, Unocal Corp.’s Lower 48 exploration andproduction unit reached a definitive agreement to sellsubstantially all of its oil and gas assets in Michigan to NewstarEnergy USA Inc. and Omimex Energy Inc. for about $37.25 million incash and 670,000 shares of stock in Newstar Resources, the parentcompany of Newstar Energy.

October 5, 1998

SEC Nabs PGE Director for Insider Trading

The Securities and Exchange Commission announced yesterday ithas simultaneously sued and reached settlement with a formerdirector of Portland General Corp. and his friend for insidertrading in connection with the July 1996 merger of the Oregonelectricity company and Enron Corp.

October 2, 1998

Atlanta Gas Light Services Agrees to New Name

Atlanta Gas Light Services, the retail marketing subsidiary ofGeorgia LDC Atlanta Gas Light, reached a compromise with retailmarketers and state regulators Wednesday, and agreed to change itsname to Georgia Natural Gas Services. The company will retain theuse of its flame logo, however.

August 21, 1998

Canadian Producers to Acquire Pan-Alberta Gas

Pool marketer Pan-Alberta Gas and a consortium of sevenproducing companies have reached agreement on the terms under whichthe marketing company will be offered for sale to the more than 435Canadian producers in the pool. The announcement of the agreementconfirmed earlier reports that a Canadian coalition was expected towin out over bids from major U.S. marketers.

August 10, 1998

Evergreen Increases Stake in Raton Basin

Evergreen Resources Inc. last week reached an agreement toacquire Amoco Production’s oil and gas interests in the Raton Basinof Colorado, resolving current litigation matters between the twoproducers.

July 6, 1998

OK Production Dips to 20-Year Low

Statistics recently released by the Oklahoma CorporationCommission (OCC) show gas production in the state last year reachedits lowest level since 1968. However, OCC Commissioner Bob Anthonysaid he sees no cause for alarm and expects little or no furthererosion in production this year forward.

June 9, 1998

EIA Sees Pipeline Capacity, Utilization Up

The capacity of natural gas pipelines reached an all-time highof more than 84 Bcf/d or 30.7 Tcf/year in 1997, according to areported released Friday by the Energy Information Administration.”This represents a 15% increase over installed capacity reported in1990,” EIA said in a report: “Deliverability on the InterstateNatural Gas Pipeline System.” Flowing gas increased 24% between1990 and 1996, resulting in a record high 75% utilization rate,while U.S. consumption grew by 17%, fed by a doubling of imports.U.S. production increased 6%.

May 18, 1998
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