While Washington D.C.-based trade groups for gas pipelines andLDCs have had some defections recently, the association for majorgas producers anticipates a small rise in its membership for nextyear.
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Peoples Doubles Production With Koch Purchase
Demonstrating its intent to build a strong production portfolio,Peoples Energy recently announced a purchase of 50% interest in SanJuan Basin coalbed methane producing territories from KochIndustries for $47 million. The purchase not only introduces theChicago-based company as a player in the basin, it also doubles theamount of its fledgling production business from 15 MMcf/d to 30MMcf/d.
Peoples Doubles Production with Koch Purchase
Demonstrating its intent to build a strong production portfolio,Peoples Energy recently announced a purchase of 50% interest in SanJuan Basin coalbed methane producing territories from KochIndustries for $47 million. The purchase not only introduces theChicago-based company as a player in the basin, it also doubles theamount of its fledgling production business from 15 MMcf/d to 30MMcf/d.
NY Senate Majority: Eliminate Gross Receipts Tax
New York state’s senate majority revealed a proposal recently toeliminate the gross receipts tax (GRT) on gas and electricity. Theproposal will be included in the senate majority’s tax reductionplan for the 2000 session, which will convene in January. JosephBruno, the senate majority leader, announced the proposal in aspeech before the New York State Economic Development Council lastweek.
NY Senate Majority: Eliminate Gross Receipts Tax
New York state’s senate majority revealed a proposal recently toeliminate the gross receipts tax (GRT) on gas and electricity. Theproposal will be included in the senate majority’s tax reductionplan for the 2000 session, which will convene in January. JosephBruno, the senate majority leader, announced the proposal in aspeech before the New York State Economic Development Council lastweek.
Bangor Hydro to Sell Its 50% Share of Bangor Gas
Bangor Hydro-Electric Co. announced plans to sell its 50% stakein Bangor Gas, the recently formed local distribution company thatwill deliver Sable Island gas to retail customers in the state ofMaine once the Maritimes pipeline begins service this winter.Sempra Energy owns the other half of the company, which was formedin 1997 to distribute gas production to customers in and aroundBangor and other cities in Maine.
Reliant Plans for Peaking Facility in Illinois
Reliant Energy recently announced plans to construct a 340 MWpeaking plant in Shelby County, IL. The company has signed anoption agreement on an 80-acre parcel of land about 20 milessoutheast of Shelbyville, IL, near the town of Neoga.
Bangor Hydro to Sell Its 50% Share of Bangor Gas
Bangor Hydro-Electric Co. announced plans to sell its 50% stakein Bangor Gas, the recently formed local distribution company thatwill deliver Sable Island gas to retail customers in the state ofMaine once the Maritimes pipeline begins service this winter.Sempra Energy owns the other half of the company, which was formedin 1997 to distribute gas production to customers in and aroundBangor and other cities in Maine.
Post DuPont, Conoco Resumes Advertising
Houston-based Conoco, which recently came out from under thewing of DuPont, launched a corporate advertising campaign that willtout its ability to compete against the “super-majors.” Conococompleted its separation in August and returned to the New YorkStock Exchange, trading under the symbols COC.A and COC.B.
Post DuPont, Conoco Resumes Advertising
Houston-based Conoco, which recently came from under the wing ofDuPont, launched a corporate advertising campaign that will toutits ability to compete against the “super-majors.” Conoco completedits separation in August and returned to the New York StockExchange, trading under the symbols COC.A and COC.B.