Recommended

The board of the Washington, D.C. transit authority for thefirst time has recommended the purchase of 100 buses fueled bycompressed natural gas, a breakthrough hailed by the Natural GasVehicle Coalition (NGVC) as part of a growing trend.

The board of the Washington, D.C. transit authority for the first time has recommended the purchase of 100 buses fueled by compressed natural gas, a breakthrough hailed by the Natural Gas Vehicle Coalition (NGVC) as part of a growing trend.

The Department of Energy’s Office of Policy yesterdayrecommended streamlining the federal government’s process forapproving new natural gas storage capacity and pipelines bound forthe Northeast in an attempt to reduce the region’s dependence onheating oil and prevent a recurrence of price spikes.

Vastar Resources Inc.’s board of directors last week unanimouslyrecommended approval of a $83/share cash merger offer from BPAmoco. London-based BP Amoco already owns 81.9% of Vastar’s commonstock, acquired through last month’s completed merger with AtlanticRichfield Co. BP Amoco would acquire 18.1%, or 17.7 million shares,of Vastar common stock that is now publicly held.

Vastar Resources Inc.’s board of directors yesterday unanimouslyrecommended approval of a $83-per-share cash merger offer from BPAmoco. London-based BP Amoco already owns 81.9% of Vastar’s commonstock, acquired through last month’s completed merger with AtlanticRichfield Co. BP Amoco would acquire 18.1%, or approximately 17.7million shares, of Vastar common stock that is now publicly held.

FERC staff has recommended that the full Commission approve anaccord under which El Paso Natural Gas has agreed to pay SouthernCalifornia Edison $32 million and make certain rate concessions topreserve its 1996 capacity-turnback settlement.

A California Public Utility Commission administrative law judgehas recommended approval of the proposed Pacific Enterprises-EnovaCorp. merger, citing potential savings of $288 million spread overfive years and divided equally between ratepayers and shareholders.