NGC Corp. announced it is reorganizing its marketing and tradingoperations to reflect continued convergence of the gas and powerindustries and to “meet growing and different customer demands fora single source supplier.” In particular, the company announcedplans to combine the trading functions of Natural Gas Clearinghouseand Electric Clearinghouse, its gas and power marketing operations,and to make its gas liquids business a separate enterprise.
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NGC Results Reflect Stronger Marketing
Despite an El Nino winter and lower gas liquids prices, NGCCorp. enjoyed a first quarter substantially better than one yearago. CEO Chuck Watson attributed the improvement to better gas andliquids marketing operations in the U.S. and the U.K.
April 30, 1998