WGL Holdings is the new the parent company of Washington GasLight Co., a regulated natural gas utility that serves over 875,000customers in Washington D.C., and other subsidiaries formerly underWashington Gas before this restructuring. “The creation of this newstructure strengthens our competitive position in the new energyera,” said James H. DeGraffenreidt, Jr., CEO of WGL Holdings. “Itprovides greater financial and regulatory flexibility and enhancesour ability to continue improving our utility operations andgrowing profitable energy-related retail businesses.”
Regulated
Articles from Regulated
El Paso Seeks Delay on Capacity-Allocation Plan
While most regulated companies have called a cease-fire at FERCduring the holidays, El Paso Natural Gas and its principaldetractors — Amoco Production and Burlington Resources Oil &Gas — are hard at work. For starters, the pipeline has asked theCommission to give it until February to submit a proposal forrevising its controversial capacity-allocation procedures.
Industry Briefs
Reliant Energy Retail Group and Luby’s Restaurants LP of SanAntonio, TX, made a multi-year energy services agreement fornon-regulated Reliant Energy Solutions Inc. to develop andimplement a comprehensive energy management services program forall Luby’s locations in the United States.
TransCanada President Sees More Belt Tightening
Expect additional staff reductions, office closures andregulated rate changes in the near future at TransCanada PipeLines,Gary Mihaichuk, president of transmission, said in an interviewwith NGI last week.
TransCanada President Sees More Belt Tightening
Expect additional staff reductions, office closures andregulated rate changes in the near future at TransCanada PipeLines,Gary Mihaichuk, president of transmission, said in an interviewwith NGI this week.
OCC, ONG Agree on Assets to Unbundle
The Oklahoma Corporation Commission (OCC) and Oklahoma NaturalGas Co. (ONG) hammered out which of the LDC’s transmission anddistribution assets will be regulated and which will be unregulatedand open to competitive bidding. Once sufficient competition existsin the marketplace, competitors will bid to provide service usingthe unbundled assets. Unbundled assets are to be removed from ONG’srate base.
People
Consolidated Natural Gas announced that Ronald L. Adams, seniorvice president, regulated business, has decided to leave thecompany effective Sept. 1, triggering an interim managementrestructuring for local gas distribution, pipelines and storageuntil the previously announced merger with Dominion Resources iscompleted. As a result, the following personnel appointments havebeen made: Jimmy D. Staton, has been appointed senior vicepresident, distribution operations; Gary L. Sypolt, has beenappointed senior vice president, pipeline operations; Paul D.Koonce, has been named senior vice president, commercialoperations; and William A. Fox has been named senior vicepresident, Virginia gas distribution.
SCANA, PSNC Joining Carolina Forces
Columbia, SC-based SCANA Corp. nearly doubled its regulated gascustomer base in the fast-growing Carolinas last week with thepurchase of Public Service Company of North Carolina (PSNC) for$900 million, including the assumption of about $250 million inPSNC debt. The combination will serve 517,000 electric, 760,000 gascustomers in the Carolinas and Georgia and 350,000telecommunications customers throughout the Southeast. Total annualrevenues for the combined company will be about $2 billion andmarket capitalization will be about $6 billion.
SCANA, PSNC Form Southeast Powerhouse
Columbia, SC-based SCANA Corp. nearly doubled its regulated gascustomer base in the fast-growing Carolinas yesterday with thepurchase of Public Service Company of North Carolina (PSNC) for$900 million, including the assumption of about $250 million inPSNC debt. The combination will serve 517,000 electric, 760,000 gascustomers in the Carolinas and Georgia and 350,000telecommunications customers throughout the Southeast. Total annualrevenues for the combined company will be about $2 billion andmarket capitalization will be about $6 billion.
ONEOK To Sell Assets To Duke Field Services
Duke Energy Field Services has agreed to purchase percentageinterests in several non-regulated natural gas gathering systemsand processing plants from subsidiaries of ONEOK Inc., and hascommitted to build a natural gas processing plant with ONEOK insouthern Oklahoma.