Reorganizing

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.

Cinergy Corp. is reorganizing its power and gas tradingoperations in the wake of former President J. Wayne Leonard’sdeparture to Entergy Corp. Cinergy has named Madeleine W. Ludlow,currently vice president and chief financial officer, to be the newpresident of Cinergy Capital and Trading and announced Michael J.Cyrus, an executive with Electric Clearinghouse, will becomeexecutive vice president, overseeing power trading operations.