Confirming rumors swirling around the industry last week, Duke Energy announced late Thursday that it is restructuring its Duke Energy North America (DENA) business, naming a new leadership team and consolidating the company’s trading and marketing operations in its Houston office.
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Duke Energy North America Restructures; Consolidates Trading Operations to Houston
Confirming rumors swirling around the industry Thursday, Duke Energy announced late in the afternoon that it is restructuring its Duke Energy North America (DENA) business, naming a new leadership team and consolidating the company’s trading and marketing operations in its Houston office.
El Paso Restructures Management
In an effort to conform with recently published guidelines from the New York Stock Exchange and stay current with the evolving industry environment, El Paso Corp. said Monday it has restructured some of its executive management. The management changes come days after the company was found guilty of withholding natural gas supplies during the California energy crisis of winter 2000-2001 (see Daily GPI, Sept. 24).
NiSource Restructures Management to Stay Competitive
NiSource is making some of the last remaining organizational changes since it bought Columbia Energy Group two years ago, announcing actions last week to reduce the size of its management structure. Under the plan, the streamlining will move executive management closer to customers and promote efficiency while lowering costs in response.
Dynegy Restructures but Fails to Sway Ratings Agencies
Despite launching an ambitious restructuring plan to boost liquidity by $2 billion and carry it safely into 2003, Dynegy was hit with further downgrades by all three credit ratings’ services, and its stock dipped precipitously low as the week progressed.
Southern Restructures Businesses, Dahlberg Retires
“The times, they are a-changing” could be Southern Company’smotto after a recent blitz of reorganization. The company reportedthat its board of directors approved the long-awaited spin-off ofMirant Corp. – formerly known as Southern Energy – and ChairmanA.W. “Bill” Dahlberg is retiring upon completion of thetransaction.
Southern Restructures Businesses, Dahlberg Retires
“The times, they are a-changing” could be Southern Company’smotto after a recent blitz of reorganization. The company reportedthat its board of directors approved the long-awaited spin-off ofMirant Corp. — formerly known as Southern Energy — and ChairmanA.W. “Bill” Dahlberg is retiring upon completion of thetransaction.
Cinergy Restructures; Plans 330 MW Project
As the nation continues to creep warily forward into natural gasand electricity deregulation on all fronts, Cinergy Corp.understands that in order to take advantage of the full potentialof its companies it must change as well. The company announcedyesterday that it is embracing a new organizational structure thatwill increase the autonomy of its subsidiaries and focus on thegrowing importance of non-regulated markets.
Cinergy Restructures; Plans 330 MW Project
As the nation continues to creep warily forward into natural gasand electricity deregulation on all fronts, Cinergy Corp.understands that in order to take advantage of the full potentialof its companies it must change as well. The company announcedyesterday that it is embracing a new organizational structure thatwill increase the autonomy of its subsidiaries and focus on thegrowing importance of non-regulated markets.
FERC Restructures California Power Market
Responding to a California power market gone haywire and teetering on the brink of operational and financial disaster, FERC Friday issued a series of remedial measures, virtually stripping the Cal-PX and Cal-ISO of their control of the market and calling market stakeholders together to negotiate bilateral forward contracts.