Revenue

For the first time in the last eight quarters, Chesapeake EnergyCorp. of Oklahoma City, OK, turned a profit. The improvement was inspite of decreased production.

Small scale power generation revenues are poised for growth,according to a new study by Business Communications Co. Revenueswere estimated at $4.2 billion in 1998 and are expected to grow atan average annual rate of 32.1% to pass $16 billion in 2003.

The Canadian Province of Nova Scotia told FERC it is concernedit could loose royalty revenue and pay higher rates on theMaritimes and Northeast pipeline as a result of Maritimes recentrequest to defer Phase I pipeline construction costs and servicefor one year. Maritimes told FERC last month its only Phase Ishipper, affiliate Duke Energy, exercised a provision in itscontract with the pipeline allowing it to defer using its firmtransportation on the line by a year.