Revival

The Yukon Territory’s new Liberal government has stepped forwardto go to bat for a revival of the dormant Alaska Natural GasTransportation System (ANGTS) as its enthusiastic choice for anorthern pipeline project.

Once relegated to auction block status, Kinder Morgan’s MidConTexas Pipeline (MTP) continued its revival last week by renewingits gas sales and transportation contract with Reliant EnergyHL&P through March 1, 2004. Additionally, MTP has entered intoa new transportation services agreement with Reliant EnergyHL&P beginning in 2002 and extending through 2012.

Once relegated to auction block status, Kinder Morgan’s MidConTexas Pipeline (MTP) continued its revival last week by renewingits gas sales and transportation contract with Reliant EnergyHL&P through March 1, 2004. Additionally, MTP has entered intoa new transportation services agreement with Reliant EnergyHL&P beginning in 2002 and extending through 2012.

Increasing competitive pressure inside traditional monopolyutility market territories has triggered somewhat of a revival ofinvestment diversification by gas and electric utilities. But theseinvestments are not what they’re cracked up to be, according toenergy consulting firm Metzler Services, a subsidiary of Metzler&amp Associates. Non-core investments, including internationalventures, did not payoff over the year ended last September,Metzler calculated in its third quarter Flashreport, released lastweek.