Robert

PG&E Corp. CEO Robert Glynn told financial analysts Wednesday that he sees “much more certainty” for his company now than there was a year earlier. He envisions 2002 as a year in which PG&E’s major utility subsidiary clears bankruptcy, some assets are sold and the regulatory climate stabilizes even if market volatility does not.

PG&E Corp. CEO Robert Glynn told financial analysts Wednesday that he sees “much more certainty” for his company today than there was a year earlier. He envisions 2002 as a year in which PG&E’s major utility subsidiary clears bankruptcy, some assets are sold and the regulatory climate stabilizes even if market volatility does not.

John N. Seitz, president and COO of leading independent Anadarko Petroleum Corp., has been elected CEO by the board. Robert J. Allison , now chairman and CEO, will retain his chairman of the board position. “John has been an instrumental part of Anadarko’s tremendous success with exploration and development drilling for more than 20 years and he will now be the chief executive of the company,” said Allison. “I’m proud of what we have achieved for shareholders.” Allison also said he intends to be a full-time, active chairman and has no immediate plans for retirement. Allison joined Anadarko in 1973 as vice president of operations and was promoted to president in 1976 and CEO in 1979. He took on the additional role of chairman when Anadarko was spun off from Panhandle Eastern in 1986. Seitz joined Anadarko in 1977 as an exploration geologist and was named vice president of exploration and production operations in 1989 and promoted to executive vice president of exploration and production and elected to the company’s board in 1997. In 1999, Seitz was promoted to president and COO. Seitz will host investor meetings in New York City, Boston and Denver next week to discuss his views on the industry and Anadarko’s preliminary capital spending plans for 2002. For details of the meetings or copies of the presentation, visit the web site at www.anadarko.com

John N. Seitz, president and COO of leading independent Anadarko Petroleum Corp., has been elected CEO by the board. Robert J. Allison, now chairman and CEO, will retain his chairman of the board position. “John has been an instrumental part of Anadarko’s tremendous success with exploration and development drilling for more than 20 years and he will now be the chief executive of the company,” said Allison. “I’m proud of what we have achieved for shareholders.” Allison also said he intends to be a full-time, active chairman and has no immediate plans for retirement. Allison joined Anadarko in 1973 as vice president of operations and was promoted to president in 1976 and CEO in 1979. He took on the additional role of chairman when Anadarko was spun off from Panhandle Eastern in 1986. Seitz joined Anadarko in 1977 as an exploration geologist and was named vice president of exploration and production operations in 1989 and promoted to executive vice president of exploration and production and elected to the company’s board in 1997. In 1999, Seitz was promoted to president and COO. Seitz will host investor meetings in New York City, Boston and Denver next week to discuss his views on the industry and Anadarko’s preliminary capital spending plans for 2002. For details of the meetings or copies of the presentation, visit the web site at www.anadarko.com

Despite the volatility the natural gas market has experienced over the last few weeks, Anadarko CEO Robert J. Allison, Jr. assured attendees at the tenth annual John S. Herold Pacesetters Energy Conference in Greenwich, CT, that his company has not made any major changes in its business plan. He added that just like they always do, “gas markets will self-correct.”

Despite the volatility the natural gas market has experienced over the last few weeks, Anadarko CEO Robert J. Allison, Jr. assured attendees at the tenth annual Herold Pacesetters Energy Conference in Greenwich, CT that his company has not made any major changes in its business plan. He added that just like they always do, “Gas markets will self-correct.”

FERC Chairman Pat Wood III has named four top aides to his staff: Lawrence D. Crocker III, Robert E. Gramlich, Alison Silverstein and Andrew K. Soto.

FERC Chairman Pat Wood III has named four top aides to his staff: Lawrence D. Crocker III, Robert E. Gramlich, Alison Silverstein and Andrew K. Soto.

Anadarko CEO Robert J. Allison, speaking at last week’s Rocky Mountain Natural Gas Strategy Conference, said he believes that in the long term, natural gas prices will stabilize in the $4-$6 Mcf range, although he noted that “$3 is still a pretty darn good gas price” in the overall scheme of things.