Dynegy is making a reality of its promise to increase its powerasset portfolio in the Southeast by announcing construction plansfor two separate 500 MW facilities in the past seven days. Lastweek, Dynegy announced a local commission approved plans toconstruct a plant in Heard County, GA. Yesterday, the company saidit gained approval from a local court to build the BluegrassGeneration facility in Oldham County, KY. With the Kentuckyfacility, Dynegy will own or have interest in five power plants inthe Southeast.
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PennzEnergy Spawned by Pennzoil, Quaker State
Pennzoil Co. and Quaker State Corp. completed a majorrestructuring designed to separate the companies’ automotivebusinesses from exploration and production operations. Therestructuring includes the spin-off of Pennzoil’s Products Groupand combines the marketing, manufacturing and fast oil changebusinesses of Pennzoil with all of Quaker State. The combinedcompany, Pennzoil-Quaker State Co. trades on the New York StockExchange with the symbol PZL.
Dynegy Grows Louisiana Assets with New NGL Plant
Dynegy opened a new $57 million gas liquids fractionationfacility near Lake Charles, LA, that can separate up to 55,000barrels/d of gas liquids into ethane, propane and a butane andnatural gasoline mix. The facility is fed primarily from offshoreproduction in the Gulf of Mexico via pipeline and truck throughDynegy’s Hackberry terminal. Its products are primarily shippedthrough pipeline to customers in the petrochemical/refiningindustry in Lake Charles.
Dynegy LA Assets Grow With New Plant
Dynegy opened a new $57 million gas liquids fractionationfacility near Lake Charles, LA, that can separate up to 55,000barrels/d of gas liquids into ethane, propane and a butane andnatural gasoline mix. The facility is fed primarily from offshoreproduction in the Gulf of Mexico via pipeline and truck throughDynegy’s Hackberry terminal. Its products are primarily shippedthrough pipeline to customers in the petrochemical/refiningindustry in Lake Charles.
Columbia Gulf Projects Would Add 1.3 Bcf/d of Capacity
Coming on the heels of a 315,000 Dth/d expansion of its mainlinesystem, Columbia Gulf Transmission announced Monday plans for twoseparate projects that would expand capacity by an additional 1.26Bcf/d. The projects, when combined with the Mainline ’99 expansion,would give Columbia Gulf shippers the capability for the firsttime to ship their Gulf of Mexico supplies directly to growingmarkets in the East, Northeast and Midwest, the pipeline said.
Producers Petition for Review of Royalty Rulings
A Louisiana producer has challenged a decision by the InteriorBoard of Land Appeals (IBLA) that held it owes royalties not onlyon the sale of its production to a marketer at the wellhead, butalso on the amount paid to the marketer for selling that productiondownstream.
Mitchell to Acquire Texas Properties for $50 Million
Mitchell Energy & Development agreed to pay $50 million foroil and gas producing properties in three separate transactions.
Tennessee Beefing Up Offshore Louisiana Lines
Tennessee Gas Pipeline has filed plans to increase capacity onsix separate pipelines in the Gulf of Mexico that together wouldrepresent an increase of over 720 MMcf/d in offshore lines owned byTennessee and other parties and a net increase in deliverabilityout of the Gulf of 200 MMcf/d.