Separation

Industry Briefs

The Pennsylvania Electric Association (PEA) and the PennsylvaniaGas Association (PGA) have agreed to reunite after 37 years ofseparation. The two will merge into the newly created EnergyAssociation of Pennsylvania. The governing bodies of bothassociations announced that Richard Bunn, who in the past hadserved as chairman of both groups, will be CEO while a searchcommittee looks for its new leader. John Marshall, chairman of PEAand president of Duquesne Light said the merger will allow bothindustries to “retain their strategic focus while enabling us tocombine resources and knowledge to produce a more efficient andeffective effort in representing the interests of our customers,shareholders and employees in the public policy arena.” PGAChairman John Sipics, president of PPL Gas Utilities said it “makessense because the two associations were pursuing similar objectivesand activities to meet the challenges faced by the regulated energydelivery business, including making the transition to competitiveretail markets.” PEA was established in 1908 and at that time gasutilities were members. In 1963, the gas utilities formed their ownassociation. Earlier this year the electric power generationcompanies spun off from PEA and joined with other major powerproducers in the state to form the Electric Power GenerationAssociation.

October 25, 2000

Futures Resume Downturn; Friday’s Gains Erased

Warm weather forecasts and the large separation between cash andfutures prices spoiled the nice rally futures traders had goinglate last week. Prices opened down a nickel, made slight gains andthen slid the rest of the day. After opening at $2.600, Decemberposted a mid-day high at $2.635 and then collapsed to a low of$2.520. It settled down 12.5 cents at $2.524. January lost 10.7cents to settle at $2.681, and February slipped 8.5 cents to endthe day at $2.640/MMBtu.

November 16, 1999

Analyst Sees Widespread Divestiture of Market Affiliates

Non-regulated utility marketing affiliates may become a thing ofthe past, not as a result of forced divestiture but of voluntaryseparation, according to Hagler Bailly Consulting’s Ken Malloy.

April 28, 1998
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