Constellation Energy Source, a subsidiary of ConstellationEnergy Group, signed an agreement to provide energy managementservices including construction, ownership and operation of acentral plant that will provide the Pittsburgh Steelers withheating, air conditioning and hot water for their new 65,000-seatstadium. Under the multi-year agreement, the company will beginconstruction on the plant immediately and expects to have theproject finished by the spring of 2001. The stadium is scheduledfor completion by August 2001.
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FERC Launches Probe of CA Power Market
FERC yesterday ordered a formal investigation of the electricrates and the structure of the California’s Independent SystemOperator (Cal-ISO) and Power Exchange (Cal-PX), as well asmarket-based sellers in the state.
August 24, 2000
DEFS To Expand Much Needed Roggen
Duke Energy Field Services (DEFS) is planning on doublingnatural gas processing capacity at its Roggen plant northeast ofDenver because of an increase in gas production. The company willexpand its working capacity from 25 MMcf/d to 55 MMcf/d over thecourse of the next year. Natural gas liquids would rise from 2,100b/d to over 4,300 b/d the company said.
July 24, 2000
DEFS To Expand Much Needed Roggen
Duke Energy Field Services (DEFS) is planning on doublingnatural gas processing capacity at its Roggen plant northeast ofDenver because of an increase in gas production. The company willexpand its working capacity from 25 MMcf/d to 55 MMcf/d over thecourse of the next year. Natural gas liquids would rise from 2,100b/d to over 4,300 b/d the company said.
July 20, 2000
Tractebel Sees ‘Rosy Future’ With Cabot LNG Acquisition
Cabot LNG, the largest U.S. liquefied natural gas importer anddistributor in the Northeast, agreed yesterday to sell 100% of itsassets to Tractebel of Brussels, Belgium for $680 million. The dealwill give Tractebel the LNG terminal in Everett, MA, along with 10%interest in a liquefaction facility in Trinidad and Tobago and theLNG tanker, Matthew. The transaction is set to close by thebeginning of September.
July 14, 2000
ECONnergy Picks Up Venture Capital
ECONnergy Energy Co., a competitive energy services providerthat serves the tri-state area of New York, New Jersey andConnecticut, gained financial fuel yesterday with a $15 millionRevolving Enterprise Value Loan from RFC Capital Corp. – a boostexpected to drive ECONnergy’s plans to become an energy alternativeleader in the Northeast.
May 17, 2000
Transportation Notes
Tennessee lifted a pro rata seal through Secondary Services atthe Transco Rivervale meter Wednesday but replaced it with asimilar one at the Algonquin Mendon meter.
May 11, 2000
Williams Finishes Opal Expansion
A unit of Williams’ energy services business finished expandinga gas plant in Opal, WY, that boosts cryogenic processing capacityto 735 MMcf/d and gas liquids extraction capacity to 43,000 b/d. Athird cryogenic processing train was added, two existing cryogenictrains were modified, and control systems and field compressionwere enhanced. Total costs exceeded $60 million.
April 24, 2000
CMS Keeps the LNG Ships Cruising
CMS Marketing, Services and Trading (CMS-MST) continued itsliquefied natural gas (LNG) buying binge last week, announcing 10more deliveries from Qatar to the CMS Trunkline LNG facility inLake Charles, LA. The deals bring the number of announced LNGcargoes headed to the Trunkline facility over the next two years to26.
April 24, 2000
CMS Keeps the LNG Ships Cruising
CMS Marketing, Services and Trading (CMS-MST) continued itsliquefied natural gas (LNG) buying binge yesterday by announcing 10more deliveries from Qatar to the CMS Trunkline LNG facility inLake Charles, LA. The deals bring the number of announced LNGcargoes headed to the Trunkline facility over the next two years to26.
April 20, 2000
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