California regulators have taken a potentially precedent-settingstep by asking FERC to condition a certificate for Questar’sproposed Southern Trails Pipeline on the company first agreeing torecover from in-state customers the costs of social programs thatwould be potentially stranded by its bypass of Southern CaliforniaGas (SoCalGas).
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Utilipro Assembles Posse for Marketer Services
AGL Resources is capitalizing on the experience gained in theprecedent-setting unbundling of its Atlanta Gas Light subsidiary,organizing a separate partnership to offer all the services acompany will need to move into the competitive market.
LG&E, KU Close Merger Deal
Kentucky’s two largest electric utilities – Louisville Gas andElectric (LG&E) and Kentucky Utilities (KU) – announced theyclosed their merger deal yesterday, setting the stage for thecombined energy company to become a “more formidable” regionalutility competitor.
Mitchell Replaces 187% of Gas & Oil Reserves
Mitchell Energy & Development replaced 187% percent of thegas and oil reserves it produced in fiscal 1998, even while settinga new high for annual gas sales of 238 MMcf/d.