Southeast

El Paso Energy Corp. and Enron announced late yesterday plans tojointly construct a pipeline from Savannah, GA to a point ofinterconnection with Florida Gas Transmission (FGT) nearJacksonville, FL. The pipe will be fed by El Paso’s Elba Island,GA, LNG terminal, which is being reactivated.

With the southeast United States experiencing near record coldtemperatures this winter, it’s no wonder SCANA Corp.’s subsidiary,South Carolina Electric & Gas Co. (SCE&G), and AGLResources are saying that their customers are demanding recordlevels of power.

As it had warned earlier (see Daily GPI, Dec. 12), ANR saidFriday it will issue an OFO restricting receipts into its Southeastsystem with Btu content exceeding 1,050 per cubic foot. The OFOstarts Jan. 1, 2001 and will remain in effect until further notice.It was caused by “the current and scheduled shutdown of numerousprocessing plants on ANR’s system,” the pipeline said. Therestriction will not apply to receipts that are dedicated andconfirmed by a known processing plant that is in operation and/orwhere the heat content of the receipts exceeds 1,050 Btus per cubicfoot but the pentanes (C5+) and heavier components do not exceed0.05 gallons per Mcf, ANR said.

CP&L Energy, the holding company for Southeast utilitiesCarolina Power & Light (CP&L) and Florida Power, announcedMonday that it has renamed itself Progress Energy Inc.

The explosion and fire on El Paso Natural Gas’ system insoutheast New Mexico in August, which killed 12 people, underscoresthe need for a newer gas pipeline infrastructure in the UnitedStates, according to a Department of Energy (DOE) report releasedlast week.

The explosion and fire on El Paso Natural Gas’ system insoutheast New Mexico in August, which killed 12 people, underscoresthe need for a newer gas pipeline infrastructure in the UnitedStates, according to a Department of Energy (DOE) report releasedthis week.

Florida-based FPL Group Inc., the largest power company in one of the fastest growing states, agreed last week to buy New Orleans-based Entergy Corp. for $13.9 billion in stock and assumed debt to form the largest utility in the United States. When the deal is done, the new company will serve 6.3 million customers and have a combined generating capacity of more than 48,000 MW.

Florida-based FPL Group Inc., the largest power company in oneof the fastest growing states, has agreed to buy New Orleans-basedEntergy Corp. for $13.9 billion in stock and assumed debt to formthe largest utility in the United States. When the deal is done,the new company will serve 6.3 million customers and have acombined generating capacity of more than 48,000 MW.

Meridian Resource Corp. announced last week its intentions tosell certain non-strategic oil and gas properties located in SouthLouisiana, Southeast Texas and offshore Louisiana.