Southeast

Transportation Notes

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.

December 26, 2000

CP&L Energy Changes Name to Progress Energy

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.

December 5, 2000

DOE: El Paso Blast Reveals Need for ‘Modern’ Pipes

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.

October 2, 2000

DOE: El Paso Blast Reveals Need for ‘Modern’ Pipes

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.

September 29, 2000

Southeast Merger Creates Largest U.S. Utility

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.

August 7, 2000

Two Southeast Power Houses Join Forces in $14B Merger

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.

August 1, 2000

Meridian to Sell 20% of Its Production

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

January 18, 2000

Scana, Powertel Jointly Target GA Customers

SCANA Energy and affiliate Powertel, Inc., one of the largestwireless PCS telecommunications providers in the Southeast,announced plans to jointly market their services at 30 kiosklocations in Kroger grocery stores in Greater Atlanta, Macon,Augusta and Savannah beginning today. Powertel will provide thepersonnel for the kiosks locations, which were built and installedby SCANA. Customers will soon be able to sign up for Powertel andSCANA services, make bill payments and receive information on otherservices while shopping at Kroger.

November 17, 1999

Transportation Notes

Transco alerted shippers that some production possibly could beinterrupted today on the Southeast Louisiana Lateral. The U.S. ArmyCorps of Engineers is expected to take about eight hours tocomplete matting of the western bank of the Mississippi River.Transco said it will make every operational effort to keep thiswork from impacting production, but curtailments are possible ifunforeseen events lengthen the operation.

October 28, 1999

Fall River Gas Quiet About Merger Proposal

Fall River Gas Co., a small LDC serving 47,000 customers inSoutheast Massachusetts, announced last week it received an offerto be bought at a value of $23.50/share, but did not provide anymore details. The company said its board of directors was takingthe proposal under advisement and had formed a committee to reviewits options. If accepted at the announced price, the transactionwould be valued at $51.7 million.

September 13, 1999