Laclede Gas Co. has moved to separate its regulated andunregulated entities in an effort to give the unregulated arm ofthe natural gas distributor more flexibility and financing options.The St. Louis company’s board of directors voted for authorizationfrom the Securities and Exchange Commission to reorganize.
Articles from Split
Coastal Corp. announced that Engage Energy U.S., L.P. haschanged its name to Coastal Merchant Energy, L.P., which coincideswith the split of the Engage Energy joint venture by participantsCoastal and Westcoast Energy. Effective on Oct. 3, the operationswere divided into separate entities which are owned and operatedsolely by each company. Coastal Merchant Energy, which handles upto 3.5 Bcf/d, appointed James C. Dyer IV as president and CEO.”Coastal Merchant Energy, L.P. will continue to provide a fullspectrum of energy services, including natural gas marketing andtrading, electricity trading and sales, energy management services,structured storage and transportation-related services, structuredpower and management services, and energy risk managementservices,” said David A. Arledge, CEO of The Coastal Corp. “We willundoubtedly benefit from the further integration of our merchantactivities with Coastal’s asset-based businesses.”
On a 3-2 split vote, California regulators last week dismissed aproposal for allowing gas distribution competition in anindustrialized part of the East San Francisco Bay. The majority,led by the current president of the California Public UtilitiesCommission, rejected an alternative proposal by two members of thefive-member CPUC.
California regulators last week on a 3-2 split vote dismissed aproposal for allowing natural gas distribution competition in anindustrialized part of the East San Francisco Bay. The majority,led by the current president of the California Public UtilitiesCommission, rejected an alternative proposal by two members of thefive-member CPUC.
The cash market split somewhat along geographical lines againMonday as overall softening grew greater going from West to East.Most Western points were flat to no more than 2-3 cents down, whileEastern declines mostly ranged from around a nickel to a dime.