Avista Corp.’s T.M. “Tom” Matthews has stepped down as chairman,president and CEO of the Spokane, WA.-based energy company to spendmore time with his family, but has agreed to stay through the end ofthe year in a senior executive role. Matthews, 53, joined Avista in1998. The board of directors appointed Avista Executive Vice PresidentGary G. Ely, 53, as acting president and CEO. The board also said it”remains fully supportive of the company’s strategic direction.”Considered an emerging energy star just last year, the company hasbeen rocked by poor earnings and shareholder lawsuits this yearstemming from some questionable trading decisions made in April (seeDaily GPI, Aug. 1, June 22). However, last week, the companysaid it would report third quarter earnings that were above consensusestimates, earning 52 cents a share (see Daily GPI, Oct. 16).
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Yukon Premier Supports ANGTS Over Rivals
The Yukon Territory’s new Liberal government has stepped forwardto go to bat for a revival of the dormant Alaska Natural GasTransportation System (ANGTS) as its enthusiastic choice for anorthern pipeline project.
Yukon Premier Supports ANGTS Over Rivals
The Yukon Territory’s new Liberal government has stepped forwardto go to bat for a revival of the dormant Alaska Natural GasTransportation System (ANGTS) as its enthusiastic choice for anorthern pipeline project.
‘For Sale’ Sign Comes Down at Mitchell
Things are looking so good for Mitchell Energy & DevelopmentCorp. the company has stepped down from the auction block where it hasstood since early October (see Daily GPI, Oct. 7).
INGAA Downsizes Amid Merger Activity
The stepped-up merger frenzy of gas pipeline companies has takenits toll on the Interstate Natural Gas Association of America(INGAA), which announced Friday it was downsizing its staff inresponse to its loss of members and dues.
INGAA Downsizes Amid Bustling Merger Activity
The stepped-up merger frenzy of gas pipeline companies has takenits toll on the Interstate Natural Gas Association of America(INGAA), which announced Friday it was downsizing its staff inresponse to its loss of members and dues.
BP Amoco Picking Up Rest of ProGas
The largest shareowner of Canadian gas aggregator ProGas Ltd.last week stepped up to buy the rest of the producer-held companyto ensure that it remains in producer hands.
Columbia Ads Found to be Misleading in Michcon Pilot
Columbia Energy took a hit last week as the Michigan AttorneyGeneral stepped in to halt a misleading marketing effort by thecompany. Due to an objection by the Attorney General over thewording in a mail solicitation sent to Michcon pilot programcustomers, Columbia has consented to end the solicitation and givecustomers the option to choose other suppliers. Currently, Columbiahas signed 12,200 customers away from Michcon.
Columbia Found to be Misleading in Michcon Pilot Program
Columbia Energy took a hit Wednesday as the Michigan AttorneyGeneral stepped in to halt one of Columbia’s marketing efforts. Dueto an objection by the Attorney General over the wording in a mailsolicitation sent to Michcon pilot program customers, Columbia hasconsented to end the solicitation and offer any customer it hassigned to an out. Currently, Columbia has signed 12,200 customersaway from Michcon.
Northern Border Expansion to Start This Week Nearly Full
Warm winter weather normally means trouble for the gas industry,but for Northern Border Pipeline, which is attempting to completeconstruction of a major expansion/extension project, it has been ablessing. After a month and a half delay because summer rains setback construction, the pipeline company is expecting to have itsproject in service some time between Thursday, Dec. 17, and Sunday,Dec. 20, with the entire 700 MMcf/d capacity being fully utilized”almost immediately,” said Robert Hill, vice president of marketingand business development for the pipeline company.
