Steve

In the midst of bullish earnings projections for the secondquarter in early July, San Diego-based Sempra Energy’s new boss,CEO Steve Baum, has been busy outlining his vision for employeesand the financial community. In a nutshell, it calls for emphasison growing a nationwide energy retail operation, de-emphasizingregulated utility operations and accelerating the change tocompetitive energy markets nationwide. It also may includeunloading start-up LDCs.

In the midst of bullish earnings projections for the secondquarter in early July, San Diego-based Sempra Energy’s new boss,CEO Steve Baum, has been busy outlining his vision for employeesand the financial community. In a nutshell, it calls for emphasison growing a nationwide energy retail operation, de-emphasizingregulated utility operations and accelerating the change tocompetitive energy markets nationwide. It also may includeunloading start-up LDCs.

Although the much-touted electricity restructuring billintroduced by Reps. Steve Largent (R-OK) and Edward Markey (D-MA)would slash the renewable portfolio mandate proposed by the Clintonadministration by more than half, natural gas producers stillaren’t quite satisfied.

Although the much-touted electricity restructuring billintroduced by Reps. Steve Largent (R-OK) and Edward Markey (D-MA)would slash the renewable portfolio mandate proposed by the Clintonadministration by more than half, natural gas producers stillaren’t quite satisfied.

Demonstrating the growing popularity of weather derivatives,Kansas Gas Service is on the brink of offering a weather-proof billto all 600,000 of its customers, said Steve Johnson, executivedirector of corporate relations for the LDC. Johnson and a panel ofweather derivative experts spoke on the growing use of weatherproducts at NGI’s Gasmart/Power’99 in Dallas last week.

Demonstrating the growing popularity of weather derivatives,Kansas Gas Service is on the brink of offering a weather-proof billto all 600,000 of its customers, said Steve Johnson, executivedirector of corporate relations for the LDC. Johnson and a panel ofweather derivative experts spoke on the growing use of weatherproducts at Gasmart/Power’99 in Dallas yesterday.

Don D. Jordan, chairman and CEO of Reliant Energy, will besucceeded by R. Steve Letbetter as CEO June 1. Jordan will remainchairman of the board until Dec. 31, 2000.

Rep. Steve Largent (R-OK) plans to introduce a comprehensivebill to restructure the retail power industry early in the 106thCongress.