Strides

Making further strides in strengthening its balance sheet, AGL Resources Inc. on Thursday reported net income of $18.9 million, or $0.29 per diluted share, for the second quarter of 2003, reflecting a 54% improvement over the $12.3 million, or $0.22 per basic and diluted share, recorded for 2Q2002.

Electric utility companies across the U.S. are getting much higher customer satisfaction marks from midsize businesses in 2002 as compared to last year, according to the results of a new J.D. Power and Associates survey released last Tuesday. Power quality and reliability have combined to become the most important factor comprising overall customer satisfaction, the survey reveals.

Continuing in its effort to find a way to develop stranded natural gas economically, Conoco has taken a major step toward commercializing its proprietary technology for converting natural gas to liquids with the delivery and installation of the first production modules at the company’s gas-to-liquids (GTL) demonstration plant under construction in Ponca City, OK.

Continuing in its effort to find a way to develop stranded natural gas economically, Conoco on Monday said it has taken a major step towards commercializing its proprietary technology for converting natural gas to liquids with the delivery and installation of the first production modules at the company’s gas-to-liquids (GTL) demonstration plant under construction in Ponca City, OK.

Gas wins big in the Energy Information Administration’s latestInternational Energy Outlook. The forecast calls for worldwide gasconsumption to increase 104% by 2020 from 1997 levels. Natural gasremains the fastest growing component of primary world energyconsumption.

Gas wins big in the Energy Information Administration’s latestInternational Energy Outlook. The forecast calls for worldwide gasconsumption to increase 104% by 2020 from 1997 levels. Natural gasremains the fastest growing component of primary world energyconsumption.

Texas Eastern Transmission (Tetco) has made big strides towardbecoming a more competitive pipeline system in eastern markets. Thecompany agreed last week to pay three producers $496 million tosettle all of its remaining gas purchase contracts. Shippers willbear about $396 million of the costs, which is about $100 millionless than a payment cap set in 1993 as part of a restructuringsettlement.