El Paso Merchant Energy Co. made its first foray into providingfuel to Mexico when it signed a 25-year gas supply contract withFuerza y Energia De Hermosillo SA, a subsidiary of Spain’s UnionFenosa Group, to serve Mexico’s Hermosillo power plant. El Pasowill supply up to 43 MMcf/d to the 225 MW combined cycle powerplant. The plant is expected to begin testing in early 2001 andbegin commercial operation summer 2001.
Strikes
Articles from Strikes
Southern Union Strikes Again
Marking its fourth Northeast LDC purchase this year, SouthernUnion (SU) bought Cumberland, RI-based Valley Resources for $160million, including the assumption of debt, the companies said lastweek. The boards of directors for both Valley Resources and SU haveunanimously approved the deal. The merger is expected to becompleted within nine months.
December 6, 1999
Southern Union Strikes Again
Marking its fourth Northeast LDC purchase this year, SouthernUnion (SU) bought Cumberland, RI-based Valley Resources for $160million, including the assumption of debt, the companies saidyesterday. The boards of directors for both Valley Resources and SUhave unanimously approved the deal. The merger is expected to becompleted within nine months.
December 2, 1999
Atypical Shoulder Month Pricing Strikes..Again?
“If you want higher gas prices just wait for the next shouldermonth,” was the phrase bandied about the cash market yesterday ascash prices rose to heights unparalleled since last October andNovember. Last Autumn futures prices peaked at $3.85 beforefree-falling down to settle at $3.266 at the end of October. Now afutures led rally has pulled cash prices with it leaving the marketto wonder how much higher can prices go and will they come down.”That is the $10 million question,” a source quipped.
April 9, 1998
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