Submitted

Transco’s Y2K Plan Under Fire

Transcontinental Gas Pipe Line’s Y2K contingency plan to havetransportation nominations for the first seven days of the new yearsubmitted in advance by Dec. 28 has caused concern among some ofits shippers.

September 22, 1999

Elf Says Its Counteroffer Beats TotalFina’s

Paris-based Elf Aquitaine submitted a counteroffer forTotalFina. Elf’s proposal would create two separate pure-play oiland gas and chemicals groups and annual pre-tax synergies of 2.5billion euros within three years of the combination. The dealoffers three Elf shares and 190 euros in cash for every five sharesin TotalFina, representing a premium of 10% to TotalFina’s closingprice on Friday July 16 (ex dividend). The transaction will beaccounted for under US GAAP using purchase accounting.

July 20, 1999

TransCanada’s CEO Resigns, Reorganization Planned

After five years as head of one of Canada’s largest energy companies, George Watson submitted his resignation to TransCanada’s board of directors last week citing “personal reasons.” The resignation, which becomes effective July 31, comes just weeks before the company plans to announce a structural shake-up designed to support its strategic direction. No details of the reorganization are being divulged at this time, a company spokesman said.

July 19, 1999

TransCanada’s CEO Resigns

After five years as head of one of Canada’s largest energycompanies, George Watson submitted his resignation to TransCanada’sboard of directors last week citing “personal reasons.” Theresignation, which becomes effective July 31, comes just weeksbefore the company plans to announce a structural shake-up,designed to support its strategic direction. No details of thereorganization are being divulged at this time, a company spokesmansaid.

July 19, 1999

TriState Project Filed with NEB

Westcoast Energy said its subsidiary St. Clair Pipelinessubmitted an application to Canada’s National Energy Board forconstruction of the Canadian portion of the TriState PipelineProject. The project would provide 450 MMcf/d of new firmtransportation capacity from the Chicago Hub through Indiana andMichigan to the Dawn Hub in Ontario. Project partner CMS Energyfiled an application for the U.S. portion in November of last year.Westcoast has a 33.3% stake in TriState.

January 25, 1999

Westcoast Files TriState with NEB

Westcoast Energy said its subsidiary St. Clair Pipelinessubmitted an application to Canada’s National Energy Board forconstruction of the Canadian portion of the TriState PipelineProject, which would provide 450 MMcf/d of new firm transportationcapacity from the Chicago Hub through Indiana and Michigan to theDawn Hub in Ontario. Project partner CMS Energy filed anapplication for the U.S. portion in November of last year.Westcoast has a 33.3% stake in TriState.

January 22, 1999

NGI Marketer Ranking Notice:

Sempra Energy said the third quarter volume numbers it submittedto be included in NGI’s North American gas marketer ranking wereincorrect. The 3.1 Bcf/d first reported by Sempra excluded therecent acquisition of CNG Energy’s wholesale gas marketingportfolio. The corrected number is 4.5 Bcf/d of gas sold during thethird quarter, which is a 52% increase from 3Q97 and puts Sempra atNo. 12 in the ranking rather than No. 20. KN Energy, Columbia,Tractebel, Texaco, Sonat, El Paso, Williams and Enserch move down anotch because of the change. (Please see NGI or Daily GPI,11/9/98).

November 10, 1998

Nicor Seeks to Widen Pilot to Include Residential Users

Nicor Gas earlier this week submitted a proposal to the IllinoisCommerce Commission (ICC) that, if approved, would provide customerchoice for the first time to single-family residential natural gascustomers in the northern part of the state.

August 12, 1998

Tetco Offers to Bear Risk for Turned-Back Capacity

Texas Eastern Transmission (Tetco) on Tuesday submitted to FERCan offer of settlement that it insists will save pipeline customersmore than $260 million over the next five to six years.

April 29, 1998
1 9 10 11 Next ›