Located less than five miles from downtown Los Angeles, theindustrial city of Vernon sits as an attractive trophy for one ofthe two proposed natural gas interstate pipelines. Thebusiness-focused local government is finishing construction of anew municipal gas distribution system that will compete withSouthern California Gas’ existing network. By next year, there willbe duplicative gas distribution systems operating.
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Anadarko to Build New HQ
Anadarko Petroleum Corp., an independent oil and gas company,announced Wednesday it has purchased 7.5 acres in a Houston suburbin order to build a 32-story, 800,000 square foot headquartersbuilding. The company said it needs to move to accommodate itsgrowth needs. Groundbreaking is expected early next year. Anadarkoplans to move in mid-2002.
Enron, Steel Company in Power Venture
A unit of Enron and the heavily industrialized East SanFrancisco Bay area suburb of Pittsburg, CA, are teaming up with aninternational steel mill to pursue a $250 million, 500-megawattnatural gas-fired merchant power plant. By mid-May, Pittsburg’scity council will decide whether the city should take an interestin the privately financed proposal.