Successful

Talisman Energy Inc. of Calgary said it was successful in itsoffer to acquire Rigel Energy Corp. About 55 million common shareshave been tendered in response to its offer to purchase all of thecommon shares of Rigel Energy Corp. This represents more than 95%of Rigel shares on a fully diluted basis. All of the conditions ofTalisman’s offer have been satisfied. Talisman has taken up and ispaying for all of the Rigel common shares validly tendered up tothe expiry time of the offer. Talisman intends to acquire theremainder of the Rigel shares.

Capstone Turbine Corp., developer and manufacturer ofmicroturbine power generators, says it has successfully tested a 30kW unit that can be used at the wellhead to generate power usingsour gas.

Oneok Inc., the successful bidder for Southwest Gas Corp., threwdown the gauntlet earlier this week, challenging losing bidderSouthern Union (SU) to present evidence by today to support itsallegations that Oneok conspired to illegally influence SouthwestGas in its choice of merger partner.

Capstone Turbine Corp., developer and manufacturer ofmicroturbine power generators, says it has successfully tested a 30kW unit that can be used at the wellhead to generate power usingsour gas.

Houston Street Exchange said its web-based wholesale powertrading floor, HoustonStreet.com, experienced a successful firstmonth of operations as users bought and sold more than 270,000 MWh.It also said that more than 60% (70 out of 110) of the activewholesale power trading companies in the United States have eitherfully registered to trade power on HoustonStreet.com or are in theregistration process.

Customer response to the open season held by Scana’s proposedCarolinas Pipeline “has far exceeded our expectation,” said SamDozier, vice president of customer service and market development.

The Exploration Company (TXCO) is on a roll in Southwest Texaswith another high producer, its ninth consecutive successfulnatural gas well in the Prickly Pear (Glen Rose) Field west of SanAntonio, near the Mexican border.

MichCon officials announced a successful beginning to its pilotprogram yesterday, with 70,000 of their 75,000 eligible customerschoosing a newly introduced competing supplier in the first year ofa three-year program. Stephen E. Ewing, the president of theMichigan gas utility, said the results prove customer choiceprograms can work for the entire state.

A rate refund, refocusing and early retirement programs, plusboth failed and successful merger costs wiped out PacifiCorp’s 1998earnings of $300 million, leaving the company with a $55 millionloss for the year. In comparison 1997 earnings after special itemswere $641 million; they were $350 million before special items. Thecompany’s refocusing in 1998 and 1999 includes shutdown of itsenergy marketing business, the sale of TPC Corp., and of EnergyWorks, a joint venture with Bechtel, and the closing of its Turkishenterprises.