Vancouver-based Ballard Power Systems plans to reduce its cash consumption, restructure its organization and lay off about 28% of its employees over the next 12 months as part of a five-year plan to develop the next generation fuel cell engine.
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Industry Briefs
Enron Broadband Services Content Systems LLC has signed a long-term agreement with EBWorld.com and Into Networks Inc. to deliver games on demand, the first application to launch as part of a strategic alliance between the companies. The service is scheduled to begin June 1. EBWorld.com is a subsidiary of Electronic Boutique Holdings Corp. of West Chester, PA, which operates 740 stories in 46 states and around the world. Into Networks, headquartered in Cambridge, MA, is licensing its technology to Electronics Boutique, and Enron will provide strategic, financial and operational services to Into to offer broadband customers secure access to software on a rental basis. The alliance is attempting to optimize and increase delivery of streaming applications over broadband connections using software on demand technology.
Basic to Develop ‘Relatively Unexplored’ Canadian Portion of Williston Basin
Denver-based Basic Earth Science Systems Inc. said last week that through its Basic Canada Inc. subsidiary it has established Legent Resources Corp. — a unlimited liability company — for the purpose of drilling development and exploratory wells in Canada. Of note is the fact that Legent intends to explore a section of the Williston Basin that remains relatively untapped.
CA Officials, Utility Not Included in Terrorist Alert for Gas Systems
It is a case of the missing e-mail alert that was being debated in local California news media Tuesday regarding whether or not the nation’s largest natural gas distribution utility was alerted by the FBI last week concerning the potential threat to U.S. natural gas supplies and/or infrastructure as an outgrowth of the ongoing conflict in Afghanistan. The FBI said they sent an e-mail; Sempra Energy’s Southern California Gas Co. in Los Angeles said it never received it.
Southeast Transmission Owners Unveil Plans For New RTO
Owners of transmission systems stretching across several Southeastern states have signed a memorandum of understanding to develop a regional transmission organization (RTO) for the region. If the transmission owners prove successful in their efforts to develop the RTO, it would be one of the nation’s largest, covering more than 39,000 miles of transmission lines with an investment in assets in excess of $6 billion.
Calpine Goes Shopping for Turbines, Completes Encal Merger
Calpine announced it will purchase 35 model 7FB and 11 model 7FA gas-fired turbines from GE Power Systems, bringing its total order currently to 203 turbines, which when operated in a combined-cycle application represents 50,000 MW of baseload capacity.
Calpine Goes Shopping for Turbines, Completes Encal Merger
Calpine announced it will purchase 35 model 7FB and 11 model 7FA gas-fired turbines from GE Power Systems, bringing its total order currently to 203 turbines, which when operated in a combined-cycle application represents 50,000 MW of baseload capacity.
KMP to Beat Significantly Consensus Estimates
Kinder Morgan Energy Partners LP (KMP), owner and operator ofone of the largest product pipeline systems in the country,reported on Thursday that it expects to substantially exceed theconsensus first quarter earnings per unit estimate of $0.71 andyear 2001 earnings per unit estimate of $2.98. The company alsosaid it expects to increase the cash distribution per common unitfor the first quarter from $0.95 to $1.00.
Industry Briefs
Enron Broadband Services Content Systems LLC has signed along-term agreement with EBWorld.com and Into Networks Inc. todeliver games on demand, the first application to launch as part ofa strategic alliance between the companies. The service isscheduled to begin June 1. EBWorld.com is a subsidiary ofElectronic Boutique Holdings Corp. of West Chester, PA, whichoperates 740 stories in 46 states and around the world. IntoNetworks, headquartered in Cambridge, MA, is licensing itstechnology to Electronics Boutique, and Enron will providestrategic, financial and operational services to Into to offerbroadband customers secure access to software on a rental basis.The alliance is attempting to optimize and increase delivery ofstreaming applications over broadband connections using software ondemand technology.
GA, OH Speak on Gas Choice Pitfalls, Successes
Inefficient customer education, inadequate marketercertification and poorly developed information systems forconsumers led to many of the early problems associated withGeorgia’s 1998 natural gas deregulation efforts, according to PaulaG. Rosput, CEO of AGL Resources.