Following their confirmation of merger talks last week, WPS Resources Corp. and Peoples Energy Corp. said Monday they plan to form a diversified company with regulated utilities in four midwestern states and nonregulated businesses serving customers in the Northeast and Canada.
Talks
Articles from Talks
Goldman, Morgan Stanley Rumored to Want Dominion E&P Assets
Goldman Sachs Group Inc. and Morgan Stanley are said to be in talks to make a bid for Dominion Resources Inc.’s exploration and production (E&P) assets (see Daily GPI, Sept. 7, 2006). According to a report in The Wall Street Journal, the two banks are putting together a deal that could top $15 billion.
Should Strip Continue to Slip, Look for Spending Dip
In talks with executives from nine exploration and production (E&P) companies, analysts at Friedman, Billings, Ramsey & Co. Inc. found that the drop in commodity prices is “being taken in stride but caution abounds.”
Should Strip Continue to Slip, Look for Spending Dip
In talks with the managements of nine companies in their exploration and production (E&P) universe, analysts at Friedman, Billings, Ramsey & Co. Inc. found that the drop in commodity prices is “being taken in stride but caution abounds.”
Interior IG: ‘Bureaucratic Bungling’ Led to Royalty-Free Leases
The omission of price thresholds in the 1998 and 1999 deepwater Gulf of Mexico oil and natural gas leases is “an example of bureaucratic bungling” at its worst, and the failure by Minerals Management Service (MMS) employees to report the oversight to superiors when they first detected it in 2000 stems from a “culture of irresponsibility” that pervades the Interior Department agency, Interior Inspector General Early Devaney told a House Government Reform subcommittee last Wednesday.
NGI The Weekly Gas Market Report
New York City Mayor Seeks Discussions with FERC on Energy Issues
New York City Mayor Michael Bloomberg is asking FERC Chairman Joseph Kelliher to help facilitate talks between FERC staff and New York City energy personnel to address energy-related issues facing the Big Apple, including bolstering the transmission grid.
KeySpan on the Block; Bidders Said to be Circling
KeySpan Corp. confirmed Friday it is in talks with various parties that could lead to its acquisition, but said it would likely stay mum on any developments until its board either approves a deal or terminates discussions.
Domenici: Best Gas Proposals to Be Part of Broad Energy Bill
Sen. Pete Domenici (R-NM), chairman of the Senate Energy and Natural Resources Committee, said he will begin bipartisan talks soon with committee members on the best way to proceed with comprehensive energy legislation this year.
Likely ’05 Summer Peak Power Shortfalls Dominate CA Energy Action Plan Talks
Forget previously discussed concerns about 2006, it’s the summer of 2005 that’s worrying California state energy officials who gathered to review an update of the state Energy Action Plan last Tuesday. Dominating their discussions were “what-if” questions and proposed contingencies, including everything from mandatory load-reduction programs to accelerated power plant-building and delayed plant closings for older units.
Likely ’05 Summer Peak Power Shortfalls Dominate CA Energy Action Plan Talks
Forget previously discussed concerns about 2006, it’s the summer of 2005 that’s worrying California state energy officials who gathered to review an update of the state Energy Action Plan Tuesday. Dominating their discussions were “what-if” questions and proposed contingencies, including everything from mandatory load-reduction programs to accelerated power plant-building and delayed plant closings for older units