Target

Independent Energy Holdings PLC, an electric generating andelectric marketing company, has found itself the target of afederal class action lawsuit for stock fraud brought by thecompany’s shareholders, according to law firm Berman DeValerio& Pease LLP.

Independent Energy Holdings PLC, an electric generating andelectric marketing company, has found itself the target of afederal class action lawsuit for stock fraud brought by thecompany’s shareholders, according to law firm Berman DeValerio& Pease LLP.

Pacific Gas & Electric, projecting above-target linepacktoday through Sunday, issued a customer-specific OFO effectivetoday until further notice.

After being an attractive takeover or merger target, the phonelines to Las Vegas-based Southwest Gas Corp. from prospectivesuitors are idle.

After being an attractive takeover or merger target, the phonelines to Las Vegas-based Southwest Gas Corp. from prospectivesuitors are idle, several major lawsuits having been filed overlast year’s failed merger attempts-first with a desired partner andsecond with an unwanted partner.

Citing “seasonal efficiency adjustments,” NOVA said it woulddecrease its target linepack by about 177 MMcf in gradualincrements by May 29.

Citing “increasing soil and ambient temperature” that requires adecrease in its target linepack, NOVA is offering to sell up to190,000 gigajoules to customers. The pipeline will accept purchasetenders tied to a Canadian index through 1 p.m. MDT Thursday. Thegas will be sold through inventory transfers in approximately evenincrements over a period of up to 14 days starting around May 15,NOVA said. Call Jeff Stoffregen at (403) 541-4726 or Donna Taillonat -4802 for more information.

Pacific Gas & Electric issued a customer-specific OFO totake effect today. As of Tuesday morning the utility was projectingabove-target linepack levels through Friday.

Equitable Resources said its aggressive M&A strategy isbeginning to pay off, as the company revealed a 40% jump in firstquarter 2000 earnings to $39.1 million compared to the same periodlast year. The earnings were higher than Wall Street estimates andmay trigger purchase offers for the company, according to someanalysts.