Terms

Under the terms of an agreed court order announced Tuesday,Naperville, IL-based Nicor Inc. must identify all the homes toinspect for possible mercury contamination that occurred frommishandled gas regulators.

Under terms of a deal already announced, Southern CaliforniaEdison last week continued shopping its interests in nuclear andcoal-fired generating plants in the Southwest. In play are 1,300MWs for which Edison already has an offer of $550 millioncollectively from Arizona-based Pinnacle West Energy Corp.

Under terms of a deal already announced, Southern CaliforniaEdison last week continued shopping its interests in nuclear andcoal-fired generating plants in the Southwest. In play are 1,300MWs for which Edison already has an offer of $550 millioncollectively from Arizona-based Pinnacle West Energy Corp.

Much like the rest of the majors, Phillips Petroleum is back ontrack in terms of strong financial results with $221 million in netincome in the third quarter, up from $46 million for the sameperiod last year. But CEO Jim Mulva said the sale of its midstreamGPM business, and possible “joint venturing” of its chemicals,refining and marketing operations are still on. The GPM sale isexpected to take place before the end of the year.

For both regulators and legislators, California is awash in”unfinished business” in terms of getting its pioneering electricpower restructuring effort to result in robust competition, lowerprices and more significant choices for mass retail consumers,according to a variety of speakers at a two-day conferenceexamining the state’s 18-month-old experiment.

Tennessee Gas Pipeline is violating the Negotiated Rates Policystatement in attempting to keep secret rollover agreements with twocustomers to extend capacity contracts for three to four yearsbeyond their November, 2000 expiration date, according to a protestfrom producer shippers. And the shippers fear there may be othersin the near future because much of Tennessee’s capacity is undercontracts expiring Nov. 1, 2000 which require notification a yearin advance of the deadline.

Tennessee Gas Pipeline is violating the Negotiated Rates Policystatement in attempting to keep secret rollover agreements with twocustomers to extend capacity contracts for three to four yearsbeyond their November, 2000 expiration date, according to a protestfrom producer shippers. And the shippers fear there may be othersin the near future because much of Tennessee’s capacity is undercontracts expiring Nov. 1, 2000 which require notification a yearin advance of the deadline.

Georgia Natural Gas Services (GNGS) has equaled or even may haveovertaken Scana as Georgia’s leading marketer in terms of pipelinecapacity share, a GNGS executive said on Monday. With 30% of thepipeline capacity, GNGS is in line to be assigned another 120,000customers when the Georgia Public Service Commission (GPSC)determines random assignment tomorrow.

Columbia Energy Group’s (CG) board once again told NiSource, inno uncertain terms, to take a hike last week and urged CGshareholders to reject NiSource’s $68/share ($5.7 billion) hostiletakeover offer. NiSource took its offer to shareholders June 25 andsaid it will continue to fight for the deal. It had no tally ofshares tendered as of last week but said numbers would be availablesoon.