Ending months of speculation, Oneok Inc. said Thursday that it has decided not to purchase Westar Energy Inc.’s 42.5% stake in Oneok. The company’s board of directors said it decided that Oneok’s energies would be better spent on focusing on building shareholder value through growth, profitability and performance.
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AGLC Sees 25% Drop in Third-Party Damage
Atlanta Gas Light Co. (AGLC) has seen a 25% drop in third party damage to its gas pipelines over the past two years thanks to a program it installed in 1999. The damage prevention program has led to greater awareness by contractors and others of the need to protect AGLC’s 55,584 miles of pipe in Georgia.
Steep Price Spikes Expected to Reverse Again for Weekend
Thanks to the one-two punch of a much-below-expectations storage injection report and somewhat premature winter weather that was producing near-blizzard conditions in parts of the Upper Plains and Upper Midwest, spot prices spiked intensely Thursday for gains in excess of 40 cents nearly across the board.
ISO New England Sees Adequate Power Supply
Thanks to the addition of several new power plants throughout the New England region over the past two years and more generation set to come online in the near future, ISO New England Inc. last Tuesday said that there should be a sufficient supply of electricity to meet New England’s energy needs this summer. But it also warned that extremely hot days or a prolonged heat wave could force the implementation of conservation measures.
ISO New England Sees Adequate Power Supply
Thanks to the addition of several new power plants throughout the New England region over the past two years, and more generation set to come on-line in the near future, ISO New England Inc. yesterday said that there should be a sufficient supply of electricity to meet New England’s energy needs this summer, but also warned that extremely hot days or a prolonged heat wave could force the implementation of conservation measures.
CA Expected to Meet Summer 2001 Demand
Californians looking for something to give thanks for this weekmight want to read a new report from the California EnergyCommission, which claims that the state should have enough power tomeet its electricity demand next summer, barring extraordinarilyhot weather. The CEC’s findings relied in part on the addition ofnew generation that is expected to be available next year, most ofwhich is being built by Calpine Corp.
OFO Keeps PG&E Citygates Out of Firming Market
Thanks to impending colder weather in the major northern marketareas along with some extra boost from a rising screen, overallcash prices ranged from flat to about a nickel higher Thursday,with increases of 3-6 cents tending to occur most frequently.
Panhandle Inks Supply Deal with FirstEnergy
Thanks to a new deal with CMS Energy’s Panhandle EasternPipeline Co., three FirstEnergy gas turbines in Defiance, OH, willenjoy a 15-year supply of gas. The agreement makes FirstEnergyPanhandle’s seventh power plant customer.
Panhandle Inks FirstEnergy to Supply Deal
Thanks to a new deal with CMS Energy’s Panhandle EasternPipeline Co., three FirstEnergy gas turbines in Defiance, OH, willenjoy a 15-year supply of gas. The agreement, announced yesterday,makes FirstEnergy Panhandle’s seventh power plant customer. Neitherthe volumes nor the financial terms of the transaction weredisclosed.
Bailey Considers Leaving FERC; Hoecker Renominated
FERC Chairman James J. Hoecker was eager to give thanks lastweek after recently being renominated for a fresh term by PresidentClinton, but Commissioner Vicky Bailey seems burned out and readyto plan her departure.