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Duff & Phelps Credit Rating Co. has assigned ratings tosecurities issued by Kelvin Ltd. (Kelvin) that represent thefirst-ever securitization through the capital markets of aportfolio of weather-related risks aggregated by Koch EnergyTrading.

In the event of a Y2K-related disruption, Transcontinental GasPipe Line said any imbalances that are incurred on advancenominations by shippers during the first seven days of the New Yearwill be exempt from cashout penalties.

Enron Americas LNG Co. has withdrawn its protest alleging that Southern LNG Inc. showed preferential treatment when it awarded the entire capacity of its facility on Elba Island in Georgia, which it is seeking to reactivate, to its marketing affiliate. Since filing the protest in August, the two companies “have negotiated a commercial resolution regarding the future use of the Elba Island Terminal.” Enron LNG said it now supports Southern LNG’s bid for a preliminary determination by Dec. 31 and final approval in the first quarter of 2000 to upgrade and reactivate the mothballed terminalling facility. (See Daily GPI, Aug. 19).

Marking a clean sweep through the shareholder votes of its threepotential mergers, Energy East announced yesterday that stockholders of CTG Resources had “overwhelmingly” approved the proposeddeal. Energy East said it expects the CTG merger to be finalized bythe end of the second quarter next year. The CTG shareholdersapproved the transaction yesterday at a special meeting inHartford, CT.

Sonat lifted two forces majeure Friday. One was related to thecompletion of valve maintenance at the Dalton (GA) #2 delivery point(see Daily GPI, Oct. 15) that had begunThursday; the other had begun Oct. 3 in conjunction with a shut-intest and engine maintenance at the Bear Creek (LA) Storage Facility.

In an effort to increase their access to deep-water gas, TheCoastal Corp. announced last week that subsidiaries of ANR Pipelineentered in a series of agreements under which they collectivelyhave become joint owners in a new holding company, DeepwaterHoldings L.L.C. The financial terms were not disclosed.

In an effort to increase their access to deepwater gas, TheCoastal Corp. announced yesterday that subsidiaries of ANR Pipelinehave entered in a series of agreements under which theycollectively have become joint owners in a new holding company,Deepwater Holdings L.L.C. The financial terms were not disclosed.

SRS (Strategic Resource Solutions Corp.), a subsidiary ofCarolina Power & Light has announced the launch of a newInternet-based system that helps clients improve facility controland reduce operating costs. SiteNetT Command Center, the latestweb-based solution from SRS, enables clients to integrate multiplesites for centralized energy and facility management. Based onInternet and Intranet standards, SiteNet Command Center integratesmultiple facility systems through a Single Window(SM) forcentralized navigation, monitoring and control of facility andenergy information. Using a standard web browser, clients havereal-time access to their facility solutions, ranging from buildingcontrol systems to energy, maintenance and asset managementsystems. SiteNet Command Center is an integrated tool formonitoring and managing maintenance, operations and energy costs,as well as preparing for energy negotiations in a deregulatedutility market.

Semco Energy Inc. of Port Huron, MI, broadened its presence inthe southern United States by acquiring two construction companiesand an engineering firm that provide services mainly to gas andtelecommunications companies.