Thermoecotek

With majority ownership in Denver-based Totem Gas Storage Co. LLC in hand following its purchase of ThermoEcotek Corp., AES Inc. plans to convert the gas field, a depleted “J” sand reservoir near Denver, into a 9 Bcf working gas storage facility. Totem would offer customers year-round storage service with delivery capabilities of more than 200 MMcf/d beginning in November 2002.