Venture Capitalist Sees Internet Revolution for Energy

Venture capitalist Oliver Curme is looking for big things fromAltra Energy Technologies. Last year the company in which he’s apartner, Battery Ventures, bought a majority stake in Altra, whichoffers real-time electronic trading of energy. “I put $10 millionof my company’s money into Altra Energy Technologies,” he toldattendees at Zeus Development’s Interactive Energy conference inHouston earlier this week. “I believe, like many of you do, thatthere’s a gold mine to be made in interactive energy, and I put mymoney where my mouth is. In fact, my neck is really stretched onaccount of my belief to the tune of $10 million. But Altra’s areally great company. I’m pretty sure it’s going to be a winner.”

September 4, 1998

ONG Mulling Upstream Unbundling Order

Oklahoma Natural Gas (ONG) is digesting the Oklahoma CorporationCommission’s (OCC) recently released upstream unbundling order andfinding at least a few things it does not like. “Generally, basedon what we’ve seen in the order thus far, there is concern on thepart of management that the order as it exists now could curtailthe ability of our affiliate ONEOK Gas Transportation Co. (OGT) tocompete effectively in the marketplace,” said spokesman Don Sherry.”Our management’s considering where we go from here. Presumably theorder was described as an interim order. Presumably, there may beadditional options available to us at the Oklahoma CorporationCommission. Presumably there are legal options as well, but none ofthat has been decided at this moment.”

August 4, 1998
1 10 11 12 Next ›