Thomas

Peoples Energy CEO Thomas M. Patrick said a review by the Illinois Commerce Commission (ICC) of the utility’s purchasing practices last year “will show that the company conducted its business prudently and that none of our practices increased costs to customers.” He added that the case is on a typical procedural schedule that would bring it to conclusion early in 2003.

CMS Energy Corp. said Monday that Thomas J. Webb, former CFO for Kellogg Co., will replace CFO Alan M Wright, who has been with the company since 1991. At the same time CMS announced a definitive agreement to sell almost all of its remaining oil and gas reserves in the Permian Basin of West Texas, as well as assets in Africa and South America, to privately held Perenco SA and its affiliated companies, which are based in France.

CMS Energy Corp. said Monday that Thomas J. Webb, former CFO for Kellogg Co., will replace CFO Alan M Wright, who has been with the company since 1991. At the same time CMS announced a definitive agreement to sell almost all of its remaining oil and gas reserves in the Permian Basin of West Texas, as well as assets in Africa and South America, to privately held Perenco SA and its affiliated companies, which are based in France.

CMS Energy Corp. said Monday that Thomas J. Webb, former CFO for Kellogg Co., will replace CFO Alan M Wright, who has been with the company since 1991. At the same time CMS announced a definitive agreement to sell almost all of its remaining oil and gas reserves in the Permian Basin of West Texas, as well as assets in Africa and South America, to privately held Perenco SA and its affiliated companies, which are based in France.

Lehman Brothers Analyst Thomas Driscoll said in a third quarter update that domestic gas production from 34 companies that have reported (representing about 60% of total U.S. production) was down about 1.8% from the second quarter, which was nearly 2% below the analyst’s expectations. Production from the group was down 0.6% from the same quarter last year. However, Driscoll expects a slight rebound in the fourth and first quarters because of seasonal trends.

Lehman Brothers Analyst Thomas Driscoll said in a third quarter update that domestic gas production from 34 companies that have reported (representing about 60% of total U.S. production) is down about 1.8% from the second quarter, which was nearly 2% below the analyst’s expectations. Production from the group is down 0.6% from the same quarter last year. However, Driscoll expects a slight rebound in the fourth and first quarters because of seasonal trends.

Constellation Energy Group reported Wednesday that Thomas V. Brooks has been named president of Constellation Power Source, the power marketing and risk management arm of Constellation’s merchant energy business. Prior to this appointment, he was Constellation Energy Group’s vice president of business development and strategy. Brooks succeeds Charles W. Shivery, who had been president and CEO of Constellation Power Source since its inception in 1997. Shivery was promoted to co-president of Constellation Energy Group in October 2000.

U.S. Chamber of Commerce President Thomas Donohue last week warned against re-opening the stock exchanges on New York City’s Wall Street before the damaged electricity and telephone grids have been repaired.

U.S. Chamber of Commerce President Thomas Donohue said he favors deferring the re-opening of the stock exchanges on New York City’s Wall Street until damaged electricity and telephone grids have been repaired.