Three

Ohio Bill Would Bolster Columbia’s Defense

A day after a Delaware Judge dismissed one of three NiSourcelawsuits against Columbia Energy Group, NiSource suffered yetanother setback in its battle for a hostile takeover of Columbia.Ohio State Representative David Goodman (R-Bexley), who already haspublicly opposed the merger, has introduced legislation designed toclose a loophole in Ohio law that would allow hostile takeovers ofgas utilities to take place without public review and scrutiny.Goodman was joined as sponsor of the legislation by 77 of the 99members of the Ohio House of Representatives.

September 24, 1999

Industry Brief

UtiliCorp Energy Management (UEM) has been awarded a three-yearcontract to manage the energy requirements of Ash Grove Cement, anOverland Park, Kan.-based company operating facilities in ninewestern states. Financial terms of the agreement were notdisclosed. UEM will manage the cement company’s energy procurement,supply management, contract negotiations, and reporting and billingservices, as well as identify and implement energy cost reductionstrategies. UEM said the deal was important because it improves thegeographic presence of the company. Ash Grove Cement annually usesmore than 6.5 Bcf and 600,000 MWh at its facilities.

September 22, 1999

Softening Is Mild in East, More Severe in West

After prices nose-dived during September’s first three days oftrading, a number of traders thought they would never get back toindex levels during the month. Then after steady increases in theweek after Labor Day put quite a few points around or near indexesagain, there were those who said prices were likely to weaken butcertainly wouldn’t plunge to those early-September depths again.

September 20, 1999

PA LDCs File Restructuring Plans

Three Pennsylvania LDCs filed restructuring plans with thePennsylvania Public Utilities Commission (PUC) last week to expandsupplier choice within the state. Filing plans were Columbia Gas ofPennsylvania, Peoples Natural Gas and PG Energy, a subsidiary ofPennsylvania Enterprises Inc. As part of the Natural Gas Choice andCompetition Act passed by the Pennsylvania General Assembly June17, each gas utility is required to submit a restructuring plan tothe PUC by Nov. 1.

August 9, 1999

PA LDCs File Restructuring Plans

Three Pennsylvania LDCs filed restructuring plans with thePennsylvania Public Utilities Commission (PUC) last week to expandsupplier choice within the state. Filing plans were Columbia Gas ofPennsylvania, Peoples Natural Gas and PG Energy, a subsidiary ofPennsylvania Enterprises Inc. As part of the Natural Gas Choice andCompetition Act passed by the Pennsylvania General Assembly June17, each gas utility is required to submit a restructuring plan tothe PUC by Nov. 1.

August 9, 1999

Canadian Midstream Makes First Acquisition

New to the scene as of three months ago, privately held CanadianMidstream Services Ltd. (CMSL) made its first acquisition when itacquired a significant interest in sour natural gas processingfacilities in west central Alberta from Poco Petroleum. Formed inCalgary by four former executives of Pan East Petroleum, which wasbought by Poco in December, CMSL aims to capitalize on assetacquisition opportunities.

July 20, 1999

Enron Continues to Push Outsourcing Services

Enron Energy Services (EES) inked its second major energymanagement outsourcing contract in the last three months Tuesday,as Suiza Food Corp., a Dallas-based manufacturer and distributor ofdairy products, agreed to receive comprehensive energy managementservices at more than 50 manufacturing facilities in 24 states.Although no amounts were disclosed, Enron did say the ten-year dealis its biggest outsourcing contract.

July 14, 1999

Despite Warm Weather Traders Don Bear Coats

After a volatile three days of seller-dominated trading Tuesday,Wednesday and Thursday last week, the futures market was quietFriday as light pre-weekend short covering was almost perfectlymatched by follow-through selling. The August contract could manageonly a 4.5-cent trading range before finishing 0.1 cents higher forthe day at $2.163. Estimated volume was relatively modest, with55,158 contracts changing hands.

July 12, 1999

Duke to Send Sawgrass Pipeline into Florida

Two would go by sea, and now one would travel on land, makingfor three brand new pipeline projects targeting the Floridapeninsula and the state’s substantial growth in power generationgas demand.

July 12, 1999

Duke’s Sawgrass Pipeline to Invade Florida

Two would go by sea, and now one would travel on land, making for three brand new pipeline projects targeting the Florida peninsula and the state’s substantial growth in power generation gas demand.

July 12, 1999