Western Canadian gas is poised to play a larger role in the U.S.supply picture at a time when gas-directed drilling activity hasfar surpassed oil activity in the region, according to the CanadianEnergy Research Institute (CERI).
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Enron A Palm Springs Drop-Out
Enron Corp. has eliminated the last vestiges of its one-timehigh-profile venture into California’s residential electricitymarket by pulling out of its deal with the resort city of PalmSprings. Enron was the energy service provider for a citygovernment-established aggregation business, which had about 2,000mostly residential customers lured away from the local monopolyprovider, Southern California Edison.
Enron Drops Palm Springs
Enron Corp. has eliminated the last vestiges of its one-timehigh-profile venture into California’s residential electricitymarket by pulling out of its deal with the resort city of PalmSprings. Enron was the energy service provider for a citygovernment-established aggregation business, which had about 2,000mostly residential customers lured away from the local monopolyprovider, Southern California Edison.
Enron Paying $100M to Name Houston Ballpark
If you build it, a corporate sponsor will come. This time aroundit’s Houston’s new baseball stadium, and Enron Corp. said last weekit will pay $100 million over 30 years for naming rights to theballpark to be known as Enron Field. Enron Energy Services (EES)also will provide energy management to the facility.
Enron Paying $100M to Name Houston Ballpark
If you build it, a corporate sponsor will come. This time aroundit’s Houston’s new baseball stadium and Enron Corp., which saidWednesday it will pay $100 million over 30 years for naming rightsto the ballpark to be known as Enron Field. Enron Energy Services(EES) also will provide energy management to the facility.
NEB Outlines Competitive Policy in Approving Vector
For the second time in five months, the National Energy Boardhas served notice that competition has arrived to stay in theCanadian natural gas pipeline community.
Midcoast Targeting Canadian Midstream
Midcoast Energy of Houston continued an ongoing buying spree last week. This time, however, the company has set its sights to the North. Subsidiary Midcoast Canada Operating Corp. bought the Calmar gas treating plant and gathering system in Alberta from Probe Exploration Inc. for C$20 million (US$13.2 million). The company said it has its sights on similar acquisitions in the future.
CA’s First Merchant Gas Storage Set to Open
Wild Goose Storage, California’s first merchant natural gasstorage facility, is set to begin operations April 1, at the sametime the state’s second merchant storage project gets a publicairing of its 18 Bcf proposal.
MidAmerican, CalEnergy Get IUB Nod, Close Merger
CalEnergy Co. Inc. and MidAmerican Energy Holdings Co. formallyclosed their merger Friday, marking the first time that anindependent power producer has acquired a traditional gas andelectric utility. The Iowa Utilities Board’s (IUB) recent approvalof the deal cleared the way for it to be completed.
Softness Prevails as Futures Founder into the Weekend
For ninth time in the last 10 trading sessions, natural gasfutures were lower last Friday as sellers pressured theprompt-April contract to its life-of-contract low. No freshfundamental news was seen to lift the market, and as a result itfollowed the long-standing trend 3.1 cents lower to $1.628.