Together

In a move that brings together two of the energy industry’s800-pound gorillas, Texaco and Enron North America announced lastweek they are combining their Louisiana pipeline and storage assetsin a new joint venture called Bridgeline Holdings LP.

In a move that brings together two of the industry’s 800-poundgorillas, Texaco and Enron North America announced yesterday theyare combining their Louisiana assets and marketing in a new jointventure called Bridgeline Holdings LP.

Enron and Peoples Energy put their Chicago market muscletogether last week in a wholesale services partnership and energyasset optimization package that likely will impact the Midwestmarket for years to come. With the help of Enron, Peoples will beefup its Chicago gas infrastructure and secure about two thirds ofits gas supply requirements for the next five years.

Peoples Energy Corp. and Enron North America Corp. (ENA), asubsidiary of Enron Corp., are partnering to target the Chicagoenergy market. Enron and Peoples plan to form a joint entity toexpand and enhance Peoples’ existing gas market hub and providemarketing services to the 1.1 Tcf Chicago marketplace. The newentity will optimize 10 to 20 Bcf/year of Chicago area storagecapacity and related transportation and will provide physical andfinancial product and service offerings, such as balancing,storage, exchange, and title tracking for hub customers.

Semco Energy Inc. of Port Huron, MI, agreed to buy EnstarNatural Gas and the Alaska Pipeline Co. (together known as Enstar)for $290 million in cash. The Anchorage, AK-based gas distributionsystem and transmission company are currently owned by Ocean EnergyInc.

Semco Energy Inc. of Port Huron, MI, agreed to buy EnstarNatural Gas and the Alaska Pipeline Co. (together known as Enstar)for $290 million in cash. The Anchorage, AK-based gas distributionsystem and transmission company are currently owned by Ocean EnergyInc.

The merger bandwagon continued Monday with the announcement of a$2 billion deal that would bring together Illinois-headquarteredIllinova Corp., which has a strong Midwest power generation baseand a developing national energy services business, withHouston-based Dynegy Inc., a leading marketer of energy productsand services. The merged company would be called Dynegy.

Dallas-based Texas Utilities Co. is changing its name to TXU,which is also the company’s stock symbol. The action bringstogether divisions and subsidiaries, domestic and international,under one name. TU Electric/Lone Star Gas, the company’s largestdomestic operation, will be renamed TXU Electric & Gas.

New York’s utilities, independent power producers, marketers andlarge energy consumers have banded together for the first time toshow their support for Governor George Pataki’s plan to restructurethe state’s energy tax system and give back about $150 million/yearin gas and electricity tax revenue.