Touts

The key lessons learned in the financial massacre of leading gas and electric companies are that “balance sheet matters…real cash flow matters…assets matter…and dividends matter,” Southern Co.’s CFO Gale Klappa told the Banc of America Securities Energy & Power Conference last Wednesday.

Chevron Corp’s proposed agreement to acquire Texaco Inc. for$35.7 billion in stock would, if given the go-ahead by federalregulators, put the merged company into the “Super Major” League ofproducers worldwide and domestically. It would create the thirdlargest natural gas and oil producer in the United States.

U.S. Energy Secretary Spencer Abraham said the federal government has received 13 proposals from utilities and private investors to expand California’s major north-south power transmission bottleneck, called Path 15. The long-neglected constraint has been cited frequently as one of the major causes of power shortages in the state, and the Bush administration targeted the bottleneck as an area in need of immediate help.

An already bullish California oil/gas developer with both deep-drilling and shallow gas exploration in separate parts of Kern County received another shot of optimism earlier this month on reports that EOG Resources plans to expand its oil drilling program in the general area within 10 or 15 miles of the town of Delano, CA. EOG officials in Denver denied having any such plans.

An already bullish California oil/gas developer with both deep-drilling and shallow gas exploration in separate parts of Kern County received another shot of optimism earlier this month on reports that EOG Resources plans to expand its oil drilling program in the general area within 10 or 15 miles of the town of Delano, CA. EOG officials in Denver denied having any such plans.

PPL EnergyPlus has outgrown its home and is searching for a new one to house its rapidly growing energy marketing and trading operations. The company said it is evaluating sites around the Lehigh Valley.

PPL EnergyPlus has outgrown its home and is searching for a new one to house its rapidly growing energy marketing and trading operations. The company said it is evaluating sites around the Lehigh Valley.

Although there remains a dearth of retail electricity choice in Ohio, residents can take some comfort in knowing that they are protected by a wide range of consumer standards, and that the state will not ignore attempts to abuse Ohio’s evolving energy marketplace, according to a new report issued last Tuesday by the Ohio Consumers’ Counsel.

Although there remains a dearth of retail electricity choice in Ohio, residents can take some comfort in knowing that they are protected by a wide range of consumer standards, and that the state will not ignore attempts to abuse Ohio’s evolving energy marketplace, according to a new report issued Tuesday by the Ohio Consumers’ Counsel.