Traditional

To prosper in the new energy economy, Enron COO Jeffrey K.Skilling says oil and gas companies need to trash their traditionalbusiness models and instead reshape themselves to resemble Toyotawhen it captured the imagination and pocketbook of U.S. consumers30 years ago.

In less than two years, the energy industry has been transformedfrom a traditional service industry into a real-time convergence ofinformation, work flows, e-business and knowledge, and thosecompanies that don’t keep pace to benefit from the new age willbecome victims, regardless of what they have to offer.

In less than two years, the energy industry has been transformedfrom a traditional service industry into a real-time convergence ofinformation, work flows, e-business and knowledge, and thosecompanies that don’t keep pace to benefit from the new age willbecome victims, regardless of what they have to offer.

Transcontinental Gas Pipe Line defended its 700 MMcf/dMarketLink project against charges it is not supported by themarket because many of its contracts with shippers contain rightsto terminate under certain circumstances. Singling out the protestsand “motions to reject” of CNG Transmission and ConsolidatedEdison, Transco reminded the Commission many of its agreements arenot unlike those filed to support other projects. A few contracts,about 34% of its capacity, are , however, a little different thanwhat has arrived at the Commission in the past, the pipelineacknowledged.

After less than two years as president of NGC Corp., TomMatthews is leaving the company for an organization he considers anon-traditional utility, Washington Water Power (WWP). He said thecompany he will run as CEO and chairman of the board is among abouta half dozen utilities that have been “inventive and creative” inresponding to deregulation.