Tennessee initiated storage constraints Saturday that included no injections or transfers into interruptible accounts. See the bulletin board for other restrictions that will remain in effect until further notice.
Transfers
Articles from Transfers
El Paso Sells Cedar Brakes to Bear Stearns, Transfers Supply Pact to Constellation
El Paso Corp. took several more steps last Wednesday in its effort to sell its domestic power portfolio and reduce its debt. The company said it is selling interests in its Cedar Brakes I and II power companies, which supply Public Service Electric and Gas Co., to Bear Stearns affiliate Arroyo Energy Investors LP for $106 million.
Capgemini Transfers 2,700 Staff from TXU, Names Executives
Capgemini Energy LP, a joint venture formed by Capgemini America Inc. and TXU Corp., began operation on Thursday with a complete leadership structure drawn from both parent companies.
Bankrupt PG&E NEG Again Postpones Plant Transfers
In another indication that the energy industry’s growing number of distressed assets aren’t easy to move, PG&E Corp.’s bankrupt National Energy Group (NEG) announced Wednesday that it again is postponing the shift of six power plants to groups of lenders led by French and U.S. banks.
Bankrupt PG&E NEG Again Postpones Plant Transfers
As another indication that the energy industry’s growing number of distressed assets aren’t easy to move, PG&E Corp.’s bankrupt National Energy Group (NEG) announced Wednesday that it again is postponing the shift of six power plants to groups of lenders led by French and U.S. banks.
Amerada Hess Shakes Up Operations with Asset Sales, Property Transfers, Layoffs
Amerada Hess Corp. on Monday sold 26 of its Gulf of Mexico shelf properties to Anadarko Petroleum Corp., transferred ownership of North Sea properties to EnCana Corp. and announced the lay off of about 30% of its workforce in a shakeup to reduce costs and improve its bottom line.
Kinder Morgan Transfers $300M in Assets to MLP
Kinder Morgan, Inc. announced plans to contribute $300 millionin assets to Kinder Morgan Energy Partners, L.P., the company’smaster limited partnership. The largest asset to be contributed isKinder Morgan Texas Pipeline, formerly MidCon Texas, a 2,600-milenatural gas pipeline system that extends from South Texas toHouston along the Texas Gulf Coast.
AmerenCIPS Transfers 2,900 MW to Affiliate
AmerenCIPS transferred $600 million in power generationfacilities (2,900 MW) to a newly created nonregulated Ameren Corp.subsidiary, AmerenEnergy Generating Co. The generation holdings ofthe new unit are expected to balloon to 5,400 MW and $1.7 billionin book value by 2005, the company said, noting it is in theprocess of building another 2,500 MW.
El Paso Transfers Alabama Midstream Assets to MLP
El Paso Energy Partners LP, formerly Leviathan Gas PipelinePartners LP, said it has entered into a letter of intent with asubsidiary of El Paso Energy Corp. to buy El PasoIntrastate-Alabama Inc. (EPIA) for $24.5 million in cash. EPIA ownsand operates 450 miles of gathering and transmission pipelines andrelated compression facilities in the Black Warrior Basin inwestern Alabama.
El Paso Transfers Alabama Midstream Assets to MLP
El Paso Energy Partners LP, formerly Leviathan Gas PipelinePartners LP, said it has entered into a letter of intent with asubsidiary of El Paso Energy Corp. to buy El Paso Intrastate -Alabama Inc. (EPIA) for $24.5 million in cash. EPIA owns andoperates 450 miles of gathering and transmission pipelines andrelated compression facilities in the Black Warrior Basin inwestern Alabama.