Trust

Calgary-based PrimeWest Energy Trust said Tuesday it will acquire some complementary natural gas and crude oil properties in two regions of Alberta for C$206 million. The properties, weighted 86% to natural gas, are located in the Caroline and Peace River Arch areas.

Dynegy Inc. on Tuesday increased the combined brain trust and streamlined the responsibilities within its finance department, appointing three current senior officers to direct the company’s financial, accounting and strategic planning duties. The new organizational approach was approved by the company’s board of directors, and all three will report to interim CEO Dan Dienstbier.

The Williams Cos. expects a restructuring of $1.4 billion in notes issued by the WCG Note Trust, an indirect wholly-owned subsidiary of Williams Communications Group Inc., to be completed in the “very near future,” after favorable talks with investors.

APF Energy Trust said yesterday it will pay C$90 millionincluding debt to acquire all of the outstanding shares of AllianceEnergy Inc., which will double APF’s daily oil and gas production.APF said it would pay the equivalent of 0.201 APF shares for eachAlliance share, or C$2.02 per share up to a maximum of 2.2 millionunits or C$35 million.

Enron Energy Services and Macerich Co., a publicly traded realestate investment trust, announced a 10-year energy managementagreement for more than 40 wholly-owned and joint ventureproperties. Enron will manage the supply of electricity and naturalgas and provide related energy management services for theproperties, including energy infrastructure upgrades.

Just days after winning anti-trust clearance from the Departmentof Justice (DOJ), the proposed merger of Philadelphia-based PECOEnergy Co. and Unicom Corp. of Chicago, parent of CommonwealthEdison Co., got some more good news yesterday — it sailed throughFERC with no conditions attached.

Can you trust a marketer with all of your regulated assets? It’sa question many LDCs are asking themselves these days asderegulation and competition are stranding more and more supplycontracts, upstream transportation and storage. But there’s no easyanswer, according to several panelists speaking at NGI’sGasMart/Power ’99 in Dallas last week.

Can you trust a marketer with all of your regulated assets? It’sa question many LDCs are asking themselves these days asderergulation and competition are stranding more and more supplycontracts, upstream transportation and storage. But there’s no easyanswer, according to several panelists speaking at GasMart/Power’99 in Dallas yesterday.