Mirant Canada Energy Marketing Ltd. closed its purchase of TransCanada Gas Services from TransCanada PipeLines Ltd. last week opening the biggest energy trading floor in Canada with 80 specialists swinging into action in downtown Calgary’s newest office tower. The changing fortunes among energy merchants propelled Mirant into prominence north of the border at a time of high expectations and anxiety among producers alarmed by the Enron debacle.
Turns
Articles from Turns
No Relief in Sight for Weary Bulls
Bulls and bears took turns yesterday in the gas pit at Nymex as light buying pressure throughout the morning morphed subtly into selling interest in the afternoon. As a result, prices did not stray very far from center with most months able to eke out minimal advances for the session. The July contract finished at $3.747, which was 1.3 cents higher on the day.
June 22, 2001
Barrett Turns Back Shell’s Latest Offer
Denver-based Barrett Resources Corp. again played David to Goliath on Monday, announcing that its board of directors, “based upon opinions that it received from its financial advisers and other factors,” unanimously rejected as inadequate Shell Oil Co.’s $60 per share cash tender offer made last week (see Daily GPI, April 27). The board also recommended that shareholders not tender the Shell offer or grant any written consents that Shell might seek.
May 1, 2001
As Expected, Market Turns Lower on Storage Refill
On the heels of bearish storage data released yesterday afternoon and ahead of the three-day weekend, gas futures tumbled lower for the second time in the last eight trading sessions Wednesday as speculative longs headed for the exits. The May contract was thehardest hit by the selling. It tumbled 17.4 cents to close at $5.385. Nearly as battered was the 12-month strip, which took back 15.2 cents of its recent advance toclose at $5.479.
April 12, 2001
Reliant Plant Turns Waste Coal to Power
Bucking the current trend of building natural gas-fueled power plants, Reliant Energy Seward LLC — a unit of the Reliant Energy Wholesale Group — reported that it has plans in the works to build a power generating facility in western Pennsylvania that will use the latest clean-coal technology on waste coal.
March 26, 2001
Reliant Plant Turns Waste Coal to Power
Bucking the current trend of building natural gas-fueled powerplants, Reliant Energy Seward LLC — a unit of the Reliant EnergyWholesale Group — reported that it has plans in the works tobuild a power generating facility in western Pennsylvania that willuse the latest clean-coal technology on waste coal.
March 20, 2001
Enron Turns Energy into Oatmeal
Energy management contracts continue to pop up in the strangestplaces, as Enron Energy Services (EES) found in taking over theenergy needs of the Quaker Oats Co. The deal announced last weekcovers 17 of the company’s packaged food and beverage facilities.Enron said the multi-million dollar deal is good for 10 years.
February 26, 2001
Enron Turns Energy into Oatmeal
Energy management contracts continue to pop up in the strangestplaces, as Enron Energy Services (EES) found in taking over theenergy needs of the Quaker Oats Co. The deal announced yesterdaycovers 17 of the company’s packaged food and beverage facilities.Enron said the multi-million dollar deal is good for 10 years.
February 22, 2001
KeySpan Turns Gas Off for 650 IT Customers
Cold weather and strong demand in the Northeast forced KeySpanEnergy shut-off supplies to 650 interruptible commercial customerson Long Island on Christmas eve.
December 28, 2000
MNG Turns Valve for Calpine, Campus and Gorham
Maine Natural Gas (MNG), a joint venture between the CMP Groupand Energy East, began delivery of natural gas to Calpine Corp.’snew 540 MW electric generating facility last week. The new powerplant is located in Westbrook, ME. The LDC also began supplying gasto the University of Southern Maine (USM) and parts of Gorham, ME.
October 30, 2000
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
