Although tainted by the infamous “E”-word now permeating American news and political-speak, Northwest Natural Gas Corp. is pressing ahead on its plan to buy Enron Corp.’s utility subsidiary Portland General Electric Co. (PGE) for $1.8 billion. The two Portland, OR-based companies plan to form a new combination utility powerhouse by the fourth quarter this year.
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CA Lands Commission Gives Okay to North Baja Gas Pipeline
Undeterred by am eleventh-hour cry of concern from a San Diego-area Congressman, the California State Lands Commission unanimously (3-0) voted to okay the California portion of the North Baja interstate natural gas pipeline that will serve two new power plants in Mexico, near the California-Mexican border. This clears the way for the U.S. portion of the project to begin construction in February. Construction in Mexico began last year.
Overall Plunges Biggest in California/Pacific Northwest
Undeterred by the fact that this week’s arctic cold front wascovering its largest area yet and showing little inclination forgoing away before the weekend, cash prices took a cue from thescreen and dropped by more than a dollar at almost all pointsTuesday. In a seeming pullback from the brink of market chaos,California and the Pacific Northwest registered plunges from about$11 to nearly $25.
Western Undeterred By Grueling Regulatory Process
Expressing frustration but continuing its resolve, Texas-basedWestern Hub Properties is ironing out some “technical issues” offinancing with California regulators and now expects to startconstruction in February on its delayed Lodi gas storage field innorthern California.
Western Undeterred By Grueling Regulatory Process
Expressing frustration but continuing its resolve, Texas-basedWestern Hub Properties is ironing out some “technical issues” offinancing with California regulators and now expects to startconstruction in February on its delayed Lodi gas storage field innorthern California.
KN Targeting IL, WI With New Project
Undeterred by those who have gone before it and failed, KNEnergy jumped into the fray with a pipeline project to servenorthern Illinois and southern Wisconsin.