Vast

Continuing its vast divestiture program, TransCanada PipeLinesagreed to sell four natural gas pipelines and gas marketingbusinesses in Mexico to GDF International SA, a subsidiary of Gazde France for approximately $150 million. The deal includesinterest in a 700-kilometer pipeline, interest in another200-kilometer pipeline under construction, a marketing company anda company offering bundled energy services.

Achieving a vast amount of success in Georgia’s newlyderegulated retail gas industry came at a significant price, SCANAsaid last week as the South Carolina-based company reported 1999earnings of $179 million, or $1.73/share of common stock, down from$223 million, or $2.12/share in 1998.

Canada’s Yukon Territory aims to start a new Klondike rush -this time for natural gas, and oil too if there is any, in Canada’svast northwestern corner next to Alaska.

Canada’s Yukon Territory aims to start a new Klondike rush -this time for natural gas, and oil too if there is any, in Canada’svast northwestern corner next to Alaska.

U.S. energy marketing companies seem to be overlooking asuccessful method of drawing in vast numbers of retail customers.”Affinity” marketing, which involves striking exclusive allianceswith large organizations and companies to offer services to theirmembers and employees, is a marketing method that has proved quitesuccessful in the United Kingdom but largely has been untried inthe U.S., New York-based Datamonitor said in a new study.

Lacking any impetus from fundamentals or a sedate futuresscreen, the vast majority of points settled down for a level ridein a quiet market Wednesday. The few increases of any size occurredin the Rockies and California and were attributed to supplyconstraints and continuing heavy air conditioning load.