Dominion Resources said last week it will eliminate 700 jobs asa result of its merger with Consolidated Natural Gas. About half ofthe employees affected already have left, the company said. The jobcuts and improved efficiencies created by the merger are expectedto save the company at least $75 million in 2000.
Year
Articles from Year
ANR Gets Green Light for Transco Interconnect
ANR Pipeline last week won a two-year battle at FERC to build adirect interconnect to Transcontinental Gas Pipe Line’s mainlinefacilities at Evangeline Parish, LA — near the site of an activenatural gas sales market.
Enron to Supply, Manage Power for Sonoco
Enron Energy Services signed a six-year, $210 million energymanagement agreement with Sonoco yesterday that is designed toensure electricity savings at more than 150 Sonoco manufacturingplants and facilities nationwide.
Williams Inks Another Term Deal with AES
Williams and AES Corp. re-lit the flame of their cozyrelationship yesterday. Williams signed a 20-year agreement withAES to supply gas and market 832 MW of generating capacity andassociated energy and ancillary services from AES’ planned Red Oakpower facility in Sayreville, NJ. Financial terms of the agreementwere not disclosed.
NiSource-Columbia Deal May Jeopardize Millennium
Events over the past year at the Federal Energy RegulatoryCommission have cast a dark cloud over the fate of the $650 millionMillennium Pipeline project, but that cloud got a lot darker lastweek. NiSource’s announcement that it is buying Columbia EnergyGroup, Millennium’s lead sponsor, for $6 billion with $2.5 billionin debt assumption, may have all but killed the pipeline project.
NiSource-Columbia Deal May Jeopardize Millennium
Events over the past year at the Federal Energy RegulatoryCommission have cast a dark cloud over the fate of the $650 millionMillennium Pipeline project, but that cloud got a lot darker lastweek. NiSource’s announcement that it is buying Columbia EnergyGroup, Millennium’s lead sponsor, for $6 billion with $2.5 billionin debt assumption, may have all but killed the pipeline project.
Leap Year Day Sees Rising Prices Except in California
Prices for the last day of February were generally on theupswing Monday, ranging from flat in California to more than a dimehigher at a few Northeast points.
New Brunswick, Quebec Explore Missing Pipeline Link
After about half a year of negotiations, a first step has beentaken towards filling in the last missing link in the Canadianeast-west pipeline grid for natural gas. The Quebec and NewBrunswick governments set a date of Feb. 28 for a formal signingceremony for an agreement-in-principle on promoting construction ofa gas link between their provinces.
FERC to Eliminate Optional Certificates
Seeking convergence in its certificate policy, the FederalEnergy Regulatory Commission proposed phasing out its 15-year oldoptional expedited certificate, saying “expedited” is now amisnomer and all pipeline certificates should be required to passunder the “public convenience and necessity” bar.
FERC to Eliminate Optional Certificates
Seeking convergence in its certificate policy, the FederalEnergy Regulatory Commission has proposed phasing out its 15-yearold optional expedited certificate, saying “expedited” is now amisnomer and all pipeline certificates should be required to passunder the “public convenience and necessity” bar.