Years

The speed at which energy companies embrace the Internet isexpected to accelerate for at least two more years, after whichcompanies that have aggressively invested in eBusiness will moveahead of competitors because of expanded revenue growthopportunities and reduced cost structures. At least that’s what anindustry survey by energy adviser Cap Gemini Ernst & Young U.S.LLC suggests.

The speed at which energy companies embrace the Internet isexpected to accelerate for at least two more years, after whichcompanies that have aggressively invested in eBusiness will moveahead of competitors because of expanded revenue growthopportunities and reduced cost structures. At least that’s what anindustry survey by energy adviser Cap Gemini Ernst & Young U.S.LLC suggests.

Enron Energy Services inked another commodity managementagreement yesterday with Rich Products Corp. for 11 years. Underthe $130 million-plus agreement, the Enron Corp. subsidiary willmanage electricity and natural gas services. Enron said theagreement covers Rich Products’ 18 major facilities in Wisconsin,New York, Tennessee, California, Ohio, Massachusetts, Illinois,Virginia, New Jersey, Georgia and Texas. Along with supplyingelectricity and natural gas, Enron will offer ongoing billingservices for all of the facilities. “Our partnership with Enronallows us access to a reliable and economical supply of electricityand natural gas,” said Mike Bingham, Rich’s executive vicepresident, operations. “Ultimately, it’s about deliveringincreasing value to our customers.” Rich Products is one of theU.S.’s largest family-owned food companies, with annual sales of$1.4 billion, and more than 7,000 employees. Regional offices arelocated in 53 countries, and specialize in bakery and dessertproducts and field technical support services.

A deal reached last year that transferred all of Chevron’s oiland gas assets in Utah’s Uinta Basin to the newly formed ShenandoahEnergy (SEI) in exchange for an equity ownership interest is payingoff big time for the energy giant, said Chevron North AmericaPresident George L. Kirkland.

After spending more than C$60 million (US$41 million) and threeyears of preliminary work, the sponsors of the upstream portion ofthe Millennium Pipeline Project have decided to put the regulatoryreview process in Canada on indefinite hold.

After spending more than C$60 million (US$41 million) and threeyears of preliminary work, the sponsors of the upstream portion ofthe Millennium Pipeline Project have decided to put the regulatoryreview process in Canada on indefinite hold.

BP Amoco for a third time in five years has won the annualbidding for California’s natural gas purchasing program for about120 state operated facilities, it was announced Thursday by thestate top purchasing agency, the California General ServicesDepartment, Sacramento, CA.

Independence Pipeline and ANR Pipeline are offering a new negotiated basis rate option for shippers who sign on for 10 years starting Nov. 1, 2002 for firm transportation from Chicago to the Leidy Hub in Pennsylvania.

Independence Pipeline and ANR Pipeline are offering a newnegotiated basis rate option for shippers who sign on for 10 yearsstarting Nov. 1, 2002 for firm transportation from Chicago to theLeidy Hub in Pennsylvania.