Years

You shouldn’t unless you were one of the thousands of workerswho spent millions of person-hours over the last few years sweatingthe millennium bug out of your company’s systems. If that was you,congratulations; you’ve made this last new year slightly morememorable than Hands Across America Day. Now it’s time for anyfood-hoarding doomsayers to get busy: You’ve got a lot ofstockpiled chips and salsa to get rid of.

After a long six and a half years as a commissioner on theFederal Energy Regulatory Commission, Vicky A. Bailey is steppingdown effective Feb. 1 to serve as president of PSI Energy Inc.,Indiana’s largest electric utility and a subsidiary of CinergyCorp. PSI serves more than 655,000 customers in 69 of the state’s92 counties.

After a long six and a half years as a commissioner on theFederal Energy Regulatory Commission, Vicky A. Bailey is steppingdown effective Feb. 1 to serve as president of PSI Energy Inc.,Indiana’s largest electric utility and a subsidiary of CinergyCorp. PSI serves more than 655,000 customers in 69 of the state’s92 counties.

You shouldn’t unless you were one of the thousands of workerswho spent millions of person-hours over the last few years sweatingthe millennium bug out of your company’s systems. If that was you,congratulations; you’ve made this last new year slightly morememorable than Hands Across America Day. Now it’s time for anyfood-hoarding doomsayers to get busy: You’ve got a lot ofstockpiled chips and salsa to get rid of.

Watertown Municipal Utilities chose Tenaska Marketing Venturesof Omaha, NB, to be its gas transportation and fuel manager for thenext five years. Watertown will buy about 8 Bcf of gas from Tenaskaover the contract term. The utility recently finished constructinga five-mile pipeline directly connecting it to Northern BorderPipeline. Previously, the utility moved gas on Northern Natural.Thecombined gas, electric and water utility serves about 20,000 innortheast South Dakota.

After several years of battling, both in the courts and at FERC,the Commission last week finally approved a version of El PasoNatural Gas’ 1996 rate and capacity-turnback settlement that seemedto satisfy all parties involved. But to get to that point, El Pasowas forced to make some big concessions along the way to quellconcerns.

After several years of battling, both in the courts and at FERC,the Commission this week finally approved a version of El PasoNatural Gas’ 1996 rate and capacity-turnback settlement that seemedto satisfy all parties involved. But to get to that point, El Pasowas forced to make some big concessions along the way to quellconcerns.

Enron’s days as an electric utility are coming to an end. Afteronly two years of owning Oregon-based Portland General Electric(PGE), Enron has decided to part with the company for a small gainthrough a sale to fellow western utility Sierra Pacific Resources.

Natural gas production from the deep water Gulf of Mexico hasincreased 252% over the last five years, from 159 Bcf in 1994 to560 Bcf in 1998, according to the Department of Interior’s MineralsManagement Service.