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Kinder Morgan Inc. (KMI) transferred the 2,600-mile KinderMorgan Texas Pipeline (KMP) system and several Rocky Mountainregion gathering and treating assets to Kinder Morgan EnergyPartners last week for $300 million, which nearly wraps up themassive asset divestiture program KMI started last year followingits merger with KN Energy.

Nevada’s governor last week delayed opening the state’selectricity market until no later than Sept. 1, 2001, choosing toestablish a bipartisan statewide committee to develop a new energypolicy for the state.

Four stakeholder committees set up last March by the New YorkPublic Service Commission (PSC) have identified the key roadblocksin the state’s stalled retail energy deregulation process. By nextspring, they expect to have some solutions – if it isn’t too late.

For Anadarko, growing in leaps and bounds before it joined forces with United Pacific Resources, a merger just made sense. For EOG Resources, which at one time had been part of mega-marketer Enron, smaller is better, and a merger would not make sense. There is no denying, however, that the disparate strategies have worked for both.

Even in the wake of the summer’s power crisis and emergencymeasures, San Diego Gas and Electric can’t find any long-term powerpurchase deals to its liking, and, in fact, it has pulled back arequest-for-proposal it had outstanding, soliciting longer-term,fixed price contracts.

Weighed down by misplaced hedges and long term fixed pricecontracts, Beau Canada Exploration Ltd. has sold out to Murphy OilCorp., one of its partners in the development of the hot Ladyfernprospect in northern Alberta and British Columbia, for a totalprice of US$255 million.

CMS Energy Corp. announced it intends to implement a programthat will strengthen its balance sheet while maintaining itsforecasted earnings per share for 2001. The company also plans toretain the goal of a 10% per year growth rate thereafter.

TransCanada PipeLines Ltd. (TCPL) announced a one-year firmtransportation open season on its Canadian Mainline from Empress toseveral points. Bids will be accepted from until Oct. 12.

Gulf Canada Resources is expecting to more than double its dailygas production by swallowing rival Crestar Energy in aC$1.7-billion ($1.1-billion) friendly cash and stock transaction,excluding C$565 million in debt assumption. The combination willform a top-five Canadian independent production company with plentyof room to grow.