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Energy Central Job Center =09 [IMAGE]=09 [IMAGE] =09 HOME | GAS NEWS | EVENTS | JOBS | BUSINESS CENTERS | DIRECTORIES= | DATA CENTER WEDNESDAY, JANUARY 16, 2002 =09 =09 THIS ISSUE BROUGHT TO YOU BY Competitive Intelligence now avai= lable. Identify potential suitors, those who threaten your position across = the value chain or those who demonstrate best practices with Company Profil= e Reports from Datamonitor. These reports are the definitive intelligence r= esource on 106 top companies in the energy industry. Reports include: speci= fic business background, history, locations and subsidiaries, products, ser= vices and key employees. View the list of Datamonitor's Company Profiles. h= ttp://www.energycentral.com/sections/research/default.cfm?cpane=3D23003&rpu= blisher=3D11408&rtype=3Dall TOP STORIES Raleigh, N.C.-Based Uti= lity to Buy Texas Natural-Gas Company By Dudley Price, The News & Observer= , Raleigh, N.C., Jan. 15 Progress Energy is buying a Texas natural-gas comp= any for $153 million. California Governor Won't Settle Lawsuit over Off= shore Oil, Gas Leases By Mark Van De Kamp, Santa Barbara News-Press, Calif= ., Jan. 15 Governor Gray Davis on Monday joined local environmentalists and= anti-oil groups in rejecting efforts by the U.S. Department of the Interio= r to settle a lawsuit regarding California's right to review 36 undeveloped= offshore oil and gas leases, most of them off Santa Barbara County's shore= s. PetroChina in talks with partners on gas pipeline SHANGHAI, Jan 15 = (Reuters) PetroChina said on Tuesday it was still negotiating with potentia= l partners including Exxon Mobil on stakes in a massive gas pipeline, despi= te market speculation Exxon might have been excluded from the project. = Press Release Peter Swartz Joins EPIS as Vice President of Developmen= t West Linn, Oregon, January 16, 2002 EPIS, Inc., developer of the AURORA(= TM) Electric Market Model, announced that Peter J. Swartz has joined EPIS a= s Vice President of Development, with responsibility for the development of= market modeling software as well as forecasting products and services. = California Crisis Foul Windfall?; L.A. County Claims Sempra Part Of = Price Conspiracy Jan 15 - Daily News - Los Angeles Los Angeles County has = filed suit against Sempra Energy, and its subsidiary, the Southern Californ= ia Gas Co., claiming a massive conspiracy to drive up the cost of natural g= as and electricity will cost taxpayers hundreds of millions of dollars. = Business Groups Propose New State Department of Energy Jan 15, 2002 - E?= Publishing The California Chamber of Commerce and California Business Round= table seek to eliminate two state agencies and consolidate the duties of ot= hers by creating a new state Department of Energy. ADVERTISEMENT = Gain the competitive intelligence you need to make informed business deci= sions. Energy Central's Operating Plant Experience Code (OPEC) is a must fo= r all aspects of analyzing nuclear power plant performance. Identify causes= of poor performance, compare lost generation trends, and set performance c= riteria! Free trial - visit http://www.energycentral.com/sections/databases= /OPEC National Energy Policy Cheney Still Shielding Energy Ta= sk Force Documents from Gao, Congress Jan 15, 2002 - E?Publishing The mome= ntum behind a threatened General Accounting Office lawsuit against Vice Pre= sident Cheney's energy task force appears to be building amid disclosures t= hat Enron Chairman Kenneth Lay knew about his company's profit overstatemen= ts as early as last summer and possibly sooner. Mergers, Acquisitions = & Divestitures Enron to Sell 3 Energy Assets Mexico, Jan 15, 2002 (B= Namericas.com via COMTEX) -- Bankrupt US-based energy company Enron could b= egin this week the sale of its assets in Mexico: a cogeneration electricity= plant, a gas pipeline and permission to transport gas. Cnooc to Reach= Deal with Enron Jan 15, 2002 - Asiaport Daily News Wei Liucheng, the Pres= ident of the CNOOC, China's largest ocean petroleum and natural gas manufac= turer, indicates that the company will reach a deal to purchase an oil fiel= d abroad at the cost of USD600 million. Legislation/Regulation US= lawmaker seeks Enron pension, accounting probes WASHINGTON, Jan 15 (Reute= rs) - The chairman of a powerful Senate committee probing Enron Corp.'s col= lapse on Tuesday requested investigations into financial reporting and empl= oyee retirement fund investments in company stock, matching a White House c= all last week for reviews in the same areas. Given Washington's Ties t= o Enron, Impartial Investigation Will Be Difficult By Stephen J. Hedges, C= hicago Tribune, Jan. 15 The political and financial reach of Enron Corp. ha= s exposed so many conflicts of interest among U.S. prosecutors, lawmakers a= nd administration officials that the government is struggling to launch its= investigation of the company whose spectacular collapse swept away the sav= ings of thousands of employees and shareholders. Enron Faces Congressi= onal Tax Probe By CURT ANDERSON AP Tax Writer, WASHINGTON, Jan 15, 2002 (= AP Online via COMTEX) -- Enron Corp., which led a lobbying campaign to repe= al a corporate tax as it neared collapse, will undergo scrutiny in Congress= of its own tax returns to determine if shelters or other practices may hav= e concealed its financial condition. Enron Goes from White House Frien= d to Foe The Dallas Morning News, Jan. 14 Once one of the Bush campaign's = biggest financial assets, Ken Lay and Enron Corp. have suddenly become the = Bush presidency's biggest political liability. Wisconsin Energy Regula= tors' Heightened Secrecy Sparks Furor By Lee Hawkins Jr., Milwaukee Journa= l Sentinel, Jan. 13 Mark Penaherrera never claimed to be Perry Mason. = Business group wary of new regs from Enron case By Peter Kaplan, WASHINGTO= N, Jan 15 (Reuters) The head of corporate America's biggest lobbying group = on Tuesday said the government should not rush to impose new business regul= ations in the wake of Enron Corp.'s collapse. Gas Pricing/Hubs U.= S. spot natural gas moves up on temps, NYMEX SAN FRANCISCO, Jan 15 (Reuter= s) U.S. day-ahead natural gas prices extended gains on Tuesday, rising on f= orecasts calling for cooler late-week weather and firmer NYMEX trade. = NYMEX Hub gas ends mixed, short cover lifts fronts NEW YORK, Jan 15 (Reute= rs) NYMEX Hub gas ended mixed Tuesday in moderate trade, with front months = again lifted by a firmer physical market and a steady stream of short cover= ing ahead of Wednesday's weekly inventory report, sources said. Produc= tion Gazprom Reports Plans On Gas Production In 2002 Moscow, Russia,= Jan 15, 2002 (RosBusinessConsulting via COMTEX) -- The Russian gas giant G= azprom is going to produce no less than 530 billion cubic meters of natural= gas in 2002, Gazprom's head Alexey Miller announced at the opening of the = exhibition Shell UK says Shearwater gas platform to resume ops in Feb = LONDON, Jan 15, 2002 (AFX-UK via COMTEX) -- Shell UK Exploration and Prod= uction's 1.2 bln usd Shearwater natural gas platform will resume production= next month after the group decided to close down the facility in December = due to damage in one of the condensate pipes, a company spokeswoman said. = Drilling/Exploration Report on Canada Pacific drilling ban to be s= tudied VANCOUVER, British Columbia, Jan 15 (Reuters) It will be "a couple = of weeks" before the results of a review of Canada's moratorium on energy e= xploration off its Pacific Coast will be made public, a provincial governme= nt official said on Tuesday. Futures Natural gas higher on short = covering support Jan 15, 2002 (TradeSignals via COMTEX) -- Natural gas fu= tures ended Monday's session higher but off the days high as late long liqu= idation curbs early rise. Gas Processing Westcoast reduces output= at British Columbia plant CALGARY, Alberta, Jan 15 (Reuters) Westcoast En= ergy Inc. has reduced capacity by 33 percent at a major processing plant on= its natural gas system in British Columbia. Leases/Acreage Feds = are getting ready to fence in eastern gulf drilling Jan 14 - New Orleans C= ityBusiness FEDERAL OFFICIALS PLAN to lock in restrictions on oil and gas l= easing in the eastern Gulf of Mexico for the next five years, easing Florid= a's environmental concerns but angering the energy industry, which wants mo= re access to federal offshore areas. Pipelines U.S. group plans t= o file details for Arctic gas line CALGARY, Alberta, Jan 14 (Reuters) The = proponents of a multibillion-dollar gas pipeline to Alberta from Alaska's P= rudhoe Bay via the Beaufort Sea, one of three plans in the works to ship Ar= ctic gas to southern markets, said on Monday they planned to file an outlin= e of the project this week. Boyer Gas Line Spur Deferred Jan 14, 2002= - Australasian Business Intelligence Construction of the section of Tasman= ia's $A400m natural gas pipeline terminating at Bridgewater can commence in= February 2002. Poland Supports Gas Transportation Across Its Territor= y Jan 15, 2002 - Itar-Tass News Agency Warsaw fully supports the idea of b= uilding a pipeline for the transportation of Russian gas to Western Europe = across the territory of Poland, by-passing Ukraine, Polish Deputy Prime Min= ister and Finance Minister Marek Belka told Tass on the eve of the Russian-= Polish summit. India-Iran gas pipeline to reduce tension in region, sa= ys oil minister Jan 15 - BBC Monitoring Middle East Iranian Petroleum Mini= ster Bizhan Namdar- Zanganeh said on Tuesday [15 January] that India-Iran g= as pipeline would reduce the tension in the region. Rates For more = information on rate tariffs visit Gas Rate Tariffs [IMAGE] Meriden, Co= nn.-Based Yankee Gas Service Burned in Bid for Gas-Rate Hike By Dana Ambro= sini, Connecticut Post, Bridgeport, Jan. 12 Sometimes it does hurt to ask. = MPC's bills for natural gas to drop by 18% for many Jan 14 - The Bill= ings Gazette Montana Power Co.'s typical residential natural gas customers = will see their total monthly bills drop by 18 percent or $12.38 a month, be= ginning Jan. 1, 2002, the company said Friday in its annual gas tracking fi= ling. General Employee's Note Warned Enron Chairman of Financial = Implosion By Julie Mason, Houston Chronicle, Jan. 15 An Enron Corp. employ= ee warned Chairman Kenneth Lay in August about the company's practice of hi= ding financial losses in various partnerships -- the same methods now blame= d for the one-time energy giant's historic collapse. Enron Collapse Wo= n't Take Down Houston By Flynn McRoberts, Chicago Tribune, Jan. 15 Enron's= two skyscrapers tower over this city's downtown. Enron Fallout May Ex= tend to Accounting Firm By Tim Lemke, The Washington Times, Jan. 15 Arthur= Andersen is in the middle of a nightmare. Enron Collapse Felt at Garf= ield, N.J., Paper Mill By Monsy Alvarado, The Record, Hackensack, N.J., Ja= n. 13 Every time Mendo Anevski hears more news about Enron's financial down= fall, he grows more angry. Joint Ventures & Alliances Kansas City= , Mo., Energy Marketer Forms Alliance with Utility Holding Firm By Steve E= verly, The Kansas City Star, Mo., Jan. 15 Aquila announced Monday an allian= ce with NiSource Inc., a holding company with assets that include power pla= nts, natural gas storage facilities and 16,500 miles of interstate pipeline= s. Trading/Marketing Details of Enron deal released; Swiss invest= ment bank to share one-third of trading profits By ALAN CLENDENNING AP Bus= iness Writer, NEW YORK, Jan 15, 2002 (AP WorldStream via COMTEX) -- A Swiss= investment bank won't pay anything to acquire Enron Corp.'s energy trading= business, won't assume any of the troubled company's debts and will share = a third of its profits with Enron and its creditors, under terms of a deal = made public Tuesday. Enron trading shop ready to go - but can it? By = C. Bryson Hull, HOUSTON, Jan 14 (Reuters) Enron Corp. has the financial bac= king, top talent and computer systems it needs to restart its dormant tradi= ng operations, but its success remains a challenging all-or-nothing proposi= tion, analysts said on Monday. Legal Judge Inexplicably Withdraws= from Hearing Any Enron Cases By Rosanna Ruiz, Houston Chronicle, Jan. 15 = Three days after she denied a motion to freeze the assets held by Enron exe= cutives and board members, U.S. District Judge Lee H. Rosenthal has inexpli= cably recused herself from all Enron cases. People Fired Andersen= partner did no wrong, says attorney HOUSTON, Jan 15 (Reuters) The partner= accused by accounting firm Andersen of ordering the destruction of documen= ts relating to its audit of collapsed energy trader Enron Corp. followed th= e instructions of an Andersen lawyer and did nothing wrong, his attorney sa= id on Tuesday. Texas Senate Candidate Plans to Keep $180,000 from Enro= n Executives By Gromer Jeffers Jr., The Dallas Morning News, Jan. 15 Repub= lican Senate candidate John Cornyn said Monday he would not return $180,000= in past political contributions from Enron Corp. executives. Avista C= FO Eliassen to retire SPOKANE, Wash., Jan 15 (Reuters) Avista Corp., an el= ectrical and gas utility, said Tuesday that Chief Financial Officer Jon Eli= assen will retire in April 2003. Labor/Human Resources Enron Mana= gement Put on Upbeat Stock Front for Workers By Jeff Manning, The Oregonia= n, Portland, Ore. , Jan. 13 In August 2001, Enron was just weeks away from = one of the biggest business collapses of all time. Financial Husk= y Energy focuses on Western Canada in $1.4B spending plan for 2002 CALGAR= Y, Jan 15, 2002 (The Canadian Press via COMTEX) -- Husky Energy Inc. has an= nounced plans for $1.4 billion in capital spending during 2002. Enron = shares to be delisted from NYSE NEW YORK, Jan 15, 2002 (United Press Inte= rnational via COMTEX) -- Trading of Enron shares was suspended Tuesday by t= he New York Stock Exchange, which announced formal plans to delist the grea= tly devalued stock of the financially troubled former energy giant. An= dersen Fires Lead Enron Auditor By MARCY GORDON AP Business Writer, WASHI= NGTON, Jan 15, 2002 (AP Online via COMTEX) -- Arthur Andersen LLP said Tues= day that auditors destroyed Enron Corp. documents after federal securities = regulators requested information on the collapsed energy company. Enro= n Disaster Might Spur Call for 401(k) Insurance By Pamela Yip, The Dallas = Morning News, Jan. 14 In the wake of a recently announced effort by the fed= eral government to review rules regulating company pensions and 401(k) plan= s, a logical question is expected to surface: Would it be possible to insti= tute some type of insurance that would protect employees from seeing their = 401(k) money wiped out? Houston Oil Company Shares Take Wild Ride afte= r Profit Warning By Michael Davis, Houston Chronicle, Jan. 15 Anadarko Pet= roleum Corp.'s stock was off almost $1 per share in early trading Monday bu= t closed with a small gain after the Houston oil company warned investors t= hat it would not meet analysts' profit expectations. Teco Energy Compl= etes Sale of $400 Million of Securities Jan 15, 2002 - PR Newswire TECO En= ergy, Inc. today reported that it has completed the previously announced sa= le of $400 million of mandatorily convertible securities. Internationa= l Lattice, RWE Gas to launch gas logistics services jv in March LOND= ON, Jan 15, 2002 (AFX-UK via COMTEX) -- Lattice Group PLC said it has reach= ed an agreement with RWE AG's gas operations arm to launch a gas logistics = services joint venture in March. Gas, Electricity Tariffs to Go Up Ove= r 30% in 2002 - Chubais Jan 15, 2002 - Itar-Tass News Agency The total ris= e of gas tariffs will make 35 percent, while electricity tariffs will be up= 32 percent in 2002, top manager of the Unified Energy Systems of Russia gr= id Anatoly Chubais said Tuesday. Energy Commission assumes responsibil= ity Jan 15 - New Straits Times The Energy Commission, formed under the Ene= rgy Commission Act 2001, became fully operational since Jan 2 and has assum= ed all the responsibilities of the Department of Electricity and Gas Supply= . Jordan looks to increase and diversify energy sources Jan 15, 2002 = - Agence France-Presse Jordan is seeking to increase and diversify its ener= gy sources with oil, gas, and electricity projects, including windfarms, to= make up for its lack of natural resources, its energy minister told AFP in= an interview. If you are an Energy Central News Subscriber and you = have checked any news articles above, selecting the 'Get Articles' button b= elow will deliver all of the checked articles in one page. This is a conven= ient way to get exactly the news you need - quickly! NEED INFORMA= TION ON THE POWER INDUSTRY? ENERGY CENTRAL'S GOT IT! ENERGY CENTRAL DAIL= Y ELECTRIC POWER NEWS An e-mail news service that delivers every major st= ory every day directly to your e-mail address. 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