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Energy Central Job Center =09 [IMAGE]=09 [IMAGE] =09 HOME | GAS NEWS | EVENTS | JOBS | BUSINESS CENTERS | DIRECTORIES= | DATA CENTER TUESDAY, JANUARY 29, 2002 =09 =09 THIS ISSUE BROUGHT TO YOU BY Recent events have made security = a greater priority for everyone. "Energy Infrastructure Security: Protectin= g Staff, Assets & Operations from Potential Sabotage & Terrorist Threat," a= new report by Utilis Energy, LLC examines current vulnerabilities, federal= legislation, and security measures in the energy industry. This report mak= es recommendations on creating safety and security policies, preventing una= uthorized access to information systems, enhancing operating reliability, a= nd improving action plans. Protect your company's assets and resources with= the essential information in this report. http://www.energycentral.com/lin= ks/show_mi.cfm?id=3D100838 TOP STORIES AGL chief sees deregulat= ion reform in Georgia ATLANTA, Jan 28 (Reuters) The chief executive office= r of gas distribution company AGL Resources Inc. said on Monday that she ex= pects the Georgia legislature to pass a bill to try to reform the state's d= eregulated natural gas market. UK's Centrica buys Enbridge Canada custo= mers LONDON, Jan 28 (Reuters) - British gas and home services firm Centric= a Plc said on Monday it had agreed to buy the home heating services arm of = Canada's Enbridge Inc, part of a campaign to capture more North American cu= stomers. Dynegy expected to acquire Enron's largest pipeline this week = Jan 28, 2002 - Associated Press Dynegy Inc., once a prospective savior for= Enron Corp., expects to officially acquire one of the fallen energy giant'= s most prized assets by the end of the week, a spokesman said. Press R= elease City Utilities Of Springfield, MO Enhances Customer Management = Flexibility Using SPL WorldGroup Software Morristown, New Jersey - January= 24th, 2002 SPL WorldGroup B.V. (SPL), the leading provider of customer man= agement solutions to the global energy, water and waste management industri= es, has successfully implemented SPL's customer management software product= at City Utilities of Springfield, MO (www.cityutilities.net ). City Utilit= ies is a customer-owned utility that serves approximately 90,000 customers = in southwest Missouri with electric power, natural gas and water. Nati= onal Energy Policy Bush digs in for court fight over energy plan WASH= INGTON, Jan 28 (Reuters) - U.S. President George W. Bush dug in on Monday f= or a court fight with Congress over his refusal to turn over records detail= ing any involvement by Enron Corp. and other companies in the development o= f White House energy policy, accusing lawmakers of politicizing the issue. = Cheney Refuses to Release Energy-Plan Documents; GAO May Bring Rare La= wsuit By Karen Masterson, Houston Chronicle, Jan. 28 In the face of politi= cal pressure to comply with congressional investigators, Vice President Dic= k Cheney said Sunday he will not release internal documents connected to th= e development of President Bush's energy plan. Senate panels to up US = fuel standard/OK tax breaks By Tom Doggett, WASHINGTON, Jan 28 (Reuters) T= wo Senate committees are expected to approve next week a boost in fuel effi= ciency requirements for U.S. vehicles and billions of dollars in energy tax= breaks and incentives, a Senate staffer said on Monday. ADVERTISE= MENT Online marketplaces are driving an ongoing restructuring of Europe'= s energy industry, by making energy trading simpler and cheaper. A new repo= rt from Datamonitor, Online Energy Trading in Europe, explores the growing = volume of trading operations in a liberalized market. http://www.energycent= ral.com/links/show_mi.cfm?id=3D100584 Competition & Deregulation = For reports and related information on this topic visit our Data Center = [IMAGE] Can Deregulation Be Fixed? Jan 28 - Georgia Trend Lauren "Bubb= a" McDonald, chairman of the Georgia Public Service Commission, sat down wi= th Georgia Trend's Jennifer Hill to talk about the tumultuous year the stat= e experienced with gas deregulation and its effects and to look ahead to ma= jor upcoming issues for 2002. Mergers, Acquisitions & Divestitures = PanCanadian, AEC merging to create energy giant CALGARY, Alberta, Jan 27= (Reuters) - PanCanadian Energy Corp. is buying Alberta Energy Co. Ltd. in = a share swap to create what they said on Sunday would be the world's No. 1 = publicly traded oil and gas exploration and production company, with a stoc= k-market value of C$21.4 billion ($13.3 billion). PanCanadian, Alberta= Energy officials have no interest in third party deals CALGARY, Jan 27, = 2002 (AFX-Asia via COMTEX) -- The two senior officials of PanCanadian Energ= y Corp and Alberta Energy Company portrayed their deal as a "merger of equa= ls" and said they were not interested in offers from other, including Ameri= can, companies. FACTBOX-What a merged PanCanadian-AEC will look like = CALGARY, Alberta, Jan 27 (Reuters) PanCanadian Energy Corp. and Alberta Ene= rgy Co. Ltd. said on Sunday they planned to merge, creating the world's big= gest independent oil and gas exploration and production company. Shell= backs Woodside bid By Nigel Wilson, Jan 29, 2002 (The Australian - ABIX = via COMTEX) -- Tacit approval of Woodside Petroleum's bid for German Veba O= el was given by Shell Australia on 28 January 2002. Legislation/Regula= tion More Issues Arise at Texas Public Utility Commission By R.A. Dye= r, Fort Worth Star-Telegram, Texas, Jan. 25 Less than one week after the re= signation of its chairman, the Texas Public Utility Commission has been hit= with new revelations involving possible conflicts of interest and a grand = jury investigation. Gas Pricing/Hubs Canadian spot natgas mixed a= s Alberta temps rise NEW YORK, Jan 28 (Reuters) Spot natural gas prices in= Canada were mixed Monday as temperatures in the prairie province of Albert= a rose from frigid levels over the weekend, industry sources said. NYM= EX Hub gas ends down on weather, Feb hits new low NEW YORK, Jan 28 (Reuter= s) NYMEX Hub gas ended sharply lower Monday in moderate trade, with record = storage and fairly mild U.S. weather forecasts this week again pressuring f= ront months to new contract lows, industry sources said. LITTLE COLD A= IR SEEN Jan. 28 (GasTrader) Earlier suggestions that a mass of cold Canadi= an air would work its' way south to the major eastern and midwestern energy= markets have given way to forecasts calling for a much more modest incursi= on. Special Offer from this Publisher! U.S. spot gas firms on weekday= demand, Western cold SAN FRANCISCO, Jan 28 (Reuters) U.S. day-ahead natga= s prices made small gains on most pipelines Monday as cold weather in the W= est ramped up energy use and brought a rare overnight snowfall in the upper= elevations near San Francisco. Futures Feb Futures Hits Fresh Lo= ws on Mild Weather, Excess Storage Jan. 28 (Btu's Daily Gas Wire) February= natural gas futures settled 12.9 cents lower at $1.908 after plunging 18.5= cents to reach a four-month low for a nearby month and fresh contract low = at $1.85. Special Offer from this Publisher! LNG TotalFinaElf to= Join Pacific LNG Jan 28, 2002 - South American Business Information Total= FinaElf is to join the consortium Consorcio Pacific LNG to export Bolivian = liquified natural gas to Mexico and the US, that already include Repsol YPF= (37,5%), British Petroleum (25%), and British Gas (37,5%). Pipelines = Florida Market Supports Growth of Natural-Gas Pipelines, Despite Uncer= tainty of Deregulation By Will McNamara, IssueAlert, Jan. 28 (Scientech) S= everal natural-gas pipeline projects are in the planning and construction p= hases to supply Florida with the natural gas it needs, mainly to supply gas= -fired electrical power generation projects. Special Offer from this Publis= her! Shanghai Invites Bids for Gas Network BEIJING, Jan 28, 2002 (X= inhua via COMTEX) -- Shanghai, the leading metropolis in China, will invite= foreign investment for the construction of local natural gas pipeline netw= orks as well as distribution stations. Japanese Banks To Grant $100M L= oan To Khabarovsk Region For Laying Gas Pipeline Khabarovsk, Russia, Jan 2= 8, 2002 (RosBusinessConsulting via COMTEX) -- A number of Japanese banks wi= ll grant a $100 million loan to the Khabarovsk Region to continue laying th= e gas pipeline Komsomolsk-on-Amur-Kabarovsk-Luchegorsk (the Primorsky Regio= n). Coalition Seeks To Block Natural Gas Pipeline Expansion Jan 28, 2= 002 - The News and Observer Area residents hope a countywide coalition will= help them block the expansion of a natural gas pipeline they fear will put= them in danger and also threaten a rare salamander. Russia Company to= Build Gas Pipelines for China Jan 25, 2002 - Itar-Tass News Agency Russia= 's company Vostokgazprom has opened its representative office in China's ca= pital Beijing. Rates For more information on rate tariffs visit Gas= Rate Tariffs [IMAGE] Regulators Order Buffalo, N.Y.-Based Natural Fue= l Gas to Issue Refunds By David Robinson, The Buffalo News, N.Y., Jan. 25 = National Fuel Gas customers will get a price break that averages nearly $87= on their February gas bills because state regulators ordered the Buffalo e= nergy company to refund $45.6 million that it overcharged consumers last ye= ar. Mild Winter, Lower Gas Prices Spark Dramatic Drop In Heating Costs= Jan 27 - St. Louis Post - Dispatch A year after some of the highest heati= ng costs in history, most utility customers are enjoying a dramatic drop in= their bills this winter - between $300 and $400 for an average home. = General Remaining Enron Staffers Contemplate Their Future amid Gloom, = Fear By David Kaplan, Houston Chronicle, Jan. 28 Every day, the scandal at= Enron brings a new shock, with no letup in sight. Questions Are in Re= ady Supply after Enron's Failure By Bill Deener, The Dallas Morning News, = Jan. 27 In its heyday, Enron Corp. traded electricity, natural gas and othe= r commodities with a speed that dazzled its industry and a complexity that = baffled Wall Street. Enron's Cutthroat Culture Is Deplored by Those It= Served to Profit By Claudia Kolker, The Boston Globe, Jan. 27 The Rev. Ja= mes Nutter first glimpsed what he calls the Enron darkness years ago. = Enron's Survival Remains a Question amid Turbulent Bankruptcy Proceedings = By Eric Berger, Houston Chronicle, Jan. 26 In the largest, most complex ban= kruptcy ever, with the possibility of criminal acts by the company, one que= stion looms above all others: Enron Incidents Put Focus on Shredding = By Maureen Fan, San Jose Mercury News, Calif., Jan. 27 Wells Fargo shreds t= eller trash. Trading/Marketing UBS Warburg sees EnronOnLine back = up in February By Scott DiSavino, NEW YORK, Jan 28 (Reuters) UBS Warburg h= opes to have a renamed EnronOnLine, the bustling energy trading system once= at the center of Enron Corp.'s empire, back on line in February, officials= at the investment banking firm said Monday. Legal Enron employee= s file suit over 401(k) losses HOUSTON, Jan 28 (Reuters) Hundreds of curre= nt and former employees of collapsed energy trader Enron Corp. filed a clas= s action lawsuit in Houston seeking damages for losses they suffered by inv= esting in the company's 401(k) plan, lawyers said on Monday. People = Ex-Enron CEO's wife says they are broke WASHINGTON, Jan 28 (Reuters) - = The wife of ex-Enron CEO Kenneth Lay said on Monday her family lost its for= tune when the energy trading giant collapsed and her husband had done "abso= lutely nothing wrong" in the biggest bankruptcy case in U.S. history. = Wakeham faces British inquiry into Enron role Jan 27 - The Observer - Lond= on LORD Wakeham, the former Tory Energy Secretary who now chairs of the Pre= ss Complaints Commission, faces the humiliating prospect of a British inqui= ry into his role in the Enron scandal. Citing Distraction of Many Prob= es, Lay Forced to Resign As Enron Head Jan. 28 (Utility Spotlight) With FB= I agents roaming the halls, hounded by the looming spectacle of a dozen hig= hly publicized congressional hearings, investigations by at least 6 federal= agencies, a spiraling number of lawsuits and even a disgusted President Bu= sh, Enron's Ken Lay resigned last week as chairman & CEO of the energy comp= any he created and built into a world-wide powerhouse, only to see it disso= lve in a ruinous scandal. Special Offer from this Publisher! Fullerto= n, Calif., Congressman Says Enron Donations Will Not Impact Actions By Den= a Bunis, The Orange County Register, Calif., Jan. 25 Rep. Ed Royce says tha= t when he sits in the Financial Services Committee's hearings into Enron, t= he $3,500 the company's PAC has given him over the past five years will hav= e no effect on his actions. Labor/Human Resources UBS to cut 300 = jobs at Enron trading unit - paper FRANKFURT, Jan 28 (Reuters) Swiss bank = UBS will cut about 300 of 800 jobs at the energy trading unit purchased fro= m Enron Corp. but plans no additional cuts in the rest of the group, UBS ch= ief Peter Wuffli said in a newspaper interview on Monday. Financial = Enron Used Partnerships in Speculative Stock Ventures By Bill Deener, T= he Dallas Morning News, Jan. 27 Many of the financial sleights of hand that= Houston-based Enron Corp. used were accomplished through so-called off-bal= ance-sheet partnerships, accounting experts say. Enron Used Independen= t Companies to Control Stock Market, Credit Rating By Dan Feldstein, Houst= on Chronicle, Jan. 27 As accountants, stockbrokers and others study Enron's= collapse, they focus on the company's now-infamous "special-purpose vehicl= es" -- independent companies that propped up Enron's income and hid its deb= t. Beneath Energy Trading Innovations, Enron Seethed with Deceptive Bo= okkeeping Houston Chronicle, Jan. 27 Enron spent more than a decade succes= sfully crafting an image as an unrivaled innovator capable of creating and = dominating new markets. Many Hedge Their Bets on Enron's Stock; Millio= ns of Shares Sold for Pennies By Bill Murphy, Houston Chronicle, Jan. 26 W= hen Enron was riding high a year ago, its shares sold for $82 and nearly 7 = million changed hands. FEATURE-After Enron, short sellers gain respect= ability By Svea Herbst-Bayliss, NEW YORK, Jan. 28 (Reuters) The stock of s= hort sellers is rising. Merged PanCanadian-AEC seen fetching higher va= lue By Jeffrey Jones, CALGARY, Alberta, Jan 28 (Reuters) Investors waded t= hrough the superlatives on Monday to gauge whether PanCanadian Energy's pur= chase of Alberta Energy Co., creating the world's No. 1 independent oil and= gas company, will live up to its star billing. UBS' Wuffli says Enron= trading ops takeover to level out earnings fluctuations DUESSELDORF, Jan= 28, 2002 (AFX-UK via COMTEX) -- UBS AG chief executive Peter Wuffli said t= he acquisition of Enron Corp's wholesale energy trading business will help = the bank to level out earnings fluctuations, German newspaper Handelszeitun= g reported. Financial - Results National Fuel's Profit Falls 37% = In Quarter Jan 27 - Buffalo News - Financial Edition Falling oil and natur= al gas prices took a toll on National Fuel Gas Co.'s first-quarter profits,= reducing its earnings by 37 percent and prompting the Buffalo-based energy= company to warn that its earnings this year will fall short of expectation= s. International British government rejects Enron lobbying claims= By Mike Peacock, LONDON, Jan 28 (Reuters) The British government sought t= o refute opposition attempts on Monday to dig up dubious links between it a= nd collapsed U.S. energy group Enron. Algeria gets $51mln loan to boos= t oil/gas recovery ALGIERS, Jan 28 (Reuters) Algerian state-owned oil and = gas firm Sonatrach said on Monday it had received a credit worth $51.3 mill= ion from French bank Societe Generale to finance a project aimed at improvi= ng oil and gas recovery in the country's southern fields. EU says Ital= y should speed up utility liberalisation, pension reform MILAN, Jan 27, 2= 002 (AFX-UK via COMTEX) -- The Italian government should speed up liberalis= ation of energy and telephony sectors to cut tariffs, and pension reform, a= ccording to the European Commission, La Repubblica reported. Peruvian = government offers alliance for natural gas Bolivia, Jan 27, 2002 (La Razo= n/SABI via COMTEX) -- The Peruvian president Alejandro Toledo has presented= a proposal to the Bolivian government to build up a strategic trade relati= onship to develop the exports of natural gas to the US. TotalFinaElf s= ays Syrian Desgas gas project reaches full capacity PARIS, Jan 28, 2002 (= AFX-UK via COMTEX) -- TotalFinaElf said production at its Desgas gas projec= t in Syria, which it runs jointly with Conoco Inc, has reached full operati= onal capacity. Algeria plans to raise gas exports - report Jan 28, 20= 02 - Deutsche Presse-Agentur (dpa) Algeria plans to strengthen its gas mark= eting position in Europe and raise exports to 85 billion cubic metres yearl= y in five years are moving ahead, with progress in key upstream projects an= d new pipeline routes, the Middle East Economic Survey reported Monday. = Enron bankruptcy kills plans for steel project in Mozambique MAPUTO, Mo= zambique, Jan 27, 2002 (AP WorldStream via COMTEX) -- The bankruptcy of the= American energy company, Enron Corp, signaled the end of plans to construc= t a natural gas-fueled factory to produce steel slabs for export in Mozambi= que, the Mozambique News Agency reported Sunday. Gazprom, Wintershal t= o Cooperate in Oil And Gas Extraction Jan 25, 2002 - Itar-Tass News Agency= Russia's Gazprom gas giant and Germany's Wintershal Concern will develop o= il and gas cooperation on the Russian territory and cooperate in the oil an= d gas exports to Western Europe. If you are an Energy Central News S= ubscriber and you have checked any news articles above, selecting the 'Get = Articles' button below will deliver all of the checked articles in one page= . This is a convenient way to get exactly the news you need - quickly! = NEED INFORMATION ON THE POWER INDUSTRY? ENERGY CENTRAL'S GOT IT! J= OB CENTER The Job Center provides instant access to the best employment op= portunities and prospective employees in the energy industry through compre= hensive job listings and active resume database. JOB WATCH A free weekly = e-mail service that broadcasts new job listings in the Job Center directly = to your inbox! 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