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News Digest

Mergers & Acquisitions
Fortnightly Magazine - May 15 2000

carbon dioxide, nitrogen oxides, and sulfur dioxide are put into place, electricity derived from coal would decline from over 50 percent today to less than 10 percent by 2020.

Over the same period, said EPRI, natural gas generation would increase from 15 percent to about 60 percent, requiring $160 billion in new investment in gas-fired generation to meet domestic needs.

"Our study revealed that even if this initial shift from coal to gas could be accomplished, reliance on natural gas for electricity generation could not be maintained at such a high level for an extended period of time," said Dr. Gordon Hester, EPRI manager for the study, "Energy-Environment Policy Integration and Coordination."

Appliance Efficiency Standards. Swift adoption of appliance efficiency standards would reduce dramatically the nation's energy demand, saving consumers $14 billion a year by 2020, according to a new report by the Appliance Standards Awareness Project.

According to ASAP, the standards it has recommended to the U.S. Department of Energy would eliminate the need for 64 large power plants by 2010, and 180 plants by 2020, while cutting 31 million metric tons of carbon pollution each year, including 90,000 metric tons of nitrogen oxide and 350,000 metric tons of sulfur dioxide.

Business Wire, which assists customers in selecting and connecting their utility and communications services, has been selected as the exclusive integrated content supplier of these consumer services for, a Boston-based provider of on- and offline move-related services to customers of its corporate clients. The agreement will allow visitors to the site to tap into all of the services offered by, whose free service identifies available service plans from name-brand providers, helps the consumer select the right plans, and then processes the orders.

Southern Co. Energy Marketing and have entered into a partnership to provide Southern's wholesale electricity to's customers via the Internet, making Southern the preferred wholesale electricity provider to the Internet utility company. Southern Co. Energy Marketing also has taken an equity stake in, with the right to make an additional investment in subsequent private financings.

TXU has reached an agreement to sell its majority interest in a Mexico City gas distribution system to Gas Natural and Hidroelectrica del Cantabrico for $68 million. The agreement is expected to close later this year, subject to regulatory approval. Gas Natural will become operator when the transaction is completed. "Mexico City is a growing, vibrant market. However, the operation in Mexico City is not consistent with our overall corporate strategy," said Brian Dickie, TXU Emerging Businesses Group president.

Atlantic Renewable Energy Corp ., in combination with International Wind Corp. and Citizens for Pennsylvania's Future , have announced a green power offering from the Mill Run wind project located in Fayette County, Pa. Mill Run Windpower LLC has issued a request for proposals to entities interested in submitting bids to purchase green power, green certificates, and/or emission reduction credits that will be generated by the 15.6-megawatt Mill Run project.

Internet Commerce

Utility Collaborations. In late March a consortium of 15 leading U.S. electric and gas