Associated Power Services Inc. to supply electric power to Columbia Aluminum Corporation.HOUSTON--(BUSINESS WIRE)--Sept. 26, 1995--Associated Power Services Inc., a subsidiary of Panhandle Eastern Panhandle Eastern Pipe Line Company, LP is a natural gas pipeline which brings natural gas from the panhandle region of Oklahoma east through the Midwest to supply Indiana and Ohio. It is owned by Panhandle Energy - Southern Union Gas Company. Its FERC code is 28. Corporation, announced a contract to provide electric power to Columbia Aluminum Corporation. "This contract with Columbia makes us the first power marketer to directly serve a large industrial, non-utility customer. Although other power purchase agreements have been announced for future supplies, Associated Power's contract with Columbia is the first actual delivery of power," said Paula Rosput, president. "As the electric power industry goes through a regulatory restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). , it is becoming more open to competition, and Associated Power plans to be a leader in the power marketing business." The one-year contract calls for Associated Power to provide an average of 15 megawatts of electric power to Columbia Aluminum's smelter located near Goldendale, Wash., beginning Oct. 1. The Columbia contract is in addition to other electricity Associated Power began trading in the Northwest to various wholesale power customers Sept. 1. Another Panhandle Eastern subsidiary, Associated Gas Services, Inc., provides natural gas to Columbia Aluminum. "The Columbia Aluminum contract is significant for Panhandle Eastern because this is the first customer we provide with natural gas and electric service," said Paul Anderson Anderson, river, Canada Anderson, river, c.465 mi (750 km) long, rising in several lakes in N central Northwest Territories, Canada. It meanders north and west before receiving the Carnwath River and flowing north to Liverpool Bay, an arm of the Arctic , president and chief executive officer of Panhandle Eastern Corporation. "It also demonstrates our commitment to give our customers the services they want and the energy sources they need." Columbia Aluminum had previously contracted for all of its electric power from the Bonneville Power Administration The Bonneville Power Administration (BPA) is a U.S. self-financed federal agency which transmits and sells wholesale electricity in Washington, Oregon, Idaho, and western Montana. The BPA is part of the U.S. Department of Energy, and is headquartered in Portland, Oregon. , but a renegotiation of contracts allows for the purchase of a portion of its requirements from other providers beginning Oct. 1. "The contract with Associated Power gives us the chance to gain some knowledge of the emerging power market and provides the plant with competitively-priced power," said Kenneth D. Peterson, Jr., chief executive officer of Columbia. Associated Power Services received Federal Energy Regulatory Commission The Federal Energy Regulatory Commission (FERC) is the United States federal agency with jurisdiction over electricity sales, wholesale electric rates, hydroelectric licensing, natural gas pricing, and oil pipeline rates. approval to sell power at market-based rates in December and began actively trading in the day-to-day power market in June. Associated Power, which currently trades about 100 megawatts of power in the Northwest and approximately 65 megawatts of power in the Northeast, is one of the nation's most active electric power marketers. Along with sister subsidiary Associated Gas Services, Inc., Associated Power offers a wide range of energy management services and fuel options to the electric power industry. Panhandle Eastern Corporation (NYSE NYSE See: New York Stock Exchange :PEL) operates one of the nation's largest interstate in·ter·state adj. Involving, existing between, or connecting two or more states. n. One of a system of highways extending between the major cities of the 48 contiguous United States. Noun 1. natural gas pipeline networks, delivering gas primarily to Northeast and Midwest markets. Through its Associated Natural Gas and Centana subsidiaries, Panhandle panhandle, in geography, a strip of land projecting from the main body of an area and shaped like the handle of a pan, such as the panhandles of West Virginia, Texas, and Alaska. is a leading marketer of natural gas and related energy services from coast to coast, as well as in Canada and the United Kingdom. CONTACT: Panhandle Eastern Corporation, Houston Media Relations - John P. Barnett, 713/627-4072 Investor Relations Investor relations The process by which the corporation communicates with its investors. - Brad Porlier, 713/627-4600 or 800/347-3636 |
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