| Table 19. Merger/Acquisition Activity Between Electric Utility and Natural Gas Industries in 1997 and 1998a | ||
| Companies | New Entity | FERC Approval |
| Enron Corp and Portland General Corp | Enron Corporation | 1997 |
| Duke Power and Panergy | Duke Energy | 1997 |
| Houston Industries and Noram Energy | Houston Industries | 1997 |
| Brooklyn Union Gas (Keyspan) and Long Island Lighting Co. | MarketSpan | 1998 |
| Louisville Gas and Electric Energy (LG&E) and Kentucky Utilities (KU) | LG&E | 1998 |
| Pacific Enterprises and Enova | Sempra Energy | 1998 |
| Pacific Gas & Electric and Valero Energy | Pacific Gas & Electric | 1998 |
| TECO Energy and West Florida Gas | TECO Energy | 1997 |
| Texas Utilities and Enserch Corporationb | TUC Holding Company | 1997 |
| Southern Energy and Vastar Company | Southern Company Energy Marketing L.P. | 1997 |
| aThe merger/acquisition table includes transactions before August 1998. Sources: Electric Light and Power, "Industry Report; Mergers Thin Ranks of IOU: Thin Ranks of IOU: Only 99 Left" (August 1998), p. 21; Inside F.E.R.C., "Merger Policy Broke FERC Logjam, But Overall Process Remains Arduous", October 1997, p. 1.; and MLR Publishing Company, Mergers and Acquistions, "Engineering Exotic Blend in Utility Mergers," September 1997/October 1997, p. 47. | ||
| bSouthern Energy and Vastar Company formed an alliance merger which combined certain natural gas and power trading and marketing operations. Source: Vastar Resources Inc, Securities and Exchange Commission Form 10Q, (November 5, 1997). | ||