Chevron, Texaco merger to boost convergence, electric power

Oct. 16, 2000–Chevron Corp.’s 26% stake in energy merchant Dynegy Inc. and Texaco Inc.’s gasification expertise will boost the combined ChevronTexaco Corp.’s options in the “fast-growing gas and power convergence business,” Dave O’Reilly, Chevron chairman and chairman of the proposed combined company, said during a press conference Monday.

PORTLAND, Ore., Oct. 16, 2000 (PRNewswire via COMTEX) – Nine electric utilities are considering a plan to bring nearly 30,000 miles of high-voltage transmission lines under an independent regional transmission organization (RTO), thereby improving the reliability and efficiency of the Northwest’s power grid.

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