In a conference call with analysts, company executives projected earnings for the full year will be $2.85-$2.95/share and that earnings for 2001 will be flat, compared to 2000. Executives noted the projection is based on the hypothesis the company will remain intact. Reliant earlier reported plans to split into separate regulated and unregulated energy companies next year. The 2001 forecast is based upon temperatures in the Southwest and mid-Atlantic returning to normal next year, Chairman Steve Letbetter said, and the expense it will take to prepare for competition in Texas in 2002.
Oct. 26, 2000—U.S. natural gas pipeline capacity constraints and bottlenecks could arise during severe weather this winter, but for the most part, capacity appears adequate to serve the needs of the upcoming heating season, say government analysts in an annual assessment of the industry.