Energy companies adjust to changing industry

07/12/1999
Energy companies are adjusting their business plans to respond to rapid and profound changes in the businesses in which they operate.Integrated energy firms are reacting to growing deregulation in electricity markets and convergence of the natural gas and electric power businesses. Independent petroleum companies, meanwhile, are trying to respond to recovery in the oil market while still ailing from the effects of the extended downturn.The leaders of selected energy companies spoke about their plans at Banc of America Securities LLC`s first energy conference, held in Houston late last month. Most appeared optimistic about the future, due to expected growth in gas and power demand and grow...
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