COMPANY NEWS: AEP to buy Enron's Texas intrastate natural gas system

American Electric Power, Columbus, Ohio, has signed a definitive agreement to purchase Houston Pipe Line Co., which comprises virtually all of Houston-based Enron Corp.'s extensive Texas intrastate natural gas operations.In other company news, a number of US independent producers have unveiled increased capital spending budgets for 2001 in recent weeks. Other international firms also have announced their spending plans for the coming year.AEP pipeline acquisitionThe acquisition is to be made in the second quarter through AEP subsidiary AEP Energy Services Gas Holding Co., pending the usual regulatory approvals. Terms of the transaction were not disclosed.Enron's intrastate Texas o...

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