BtoB

Gas and electric companies form e-marketplace

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Kansas City, Mo.--Six leading gas and electricity companies in the U.S. announced Thursday a b-to-b e-marketplace for the buying and selling of energy. The consortium includes: American Electric Power, Aquila Energy, Duke Energy, El Paso Energy, Reliant Energy and Southern Co. Energy Marketing. Intially, the e-marketplace will offer natural gas and electricity, but the partners expect the site to expand into coal, oil and other energy commodities. The move brings these six companies into direct competition with Enron's online e-marketplace for the industry.
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