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"The combination of HL&P emd Entex under one owner offers excellent potential for <br />enhancing local customer service and for providing a wide range of new value-added <br />services/' Jordan said. "At the same time, we intend to continue the efforts already <br />underway to increaise the opportunity to move gas from west to east across the Mid- <br />Continent region where NorAm Gas Tr<insmission and Mississippi River Transmission <br />are strategically located." <br />"Houston Industries plans to expand many of the retail services offered by NorAm <br />Energy throughout its gas and electric distribution operations. NorAm has been a <br />leader in developing new value-added services for residential and small business <br />customers such as appliance repair and preventive maintenance contracts and home <br />security system sales and monitoring, as well as services for other utilities and retail <br />marketers.' <br />In addition to serv'ing more than 2.7 million households in six states through its Entex, <br />Arkla, and Minnegasco gas distribution divisions, NorAm Energy is a major natural <br />gas pipeline and energy marketer, providing supply, gathering, storage, cind <br />transportation of natural gas and wholesale electric serv'ices through its NorAm <br />Trading and Transportation Group (NTTG). NTTG includes NorAm Energy Services <br />group (NES), a leading natural gas and electric wholesale trader. In the first six <br />months of 1^96, NES traded over 2.5 Bcf per day of natural gas and almost 450 <br />thousand MWh of electricity. NTTG's interstate pipeline system consists of NorAm <br />Gas Transmission and Mississippi River Transmission. In addition, NTTG operates <br />gathering n«®.ets in Oklahoma, Louisiana, Arkansas, and Texas through NorAm Field <br />Services. i NorAm Energy Management provides unregulated retail energy services to <br />industrial and large commercial customers. Through NorAm Energy's wide-ranging <br />gas activities, it handles over 5 Bcf per day of natural gas. In addition to its corporate <br />office in Houston, NorAm Energy has offices in Shreveport, Louisiana; Little Rock, <br />Arkansas; Boulder, Colorado; Tulsa, Oklahoma; Minneapolis, Mirmesota; St. Louis, <br />Missouri; Williamsburg, Virginia; Midland, Michigan; and Miami, Florida. <br />Subject to the approval process, the transaction is expected to be completed by the end <br />of the first quarter of 1997.