PANENERGY: POWERING UP It's a turnaround story. It's a takeover stock. And it's a deregulation play. Being at the heart of three key trends has paid off big for PanEnergy, a star of the natural-gas industry. After suffering steep losses in 1990, the Houston pipeline company has charged back into newly competitive markets such as energy risk management and electricity marketing. Now, a pending merger with Duke Power will complete its transformation into one of the most successful energy-services giants to arise out of deregulation.

Updated June 15, 1997 by bwwebmaster
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