Blame it on Enron Corp.’s collapse or commodity prices that have dropped from the heavens, but whatever the reason, utility executives are rethinking their once lofty notions of the merchant energy side of the business and instead have begun to turn more attention to their core generation businesses — a strategy change that has occurred in just one year.
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Pipeline Expansion Hits Highs Not Seen Since 1960’s
Due to the increased natural gas demand in the country sparked by new gas-fired generation coming online, the United States is experiencing the largest wave of pipeline infrastructure expansion since the early 1960’s , according to a recent advisory from Industrial Information Resources Inc. (IIR). The consultant group said it expects 25,000 miles of gas transmission pipeline will be constructed by 2010 and an additional 13,000 miles by 2015, with estimates ranging up to 275,000 miles or more of distribution pipelines.
August 13, 2001
Duke Earnings Soar on Wholesale Energy Activities
Duke Energy earnings jumped 23% during the second quarter to 54 cents/share led by a 128% quarterly increase in EBIT (earnings before interest and taxes) from wholesale energy operations. Duke’s Energy Services division, which includes North American Wholesale Energy, International Energy and Other Energy Services business segments, posted EBIT of $328 million for the quarter, a 58% increase over 2Q2000.
July 23, 2001
Producers Knock Land Set-Aside
President Clinton’s announcement Friday of a ban on new roads,logging and other activities on more than one-fourth of allfederally owned lands will put quite a dent in the futureexploration and production of natural gas in the United States, gasproducers indicated.
January 8, 2001
Producers Knock Clinton Plan To Set Aside Public Lands
President Clinton’s announcement Friday of a ban on new roads,logging and other activities on more than one-fourth of allfederally owned lands will put quite a dent in the futureexploration and production of natural gas in the United States, gasproducers indicated.
January 8, 2001
AGA Forms New Council for Members
The American Gas Association (AGA) has formed a new LeadershipCouncil to serve as a forum for member company senior executives tomanage and participate in association activities. The council willinclude senior executives not serving on the AGA board.
October 18, 2000
Down One Day, Up Another; July Jumps Back 18.8 Cents
Bungy jumping, yo-yoing and roller coaster riding are allactivities that have very much in common with what has been goingon in the gas pit at the New York Mercantile Exchange this week.Many observers expect more of the same until near-month futureseither take out support at $3.80 or bust through resistance at$4.55, “a nice friendly little trading range.”
June 9, 2000
Oklahoma Expected to Boost Oil, Gas Tax Exemptions
In what state officials say would be a boon to the oil and gasindustry in Oklahoma, oil and gas drillers are expected to add totheir tax exemptions for certain types of activities underlegislation now awaiting Gov. Frank Keating’s signature. As ofFriday afternoon, Keating had taken no action on the bill, but hehas until June 10 to sign or veto it.
June 5, 2000
Oklahoma Expected to Boost Oil, Gas Tax Exemptions
In what state officials say would be a boon to the oil and gasindustry in Oklahoma, oil and gas drillers are expected to add totheir tax exemptions for certain types of activities underlegislation now awaiting Gov. Frank Keating’s signature.
May 31, 2000
New DOE Gas Center Opens Doors
The Department of Energy (DOE) has opened a new Strategic Centerfor Natural Gas that will oversee a full range of the agency’sgas-related activities.
May 29, 2000
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