Advance

Reaction to Energy Plan (Predictably) Mixed

The reaction was loud, long and predictable — and in fact most was probably written well in advance of yesterday’s unveiling. While the energy industry — from natural gas interests, to coal to nuclear power — hailed the Bush energy plan for its long-overdue focus on developing the nation’s energy resources and infrastructure, environmentalists bashed it as a bunch of dirty words aimed at derailing the movement to reduce pollution and preserve the environment.

May 21, 2001

Reaction to Energy Plan (Predictably) Mixed

The reaction was loud, long and predictable — and in fact most was probably written well in advance of yesterday’s unveiling. While the energy industry — from natural gas interests, to coal to nuclear power — hailed the Bush energy plan for its long-overdue focus on developing the nation’s energy resources and infrastructure, environmentalists bashed it as a bunch of dirty words aimed at derailing the movement to reduce pollution and preserve the environment.

May 18, 2001

Independence Ruling Upheld; Transco, ANR Projects Advance

FERC last week held firm to its July order in which it awarded amuch-sought-after certificate to the controversial IndependencePipeline, rejecting numerous requests to reconsider whether theproject’s precedent agreements were binding and its market needjustified. Federal regulators also gave the go-ahead for Phase IIof ANR Pipeline’s Wisconsin expansion, a Reliant Energy GasTransmission looping expansion in Arkansas, and accorded apreliminary determination to Transcontinental Gas Pipe Line for itsproposed Sundance expansion in the Southeast.

October 2, 2000

Independence Upheld; Transco, ANR Projects Advance

FERC had a very busy day yesterday on the natural gas side.First, it upheld its July order in which it awarded a certificateto the Midwest-to-East Coast Independence Pipeline, fending offcontinuing questions about the binding nature of the project’sprecedent agreements and its market need. Federal regulators alsogave the go-ahead for Phase II of ANR Pipeline’s Wisconsinexpansion, a Reliant Energy Gas Transmission expansion in Arkansas,and awarded a preliminary determination to Transcontinental GasPipe Line for its proposed Sundance expansion in the Southeast.

September 28, 2000

Market Still Bullish on Futures, Meager Storage Build

Cash prices continued to advance Wednesday with the West onceagain leading the procession, and there was no hint of a setback insight as the screen rose above $5 for October and reported storageinjections remained below par. Crude oil futures also were verystrong, with the October contract settling a dime short of $35/bbl.

September 7, 2000

Prices See Big Rally; PG&E Citygate Up Nearly a Dollar

The cash market used Friday’s futures advance, along withexpectations of hotter weather this week, as a springboard toachieve across-the-board gains in double digits Monday.

July 11, 2000

Friday Advance Belies Potential Technical Weakness

After suffering a 9-cent setback late Wednesday afternoon,natural gas futures held their ground Thursday as traders electedto play it safe ahead of the holiday weekend. The May contractchecked to either side of unchanged, but ultimately finished inpositive territory, up 1.8 cents at $3.073. A narrow 4-cent tradingrange and a modest 54,989 in estimated volume were evidence of thequiet trade Thursday.

April 24, 2000

Weekend Prices Advance Except in OFO-Shy West

Cash traders in markets outside the West, taking encouragementfrom patches of cold weather (both existing and predicted) and ascreen that briefly tested the waters above $3 Friday morning,pushed weekend prices higher by about a nickel in the Gulf Coastand Midcontinent/Midwest to more than a dime in the Northeast.

April 10, 2000

Late Buying Lifts March to Modest Advance

With little in the way of fresh news, natural gas futures limpedmostly sideways yesterday as cautious summer bulls matched upnearly perfectly with March bears. In fact, the only notablefeature in Thursday’s session was a rash of market-on-close buying,which firmed prices at the end. The March contract advanced 1.9cents to finish at $2.549 on its penultimate trading day.

February 25, 2000

Amid Barrage of Mixed News, Futures Advance Slightly

After a lower opening failed to attract much in the way offollow-through selling, the natural gas futures market clawed itsway back to post a modest gain Friday as traders were hit a bevy offundamental and technical factors. The January contract closed up1.9 cents at $2.655 while the rest of the strip closed downslightly.

December 20, 1999