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The Colorado Public Utilities Commission (PUC) approved a settlement increasing Xcel Energy’s annual natural gas base rate revenue by $32.2 million, but it also is requiring the company to absorb some revenue loss due to declining customer usage.

Bringing the string of consecutive expirations in the $7.50s to four, June natural gas futures on Tuesday put in a low of $7.490 before expiring at $7.591, down 4.9 cents on the day. The settle also marked the June contract’s seventh consecutive lower regular session close, bringing the loss streak to 48.4 cents.

While some research has linked global warming with increased intensity of hurricanes, a recent study has found that warming might also contribute to vertical wind shear, which has long been viewed as an inhibitor of hurricane development.

While some research has linked global warming with increased intensity of hurricanes, a recent study has found that warming might also contribute to vertical wind shear, which has long been viewed as an inhibitor of hurricane development.

Demonstrating that global warming is also a natural gas utility concern, Sempra Energy’s Southern California Gas Co. Tuesday said it has followed an affiliated utility in successfully certifying its 2005 greenhouse gas (GHG) emissions inventory with the California Climate Action Registry, gaining designation as a “Climate Action Leader.” Sempra’s other California utility, San Diego Gas and Electric Co., gained similar status earlier in March.

National Fuel Gas Supply Corp. filed an application at FERC to abandon by sale the Owls Nest Storage Field in Elk County, PA. The company also is seeking permission to to sell the field’s base gas.

National Fuel Gas Supply Corp. filed an application at FERC to abandon by sale the Owls Nest Storage Field in Elk County, PA. The company also is seeking permission to to sell the field’s base gas.

A newly licensed technology from inventors at the Los Alamos National Laboratory promises to sharply lower the costs of gas liquefaction while also making liquefaction an option to oil producers around the world that typically flare their associated natural gas.

There is such a thing as too much transparency, the U.S. Justice Department told FERC in comments on the Commission’s consideration of how to use its new responsibility to ensure market transparency under the Energy Policy Act of 2005. Justice advised that dissemination of company-specific or transaction-specific information could harm consumers by allowing companies to coordinate activities and drive prices up [AD06-11].