Convergence Becomes Law of the Land

Convergence of gas and electricity is no longer a trend on thehorizon but rather the law of the land. Anyone doubting this needonly look at who the big players are in both commodities, notedKenneth D. Rice, CEO of Enron Capital & Trade Resources (ECT).

June 25, 1998

June Futures Barely Manage To Expire Above $2

Anyone who thought that the meager 0.1 cent gain the June Nymexcontract turned in on Tuesday would lead to a boring expiration daywas dead wrong. June managed to spew out one more major pricedecline on Wednesday, as the contract went off the board down 7.8cents for the day to settle at $2.017.

May 28, 1998

Screen Example Pushes Cash Prices Off a Cliff

It hardly came as a surprise to anyone when cash prices took along, hard fall Thursday. The previous day’s screen dive had givena none-too-subtle signal of where cash was going. Double-digitdecreases were prevalent at virtually all points, with some lossesreaching 20 cents.

April 24, 1998
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