Atlanta

As an operator of global regulated futures exchanges and over-the-counter (OTC) markets, Atlanta-based IntercontinentalExchange Inc. (ICE) said late last month it plans to introduce more than 50 additional cleared energy contracts in its OTC marketplace beginning Friday (Dec. 5) and extending into 2009.

As an operator of global regulated futures exchanges and over-the-counter (OTC) markets, Atlanta-based IntercontinentalExchange Inc. (ICE) said Tuesday it plans to introduce more than 50 additional cleared energy contracts in its OTC marketplace beginning Dec. 5 and extending into 2009.

The announcement last week of an early end to Atlanta-based Mirant Corp.’s $4.6 billion stock buyback was not prompted by liquidity problems, according to Mirant CEO Edward R. Muller.

While the competition for commodity trading market share continues to rage on between the New York Mercantile Exchange (Nymex) and Atlanta-based IntercontinentalExchange (ICE), the rivals are also neck and neck in earnings as both companies reported record 1Q2007 results last week.

Keeping to the original plan of rolling out physical clearing services at specific delivery points over time, Atlanta-based IntercontinentalExchange (ICE) and Calgary-based Natural Gas Exchange Inc. (NGX) said last week that through their alliance, they will offer clearing and settlement services for physical over-the-counter (OTC) natural gas contracts at the Henry Hub delivery point beginning April 7.

Keeping to the original plan of rolling out physical clearing services at specific delivery points over time, Atlanta-based IntercontinentalExchange (ICE) and Calgary-based Natural Gas Exchange Inc. (NGX) said Monday that through their alliance, they will offer clearing and settlement services for physical over-the-counter (OTC) natural gas contracts at the Henry Hub delivery point beginning April 7.

Continuing its streak of record results, Atlanta-based IntercontinentalExchange Inc. (ICE), operator of global exchanges and over-the-counter (OTC) markets, reported that its consolidated net income increased 68% to a record $240.6 million in 2007 from $143.3 million in 2006. In addition, the company reported consolidated net income for the fourth quarter of 2007 of $64.7 million, a 32% increase compared to $49 million for the fourth quarter of 2006.

Continuing its streak of record results, Atlanta-based IntercontinentalExchange Inc. (ICE), operator of global exchanges and over-the-counter (OTC) markets, reported that its consolidated net income increased 68% to a record $240.6 million in 2007 from $143.3 million in 2006. In addition, the company reported consolidated net income for the fourth quarter of 2007 of $64.7 million, a 32% increase compared to $49 million for the fourth quarter of 2006.

FERC Friday gave the environmental go-ahead for Golden Triangle Storage, a wholly owned subsidiary of Atlanta-based AGL Resources, to build a 16 Bcf high-deliverability natural gas storage facility in Jefferson and Orange counties, TX.