Atlanta

Atlanta-based IntercontinentalExchange Inc. (ICE) continues to impress the financial world as the electronic energy marketplace and soft commodity exchange was just named the best performing stock over 2006 among 1,000 companies in the Wall Street Journal’s (WSJ) annual Shareholder Scoreboard. ICE also posted new volume and commission records during February.

Heated commodity exchange competition appears to be paying off for New York-based Nymex Holdings Inc. and Atlanta-based IntercontinentalExchange (ICE), as the arch rivals both reported record earnings and results for the third quarter of 2006.

Heated commodity exchange competition appears to be paying off for New York-based Nymex Holdings Inc. and Atlanta-based IntercontinentalExchange (ICE), as the arch rivals both reported record earnings and results for the third quarter of 2006.

During a month that saw high volatility, Atlanta-based IntercontinentalExchange (ICE) reported record activity on its online marketplace during the month of August. Average daily volume (ADV) for ICE futures, its London-based regulated futures subsidiary, totaled 406,037 contracts for an eighth consecutive monthly record, an increase of 115.1% over August 2005’s 188,757 contracts.

In an effort to improve access and reduce connectivity costs to its electronic energy trading platform, Atlanta, GA-based IntercontinentalExchange (ICE) reported Wednesday it has opened a new telecommunications hub for the New York City metropolitan area. The company also reported that the exchange posted record Gas Oil (heating oil) volumes on Monday.

Spurned but not passive, Atlanta-based Mirant Corp. Wednesday sued NRG Energy, Inc., the company it covets, for rejecting what is being described as an $8 billion takeover bid.

As the battle for energy trading supremacy continues to heat up, both Nymex Holdings Inc., the holding company of the New York Mercantile Exchange (Nymex), and Atlanta, GA-based IntercontinentalExchange (ICE) both reported strong earnings increases over 2004. The head-to-head competition for energy trading market share has increased over the past year (see Daily GPI, Feb. 16).

Due to expiring contracts, Atlanta-based AGL Resources announced Tuesday it is soliciting bids for firm and interruptible natural gas storage services that will be available in early 2006 at the company’s Pivotal Energy Development Jefferson Island Storage & Hub (JISH), a salt cavern storage facility in Louisiana.

The Georgia Public Service Commission (GPSC) voted 4-1 Tuesday to reconsider its order in April that freezes Atlanta Gas Light Co.’s residential rates, sharply reducing its annual revenues.