A new General Accounting Office (GA0) report concluding that theelectric utilities are lagging behind on Y2K readiness came underfire in industry circles for being based on data that was sixmonths old. The GAO report, which was released last Friday,followed a Senate study of the issue that industry critics contendalso was founded on out-dated, faulty information.
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Articles from Behind
Initial Plunge Left Far Behind as April Gains 2.5 Cents
After gapping 4 cents lower on the open Thursday, the May HenryHub futures contract quickly prompted eager buying as locals andfunds jumped in to take advantage of the downturn. The contractjumped all the way to a new three-month high of $2.090 beforeprofit-taking triggered a sharp retracement. May ended Thursday’sregular session up 2.5 cents from Wednesday’s close.
April 5, 1999
Futures Price Follow Cash Quotes Higher
For a change, fundamentals actually seemed to be behind pricemovements at the New York Mercantile Exchange on Monday. The spotApril contract gained 4.0 cents to $2.169 yesterday, as a blast ofwinter temperatures propelled cash market prices up 5-10 centsacross much of the country.
March 10, 1998
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