As 2010 got under way biting cold settled in across the northern tier of states, sending prices spiking in the Northeast, while pipelines began tightening restrictions with an eye to an extended period of below-normal temperatures and peak demand.
Biting
Articles from Biting
Futures Fall Below $4 as Recent Rally Deemed ‘Overdone’
Despite crude futures reaching a six-month high on Tuesday, natural gas futures traders weren’t biting like they were on Monday as the June contract pushed back below psychological support at $4, stamping out the recent rally that saw a high of $4.575 less than a week ago. Even the early arrival of a Gulf of Mexico-threatening tropical disturbance wasn’t enough to prop natural gas futures up as the prompt-month contract closed Tuesday’s regular session at $3.914, down 22.5 cents from Monday’s finish.
May 20, 2009
Allegheny Gets Crucial Set of Waiver Extensions From Lenders
Capping a nail-biting day for Allegheny Energy investors, the Maryland-based power company last Tuesday offered up good news for its shareholders. Allegheny said that based on substantial progress made in negotiations with lenders, two of its subsidiaries received extensions on waivers from bank lenders under their credit agreements through the end of this month.
January 20, 2003
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