Borrow

To borrow from Mark Twain, rumors of the futures uptrend’s demise have been greatly exaggerated. One day ahead of expiration, November futures reversed course from Monday’s decline on speculation that Thursday morning might see a significantly lower injection than anticipated. The prompt month posted a 51.2-cent jump to settle at $8.402.

With what is expected to be a bearish EIA natural gas storage on Thursday, August natural gas futures may have stole a few cents on Wednesday to close at $5.931, up 9.4 cents on the day. Trading on the day was marked with a number of rises and falls, notching a low of $5.86 and a high of $5.95.

Pacific Gas and Electric Co. was authorized by state regulatorsThursday to borrow an additional $1.4 billion in short-term debt tocover under-collections caused by wholesale power prices exceedingfrozen retail rates the utility is allowed to charge itselectricity customers under the state’s restructuring program.

To borrow a little from Shakespeare, the Summer of 2000 in SanDiego has been the season of consumers’ extreme discontent.Consumers burn their bills in protest, others just are burning.State officials, led by Gov. Gray Davis, claim profit-hungrynon-utility power plant owners have taken advantage of severesupply shortages to gouge consumers. But what’s the real story?

To borrow a little from Shakespeare, the Summer of 2000 in SanDiego has been the season of consumers’ extreme discontent.Consumers burn their bills in protest, others just are burning.State officials, led by Gov. Gray Davis, claim profit-hungrynon-utility power plant owners have taken advantage of severesupply shortages to gouge consumers. But what’s the real story?