Weekend prices bowed under the weight of the umpteenth huge weekly storage injection report and generally mild weather in the key Midwest and Northeast market areas. Despite reports of air conditioning load starting to pick up to near-normal summer levels in the South and Midcontinent, quotes declined between a nickel and 20 cents at most points, with much bigger plunges seen in California.
Bowed
Articles from Bowed
California Restricts Retail Unbundling
California legislators have bowed to industry pressure andextended the state’s ban on natural gas unbundling for residentialand small business customers. The new law (AB 1421) passed in alate-night session in the waning days of the current legislaturewill maintain the utilities’ role as the almost exclusive providerfor small customers.
September 13, 1999
California Restricts Retail Unbundling
California legislators have bowed to industry pressure andextended the state’s ban on natural gas unbundling for residentialand small business customers. The new legislation (AB 1421) waspassed in a late night session in the waning days of the currentlegislative session and will maintain the utilities’ role as thealmost exclusive provider for small customers.
September 13, 1999
Retail Marketers Score In Connecticut Ruling
In an interim decision on retail gas competition last week,Connecticut regulators bowed to pressure from marketers by loweringbalancing penalties, allowing imbalance trading and ordering thestate’s three LDCs to provide a monthly economic comparison ofvarious cash-out methodologies.
November 9, 1998
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