The board of directors of NUI Corp. has brought in former KeySpan executive Craig G. Matthews as NUI’s new president and CEO to lead the sale of the company. NUI stunned the financial community last September by announcing that it would sell its entire integrated natural gas business because of credit downgrades and “adverse business conditions.”
Brought
Articles from Brought
Forecasters: Arctic Mass to Stick Around for Most of January
As the new year has brought steep mercury drops in many areas of the United States, many forecasters including AccuWeather.com, Weather 2000 and WSI Corp. are calling for the freeze to stick around for much of January.
Forecasters: Arctic Mass to Stick Around for Most of January
As the new year has brought steep mercury drops in many areas of the U.S., Joe Bastardi, senior expert meteorologist for AccuWeather.com, said it is almost certain that for many people it’s going to be the coldest 20-day period experienced since the winter of 1996.
Trunkline Removes Critical Notice That Spurred Producer Complaint
A multi-year “critical notice” that was the target of a complaint brought by producer-shippers against Trunkline Gas pipeline was removed last Wednesday, the pipeline informed FERC.
Trunkline Removes Critical Notice That Spurred Producer Complaint
A multi-year “critical notice” that was the target of a complaint brought by producer-shippers against Trunkline Gas pipeline was removed Wednesday, the pipeline informed FERC.
Bull Market: More Cold, Screen Spike…and Tropical Storm?
Once again Northeast citygates took the lead and the West brought up the rear in Thursday’s across-the-board rebound from softness on Wednesday. Cash relied primarily on prospects of continuing frigid weather for its strength Thursday, but should be able to continue higher Friday due to storage data, spiking futures and an out-of-season tropical storm’s potential for getting into the Gulf of Mexico.
LNG Development Sinks Cheniere’s Earnings Even Lower
Brought down by the company’s increased LNG terminal development expenses, Cheniere Energy Inc. posted a net loss of $2,387,021, or $0.16 per share, for the third quarter of 2003 compared with a net loss of $1,474,972, or $0.11 per share, a year earlier.
LNG Development Sinks Cheniere’s Earnings Even Lower
Brought down by the company’s increased LNG terminal development expenses, Cheniere Energy Inc. posted a net loss of $2,387,021, or $0.16 per share, for the third quarter of 2003 compared with a net loss of $1,474,972, or $0.11 per share, a year earlier.
Mild Weather, Impairments Impact Some Utilities While Others Soar
After battling through a third quarter that brought a cooler than normal close to summer and numerous asset impairments, many electric utilities posted lower than expected earnings, while few managed to outdo their results from last year.
Enserco Follows Williams, EnCana in Settling Market Manipulation Charges with CFTC
The U.S. Commodity Futures Trading Commission (CFTC) has brought in a total of $43 million in civil monetary penalties this week to settle charges of attempted gas market manipulation and false price reporting by three natural gas trading companies, including Enserco Energy, which paid $3 million on Thursday. Enserco’s fine followed $20 million each from EnCana and Williams earlier in the week (see Daily GPI, July 30, July 29).