FERC last week played Santa Claus to the natural gas industry bygranting its wish for a second extension of the deadline forcomments on the mega-notice of proposed rulemaking (NOPR)addressing short-term capacity issues and notice of inquiry (NOI)focusing on long-term transportation issues (RM98-10, RM98-12]. Butit did not close the door on those few who might want to filecomments under the current schedule.
Christmas
Articles from Christmas
New Quotes Essentially Non-Existent Thursday
As expected, Christmas Eve was pretty much a non-event in thecash market. Virtually all holiday weekend business through todayhad been taken care of Wednesday, and though a number of tradersdid put in brief appearances at the office Thursday, they didlittle more than check what futures was doing in an abbreviatedtrading session. “We had to come in for the first half of the dayor else count it as a whole vacation day,” one marketer commented.
Industry Gets Second Extension for Christmas
FERC yesterday played Santa Claus to the natural gas industry bygranting its wish for a second extension of the deadline forcomments on the mega-notice of proposed rulemaking (NOPR)addressing short-term capacity issues and notice of inquiry (NOI)focusing on long-term transportation issues (RM98-10, RM98-12]. Butit did not close the door for those few who might want to filecomments under the current schedule.
No Holiday Cheer for Producers in Plunging Prices
Producers must have thought the Grinch was stealing Christmasearly when they saw the abyss-like depths to which December swingprices were sinking Monday. “I’ve never seen it [the spot market]dump so hard in my life!” exclaimed a Midcontinent trader.