Oregon Gov. Ted Kulongoski held a one-day Energy Summit last Wednesday for the major stakeholders from the public and private sectors in his state, and in his opening and closing remarks he broadened his outlook to be all-inclusive of various traditional and alternative energy options, including the import of liquefied natural gas (LNG). Kulongoski would not rule out any options and said he will soon create a new state unit to ferret them out.
Closing
Articles from Closing
Futures Shave 33% of Value Since July 3, Settle Just Above $9
August natural gas futures continued lower Friday and ventured briefly below $9 for a second consecutive session before closing at $9.084, down 23.9 cents from Thursday and $1.486 lower than the previous week’s finish. Despite the month-long plunge, some traders are noticing some significant buying efforts as people attempt to bargain hunt.
July 28, 2008
CEO: Black Hills Targeting More Utility Assets
After closing two deals since last Friday that greatly reduce its independent power generation holdings and greatly increase utility assets, Rapid City, SD-based Black Hills Corp. has an ideal base to make additional acquisitions in both the utility and independent power sectors, CEO David Emery told financial analysts Tuesday.
July 18, 2008
Futures Record Two-Year High as Independence Hub Remains Off-Line
Front-month natural gas futures traded at a more than two-year high Wednesday as the May contract recorded a peak of $10.470 before closing at $10.433, up 22.8 cents from Tuesday’s close. The action left traders scratching their heads for answers as to what the driving force might have been.
April 17, 2008
Sempra Eyes Faster Growth, More Diversity by 2012
Despite roiling global financial markets, federal regulatory delays in closing its joint venture with the Royal Bank of Scotland (RBS), and dissatisfaction with the company’s current stock price, San Diego-based Sempra Energy expects to have faster earnings growth and more diversity in its operations over the next five years, CEO Donald Felsinger told the company’s annual analyst meeting in New York City Thursday.
March 28, 2008
Futures Gain 15 Cents, But Some Expect Expiration Drop
One day ahead of expiration, April natural gas futures pushed higher on Wednesday, reaching a high of $9.650 before closing out the day at $9.572, up 15.3 cents from Tuesday’s finish. However, the gains in gas futures were overshadowed by May crude, which shot $4.68 higher on the day to close at $105.90/bbl.
March 27, 2008
Futures Look for Middle Ground, Settle Nearly A Dime Higher
April natural gas futures kept to a tight 15.5-cent range Tuesday before closing 9 cents higher at $9.419 as traders mulled supply concerns, weather uncertainties and the potential impact of a U.S. economic recession.
March 26, 2008
Commerce Stays Closure of Record in Weaver’s Cove CZMA Appeal
Commerce Secretary Carlos Gutierrez has postponed closing the record in the case involving the Weaver’s Cove liquefied natural gas (LNG) terminal project for an additional 60 days to receive more information on the company’s consistency appeal under the Coastal Zone Management Act (CZMA).
March 10, 2008
Commerce Stays Closure of Record in Weaver’s Cove CZMA Appeal
Commerce Secretary Carlos Gutierrez has postponed closing the record in the case involving the Weaver’s Cove liquefied natural gas (LNG) terminal project for an additional 60 days to receive more information on the company’s consistency appeal under the Coastal Zone Management Act (CZMA).
March 4, 2008
Calpine Makes $7.3B Exit from Chapter 11 Bankruptcy
Considerably lighter in debt and megawatts, San Jose, CA-based Calpine Corp. Thursday emerged from Chapter 11 bankruptcy, closing its $7.3 billion exit financing facility, including a $300 million bridge loan the reorganized independent power plant developer/operator expects to pay off by the end of the first quarter.
February 4, 2008
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