The Bush administration last week kicked off a national campaign aimed at helping U.S. residential consumers, businesses and the federal government conserve energy this winter in response to escalating prices for home heating fuels.
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Administration Kicks Off Campaign to Reduce Winter Fuel Consumption
The Bush administration on Monday kicked off a national campaign aimed at helping U.S. residential consumers, businesses and the federal government conserve energy this winter in response to escalating prices for home heating fuels.
Calgary’s Quandary: Sour (Poisonous) Gas Production vs. Expanding Suburbs
After shutting in 2% of natural gas production and reserves to conserve underground pressure in its oilsands, Canada’s chief producing province has embarked on a test case as to whether it can keep open a far larger, mainstay source of natural gas.
Calgary’s Quandary: Sour (Poisonous) Gas Production vs. Expanding Suburbs
After shutting in 2% of natural gas production and reserves to conserve underground pressure in its oilsands, Canada’s chief producing province has embarked on a test case as to whether it can keep open a far larger, mainstay source of natural gas.
AEP Board Approves 42% Reduction in Dividend to $0.35/Share
As part of American Electric Power’s (AEP) ongoing efforts to conserve cash, slash debt and improve its balance sheet, the electric utility last Wednesday said that its board of directors approved a 42% reduction in AEP’s quarterly dividend from 60 cents per share to 35 cents per share.
Northeast Continues Higher; Rest of Market Flat to Down Slightly
Wednesday’s cash market was basically a repeat of what happened on Tuesday with Northeast prices making further gains of more than 60 cents to highs well above $10 at most locations while the rest of the market was flat or slipped a little with the weakness in the futures market and forecasts of warmer temperatures next week.
California Creates State Power Authority
Amid a buzz about higher retail rates and the need to conserve to cut down on summer’s looming blackouts, California Gov. Gray Davis Wednesday signed a new law (SB 6X) creating the “California Consumer Power and Conservation Financing Authority,” which will have broad powers to construct, own and operate electric generation and power facilities and finance energy conservation programs. The law becomes effective in 90 days.