Consolidated

The Michigan Public Service Commission Tuesday approved Michigan Consolidated Gas’s (MichCon) request to sell 3.6 Bcf of natural gas in 2008 and 2009 at an average price of $9/Mcf — nearly a 92% markup from its $4.70/Mcf book value.

Michigan Consolidated Gas (MichCon) will postpone until 2010 a request to raise base rates if the Michigan Public Service Commission (MPSC) allows the company to sell excess gas from one of its storage fields.

Michigan Consolidated Gas (MichCon) will postpone until 2010 a request to raise base rates if the Michigan Public Service Commission (MPSC) allows the company to sell excess gas from one of its storage fields.

Dominion, which is selling off its extensive North American exploration and production (E&P) businesses, on Thursday said it will merge subsidiary Consolidated Natural Gas Co. (CNG) into Dominion Resources Inc. to streamline its corporate structure.

The New York State Public Service Commission (PSC) on Wednesday authorized Consolidated Edison Co. (Con Edison) to expand a natural gas efficiency program in its service territory to prepare for the 2007-2008 winter heating season.

Michigan Consolidated Gas Co. (MichCon) Thursday announced a two-year project to install a new gas pipeline in West Michigan that will increase supplies and help meet future demand spurred by residential and business growth.

The Michigan Public Service Commission (MPSC) last week approved a surcharge on Michigan Consolidated Gas Co. bills, beginning on Jan. 1, to recover uncollectibles expenses.

Despite continued gas and electric utility earnings decreases, PNM Resources Thursday reported unaudited third-quarter consolidated earnings that jumped up 39.1% compared to the same period in 2005, riding improved electric generation plant results. Net ongoing quarterly earnings were $44.4 million, or 63 cents/diluted share, compared to $31.9 million, or 46 cents/diluted share in the third quarter last year.

Bismarck, ND-based MDU Resources Group, Inc. reported record first-quarter 2006 earnings Monday, posting consolidated profits of $53.1 million, a 55% increase over the $34.2 million chalked up in the first quarter of last year.