Cooperates

Coast Guard Issues Favorable Supplemental EA for Cove Point Project

The U.S. Coast Guard Thursday issued a favorable draft supplemental environmental assessment (EA) that supports a “letter of recommendation” (LOR) finding that increased tanker traffic from the expansion of the Dominion Cove Point liquefied natural gas (LNG) terminal in Cove Point, MD, will not create significant environmental risks to the Chesapeake Bay.

March 14, 2008

EIA Raises Demand Projections, Lowers Price Forecast Due to Storage

Assuming the weather cooperates, spot natural gas prices are expected to average about $3.12/Mcf next winter, up about 70 cents from prices during last year’s heating season, but “only” 10-15% higher than current gas prices, according to the Energy Information Administration (EIA). It projects the annual gas price will average about $2.78/Mcf, down significantly from the year-ago level of $4 and down 11 cents from its July forecast. EIA also lowered its 2003 price forecast 20 cents to $3.02.

August 12, 2002

EIA Raises Demand Projections, Lowers Price Forecast Due to Storage

Assuming the weather cooperates, spot natural gas prices are expected to average about $3.12/Mcf next winter, up about 70 cents from prices during last year’s heating season, but “only” 10-15% higher than current gas prices, according to the Energy Information Administration (EIA). It projects the annual gas price will average about $2.78/Mcf, down significantly from the year-ago level of $4 and down 11 cents from its July forecast. EIA also lowered its 2003 price forecast 20 cents to $3.02.

August 9, 2002

Sempra Cooperates With ESPs

San Diego-based Sempra Energy’s two major utilities are taking anew attitude toward the energy service providers in California,treating them as customers rather than competitors under thecorporate holding company’s new strategy to capture an increasingshare of developing retail energy markets nationally. The utilitieswill concentrate on wires and pipes distribution, while nonutilityaffiliates go after the energy services markets.

May 8, 2000