Cord

Dynegy, which started life as the Natural Gas Clearinghouse in the 1980s, would cut the cord on its last tie to the natural gas business with its proposed sale of its extensive midstream natural gas liquids (NGL) asset and marketing network, a move that analysts say could bring in as much as $3 billion. The Houston-based company put its NGL business on the market with an announcement Monday.

Aquila Inc. has agreed to end a long-term relationship with natural gas and power marketer ACN Energy, in which Aquila Merchant Services Inc. provided supply, trade finance, market guarantees, loans and associated services in exchange for fees and liens on ACN Energy assets.

Aquila Inc. has agreed to end a long-term relationship with natural gas and power marketer ACN Energy, in which Aquila Merchant Services Inc. provided supply, trade finance, market guarantees, loans and associated services in exchange for fees and liens on ACN Energy assets.

With all the trajectory of a risk manager tethered to abungee-cord and thrust out of a Houston skyscraper, natural gasprices dove then rebounded Monday as traders digested fresh weatherforecasts.

As if tethered to a bungie cord, natural gas prices bounced backyesterday at the New York Mercantile Exchange as temperatures alongthe East Coast soared into the 90s. Those record-setting readingsalong with stronger crude oil and physical natural gas prices gavetraders the opportunity to reclaim a large portion of last week’sprice slide. The June contract received the biggest boost, pushing14.5 cents higher to finish at $3.17.