Correct

A federal appeals court in Washington, DC on Tuesday upheld an order in which FERC approved a significantly higher annual cashout surcharge rate for ANR Pipeline, even though it said the method for calculating the surcharge had become “unjust and unreasonable.”

A change in inventory accounting principles helped Royal Dutch/Shell Group increase net income in the first quarter by $226 million to $4.7 billion, up from the previously reported $4.43 billion. The oil major last week also updated its quarterly production figures to give investors “further clarity” ahead of its second quarter results, which will be announced July 29.

Ending a seven-session price advance, natural gas futures dropped lower at the opening bell Monday as traders alleviated overbought conditions and cashed in on a portion of recent gains. After that initial wave of weakness, however, the market steadied itself, giving buyers the opportunity to chip away at the deficit for the remainder of the day.

PG&E Transmission, Northwest Corp. (PG&E-GTN) was correct last fall when it determined that Denver, CO-based marketer, e prime Inc., was no longer creditworthy under the pipeline’s tariff guidelines, and threatened to suspend service to the company, according to FERC. However, the agency has deferred ruling on whether PG&E-GTN had the authority to demand from e prime a 12-month pre-payment of charges to continue as a shipper.

The Virginia State Corporation Commission (SCC) has approved a plan to correct natural gas customer billing errors that caused approximately 25,800 Washington Gas Light (WGL) customers to be overbilled or underbilled. The errors occurred over the past 10 years.

The Virginia State Corporation Commission (SCC) approved a plan last week to correct natural gas customer billing errors that caused approximately 25,800 Washington Gas Light (WGL) customers to be overbilled or underbilled. The errors occurred over the past 10 years.

If the analysis of a top industry observer is correct, prices still have some room left to move higher but little time to do so. As the end of the year approaches, traders should be prepared to recognize that the high prices for the season may be in, he said.

If the analysis of a top industry observer is correct, prices still have some room left to move higher, but as the end of the year approaches traders should be prepared to recognize that the high prices for the season may be in.

If the assessment of a top industry analyst is correct, the structure of natural gas demand is undergoing a significant change which is likely to lead to increased weather-derived price volatility. Current price levels beg the question of how such elevated prices can be sustained given full storage supplies.