Duke Energy (DUK) is to acquire Progress Energy Inc. (PGN) in a $13.7 billion stock deal that would create the country’s largest utility, serving 7.1 million power customers in six regulated territories, the companies said Monday. While the majority of the combined company’s generation would be coal-fired, natural gas and oil units would account for more than one-third of owned generating capacity.
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Haynesville Documentary Airing Tuesday
The documentary “Haynesville: A Nation’s hunt for an Energy Future” is scheduled to air at 9 p.m. EST Tuesday on the CNBC network.
November 23, 2010
Industry Group Releases Pro-Gas Film
Shale Gas and America’s Future, a 30-minute, made-for-TV film about the country’s natural gas drilling boom, has been released by the American Clean Skies Foundation (ACSF), a pro-natural gas industry group.
November 8, 2010
U.S. Shale Gas Causing ‘Ripple Effects’ Abroad, Says Analyst
The United States has become a “surplus natural gas producing country essentially forever” because of shale gas, Credit Suisse analyst Edward Morse said recently.
October 29, 2010
Northeast-NSTAR Union Would Serve 500,000 Gas Customers
Northeast Utilities and NSTAR have agreed on a merger that would create one of the country’s largest utilities with an enterprise value of $17.5 billion. The combined company would be called Northeast Utilities and would have 500,000 natural gas customers as well as three million electric customers.
October 25, 2010
Marcellus Gas Already Displacing Traditional Supplies, Says Analyst
Marcellus Shale gas already is displacing pipeline flows from the west, an energy analyst said Tuesday at the Argus Marcellus Shale Gas Summit 2010 in Houston.
October 22, 2010
Northeast-NSTAR Union Would Have 500,000 Gas Customers
Northeast Utilities and NSTAR have agreed on a merger that would create one of the country’s largest utilities with an enterprise value of $17.5 billion. The combined company would be called Northeast Utilities and would have 500,000 natural gas customers as well as three million electric customers.
October 19, 2010
Williams’ Malcolm to Retire at Year’s End
Steve Malcolm, 62, who guided Williams Cos. from the brink of financial collapse in 2002 to becoming one of the leading natural gas operators in the country, announced that he will retire as CEO and chairman in December.
October 18, 2010
Williams’ Malcolm to Retire at Year’s End
Steve Malcolm, 62, who guided Williams Cos. from the brink of financial collapse in 2002 to becoming one of the leading natural gas operators in the country, announced that he will retire as CEO and chairman in December.
October 14, 2010
Cash Points Fall Everywhere Except the Rockies
Cash averages across most of the country Friday declined on average from a couple of pennies to more than 20 cents as storage supplies remain robust, hot weather in the East and West waned and the tropics continued to offer no threat to Gulf of Mexico energy infrastructure. Points in the Rockies added from 1 to 3 cents.
September 7, 2010
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