The Missouri Public Service Commission has approved the unanimous settlement reached in the rate case filed by Laclede Gas in December, authorizing a $38.6 million annual increase in base rates effective Aug. 1.
December
Articles from December
Laclede Gas Gets Base Rate Increase in Missouri
The Missouri Public Service Commission approved the unanimous settlement reached in the rate case filed by Laclede Gas in December, authorizing a $38.6 million annual increase in base rates effective Aug. 1.
Lower Gas Prices Create ‘Compelling’ Takeover Targets in E&P
Exploration and production (E&P) equities are down nearly 15% since early December, but if the current seasonal weather reverts to warmer-than-normal conditions in the next three weeks, share prices likely will be slapped down again in mid-to-late February, which could create “compelling acquisition opportunities,” energy analysts said last week.
Analysts Say Lower E&P Share Prices Create ‘Compelling’ Acquisitions
Exploration and production (E&P) equities are down nearly 15% since early December, but if the current seasonal weather reverts to warmer-than-normal conditions in the next three weeks, share prices likely will be slapped down again in mid to late February, which could create “compelling acquisition opportunities,” energy analysts said Tuesday.
AccuWeather’s Bastardi Sees Winter Turning ‘Cold and Stormy’
Despite the U.S. having just experienced its fourth warmest December since records began in 1895 (see related story), AccuWeather chief long-range forecaster Joe Bastardi said the unseasonably warm winter to date in the United States is likely to “turn on a dime” this month. If his forecast proves true, natural gas and power prices could be jolted higher, as already evidenced by the natural gas futures market’s response to these cold front warnings.
AccuWeather’s Bastardi Sees Winter Turning ‘Cold and Stormy’
Despite the U.S. having just experienced its fourth warmest December since records began in 1895 (see Daily GPI, Jan. 10), AccuWeather chief long-range forecaster Joe Bastardi said the unseasonably warm winter to date in the United States is likely to “turn on a dime” this month. If his forecast proves true, natural gas and power prices could be jolted higher, as already evidenced by the natural gas futures market’s response to these cold front warnings.
Most Points Sustain Upward Price Moves
Despite a weather map dominated by fairly moderate conditions for mid-December, cash gas was finding enough heating load in northern market areas to keep prices rising substantively at most points Wednesday.
1 Bcf Storage Draw Seen as ‘Neutral;’ Futures Finish Lower
Coming a day early because of Thanksgiving, the Energy Information Administration’s (EIA) weekly storage report Wednesday showed a net 1 Bcf withdrawal for the week ended Nov. 17. The December natural gas futures contract took the report in stride as a number of traders had decided to begin their Thanksgiving holiday a day early. Despite the nonevent, the prompt month retained its earlier losses to close at $7.718, down 27 cents on the day and 46.1 cents lower than the previous week’s close.
Futures Drop Below $8 Again as Traders Await Fresh Storage Data
Trading within a thin range, as a number of traders already had their sights set on the long holiday weekend, December natural gas futures on Tuesday dropped back below the psychological $8 level to record a low of $7.910 before closing at $7.988, down 3.1 cents on the day.
MO Energy Task Force Wants Diversified Fuels to Meet State Demands
The Missouri Energy Task Force, a blue-ribbon panel appointed last December by Gov. Matt Blunt, on Thursday recommended the state adopt a “common-sense approach” to meeting the increasing energy demands within the state. Among other things, the panel recommended diversifying energy sources to include wind-and ethanol-based fuels, as well as increasing conservation efforts to keep energy costs affordable.