Wayne, PA-based Planalytics Inc. announced Tuesday that Bayer Corp. has signed an agreement to access Planalytics® GasBuyer(SM), a web-delivered risk management tool for purchasing and hedging natural gas. “The GasBuyer tool will help us manage our natural gas price risk and reduce our gas costs by providing a perspective on where the market is heading over the next year,” said Rick Piotrowski, senior procurement manager, energy for Bayer. “With this perspective on the direction of future gas prices, the GasBuyer is able to sort through the market’s volatility and identify when it is a good time for us to buy gas.” The Planalytics risk management tool uses proprietary long-range climate forecasts and inventory change projections, weekly storage data, real-time Nymex futures contract pricing and advanced neural network technologies to evaluate gas prices for each of the next 12 months. Calculating what it knows about future weather and how it will ultimately impact the market, Planalytics said its GasBuyer determines if gas is currently “undervalued” or “overvalued” and then provides clients with daily buying, selling, and hedging actions that reduce risk and take advantage of opportunities presented by fluctuating prices. Because the tool gives a year-ahead view of the market, the company said clients can address their gas needs gradually, proactively and cost-effectively, while minimizing the negative effects of shorter-term price volatility.
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Wood Lays Out FERC ‘Blueprint’ for Oversight of Energy Markets
The Federal Energy Regulatory Commission has delivered to Congress a “working blueprint” of how it plans to aggressively oversee and monitor energy markets for abuses, in the wake of Capitol Hill’s criticism of its lax policing of the industry over the years.
Wood Lays Out FERC ‘Blueprint’ for Oversight of Energy Markets
The Federal Energy Regulatory Commission delivered to Congress last week a “working blueprint” of how it plans to aggressively oversee and monitor energy markets for abuses, in the wake of Capitol Hill’s criticism of its lax policing of the industry over the years.
FERC Casts Wide Net Over Western Power Sellers — Is Gas Next?
FERC delivered a powerful one-two punch in energy, financial and political circles last week. First, it released explosive documents that appeared to all but substantiate charges that the once-mighty Enron Corp. manipulated trading in the California power market. And before the shock waves had subsided, it launched an industry-wide dragnet targeting 150 electric suppliers to find out just how widespread the use of questionable trading practices has been in the western wholesale energy markets. The gas industry could be the next target, some believe.
El Paso Merchant Calls Market-Power Case a ‘Jumble of Confusion’
Plaintiffs’ evidence that El Paso Merchant Energy Co. (EPME) illegally drove up delivered natural gas prices to the southern California market beginning in mid-2000 is a “jumble of confusion, contradiction, hyperbole and illogic that does not begin to satisfy [the] burden” of proof, the merchant energy company contends.
Transportation Notes
Sonat plans to offer a blanket IT discount for any gas received at a Production Area zone pipeline interconnect and delivered to an interconnect in the same zone. The rate of 5 cents/Dth plus applicable fuel (includes all surcharges) will be implemented July 1 and remain in effect on a month-to-month basis until further notice. See the bulletin board for details.
Kinder Morgan Predicts Rapid Growth in 2001
Strong energy demand and numerous “fee-based” service transactions led to significant financial earnings growth for Kinder Morgan Inc. (KMI) and solid distribution growth for Kinder Morgan Energy Partners (KMP). CEO Richard D. Kinder forecasts 40% growth this year in earnings per share for KMI and raised the distribution targets set for KMP, which already hit its year-end distribution target in the first quarter.
Kinder Morgan Predicts Rapid Growth in 2001
Strong energy demand and numerous “fee-based” service transactions led to significant financial earnings growth for Kinder Morgan Inc. (KMI) and and solid distribution growth for Kinder Morgan Energy Partners (KMP). CEO Richard D. Kinder forecasts 40% growth this year in earnings per share for KMI and raised the distribution targets set for KMP, which already hit its year-end distribution target in the first quarter.
Davis Outlines State Buy Out of Power Lines
California Gov. Gray Davis “delivered” on his plan to buy outthe transmission systems of the financially-troubled investor-ownedutilities in the state Friday, outlining the framework of a deal,but with no dollar signs attached and no on-the-record agreementswith the utilities.
Davis Outlines State Buyout of Power Lines
California Gov. Gray Davis “delivered” on his plan to buy outthe transmission systems of the financially-troubled investor-ownedutilities in the state Friday, outlining the framework of a deal,but with no dollar signs attached and no on-the-record agreementswith the utilities.
