Discount

LADWP Enlists Reliant For Gas Supply

A $1.2 million discount paid up front in a lump sum and theprospects of picking up energy trading insights from an experiencednational trader are what prompted the nation’s largest municipalutility to sign a one-year gas agreement worth about $25 millionwith Houston-based Reliant Energy Services Inc. last month.

September 13, 1999

Futures Slip Lower Despite Winter Weather

For the third day in a row Wednesday, natural gas futures werelower as traders continued to discount the arctic cold front andfocus on the larger fundamental picture. Even as a wintry mix ofprecipitation spread from Texas to Washington, D.C. yesterday,sources continued to point to the large storage overhang andforecasts calling for warming temperatures by early next week. Theprompt January contract finished 1.9 cents lower at $1.906.

December 24, 1998
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