The Senate last Tuesday passed a sweeping, bipartisan energy bill, bringing the Congress to the critical, do-or-die point of trying to reconcile the widely divergent House and Senate versions of the energy measure. Congress has failed at this task twice in recent years.
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Senate Passes Sweeping Energy Bill
The Senate on Tuesday passed a sweeping, bipartisan energy bill, bringing the Congress to the critical, do-or-die point of trying to reconcile the widely divergent House and Senate versions of the energy measure. Congress has failed at this task twice in recent years.
July Natural Gas Drops 22.2 Cents Ahead of Expiration Tuesday
Continuing its divergent path from the petroleum futures complex, July natural gas on Monday retreated as August crude explored north of $60/bbl. Looking at expiration at the end of business Tuesday, the natural gas prompt month traded as low as $7.12 on Monday before settling at $7.138, down 22.2 cents from Friday’s settle.
NatGas Futures Shed 11.3 Cents as Crude Continues Climb
Taking a divergent path from crude, July natural gas futures explored lower on Friday, reaching a low of $7.28 before settling at $7.36, down 11.3 cents from Thursday’s settle and 33 cents lower than the prior Friday’s close.
States, Enron Clash Over Grid Access Before High Court
Justices at the U.S. Supreme Court last Wednesday heard a divergent mix of opinions as to whether FERC has gone too far or done too little in implementing its groundbreaking Order 888 in which the Commission ordered utilities to open up their interstate transmission facilities.
Sempra Buys Dominion’s Argentine Interests
Two U.S. energy giants with divergent approaches to overseasinvestments cut a deal announced Tuesday with Dominion Resources,Inc., continuing to sell off its foreign investments and SempraEnergy continuing to expand its plays out of the country. Semprapaid $145 million in cash for Dominion’s 21.5% interest in holdingcompanies for natural gas distribution companies in central andsouthern Argentina and a 25% interest in the parent company for aBuenos Aires electric utility.
Sempra Buys Dominion’s Argentina Interests
Two U.S. energy giants with divergent approaches to overseasinvestments cut a deal announced Tuesday with Dominion Resources,Inc., continuing to sell off its foreign investments and SempraEnergy continuing to expand its plays out of the country. Semprapaid $145 million in cash for Dominion’s 21.5% interest in holdingcompanies for natural gas distribution companies in central andsouthern Argentina and a 25% interest in the parent company for aBuenos Aires electric utility.