Dominance

The cash market saw mixed pricing for the third straight day Friday. Call it a tie.

The United Kingdom’s National Grid will make major strides in its near-dominance of major utilities in the New York-New England section of the United States with its plan to acquire KeySpan Corp., rumored last week and announced early Monday. National Grid will pay $42 per share in cash in a transaction valued at approximately $7.3 billion, with an enterprise value of $11.8 billion. The boards of both companies unanimously approved the acquisition.

Natural gas dominance in the new housing market began to show signs of weakening in 2004 apparently because of high natural gas prices, according to the latest “Residential Gas Market Survey” by the American Gas Association (AGA).

There are as many scenarios as there are proponents for hydrogen’s future dominance as a clean transportation and domestic energy source, and its long-term future is assured if the current political, environmental and regulatory backing it enjoys stays committed as it appeared to be during the National Hydrogen Association’s 15th annual conference in Los Angeles April 26-29. If there are skeptics, they are in the minority, and in the academic arena.

The New York Mercantile Exchange (Nymex) has extended its energy market dominance into the over-the-counter (OTC) market by clearing $1.5 billion in OTC instruments since starting OTC clearing at the end of May. As of Nov. 1, Nymex has cleared 441.1 trillion Btus of gas and 152,800 MWh of power.

Coastal’s ANR Pipeline is continuing its battle against aproposed pipeline that would challenge its dominance of theWisconsin market. ANR is calling for backers of the GuardianPipeline project to make costs of the project public to provewhether it would reduce Wisconsin gas prices.

The energy industry has begun the “last days of the age of oil,”with a cast of cleaner fuels waiting to take center stage,according to ARCO CEO Mike R. Bowlin.

The energy industry has begun the “last days of the age of oil,”with a cast of cleaner fuels waiting to take center stage,according to ARCO CEO Mike R. Bowlin.

Natural gas was featured in 69% of single-family homes completedin 1997, continuing its dominance of the home-heating market,according to the American Gas Association’s (AGA) “1997 ResidentialNatural Gas Market Survey.