While giving no indications that his own company plans to put a “for sale” sign in front of its headquarters, Mayo Shattuck, CEO of Maryland-based Constellation Energy, last Tuesday told a gathering of investment professionals that he expects consolidation in the overall power industry to accelerate in the years ahead.
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NGSA Head Downplays Idea of LNG Imports Leading to Oil-Type ‘Cartel’
Joseph Blount, chairman of the Natural Gas Supply Association (NGSA), last Thursday downplayed concerns that growing imports of liquefied natural gas (LNG) in the United States could lead to the formation of a “cartel” similar to that seen in the global oil sector.
NGSA Head Downplays Idea of LNG Imports Leading to Oil-Type ‘Cartel’
Joseph Blount, chairman of the Natural Gas Supply Association (NGSA), on Thursday downplayed concerns that growing imports of liquefied natural gas (LNG) in the United States could lead to the formation of a “cartel” similar to that seen in the global oil sector.
Edison International Stakes Future on Utility’s Recovery; Downplays Merchant Sector
Indicative of industry-wide trends in the same direction, Rosemead, CA-based Edison International’s senior executives told financial analysts Tuesday that the energy holding company is staking its future on restoring its traditional utility operations to full financial health.
Exxon Mobil’s Raymond Downplays Alaska Pipe, Ups Merger Savings Forecast
Speaking at an analyst conference last week in Houston, Exxon Mobil Corp. Chairman Lee R. Raymond remained pessimistic about the development of a natural gas pipeline through Alaska. Backing the results of a preliminary study by Exxon Mobil, Phillips Petroleum Co. and BP Plc, the three largest lease holders along the North Slope, he said the future of an Alaskan pipeline still remains a long shot, due to the nature of natural gas volatility along with the overall cost of the enormous project.
Exxon Mobil’s Raymond Downplays Alaska Pipe, Ups Merger Savings Forecast
Speaking at an analyst conference Tuesday in Houston, Exxon Mobil Corp. Chairman Lee R. Raymond remained pessimistic about the development of a natural gas pipeline through Alaska. Backing the results of a preliminary study by Exxon Mobil, Phillips Petroleum Co. and BP Plc, the three largest lease holders along the North Slope, he said the future of an Alaskan pipeline still remains a long shot, due to the nature of natural gas volatility along with the overall cost of the enormous project.
Sempra Energy Downplays ‘Exposure’ from Enron Transactions
Signaling what may be a frequent question-and-answer in the industry in the near future, Sempra Energy’s CEO was hit Thursday with questions from financial analysts on the firm’s exposure to Enron Corp. in its future business dealings as part of a third-quarter earnings conference call.
Study Downplays Market Power in Western Price Run-up
Market power “is unlikely to be the dominant factor and may not even be significant” in the run-up of power prices in the California market, according to a study prepared by Harvard Professor William Hogan and Scott Harvey of LECG LLC, an economic and management consulting company based in Cambridge, MA.
Study Downplays Market Power in Western Price Run-up
Market power “is unlikely to be the dominant factor and may not even be significant” in the run-up of power prices in the California market, according to a study prepared by Harvard Professor William Hogan and Scott Harvey, with LECG, LLC, an economic and management consulting company based in Cambridge, MA.