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Bankrupt PG&E NEG Again Postpones Plant Transfers

In another indication that the energy industry’s growing number of distressed assets aren’t easy to move, PG&E Corp.’s bankrupt National Energy Group (NEG) announced Wednesday that it again is postponing the shift of six power plants to groups of lenders led by French and U.S. banks.

October 6, 2003

Bankrupt PG&E NEG Again Postpones Plant Transfers

As another indication that the energy industry’s growing number of distressed assets aren’t easy to move, PG&E Corp.’s bankrupt National Energy Group (NEG) announced Wednesday that it again is postponing the shift of six power plants to groups of lenders led by French and U.S. banks.

October 2, 2003

PG&E Gets Favorable Court Ruling on Ringfencing Issue

At a time when good news is not always easy to find, San Francisco-based PG&E Corp. late Thursday received belated word of a favorable ruling from a federal appeals court judge in its headquarters city, rejecting a suit from the California Attorney General’s Office related to keeping separate from its utility’s Chapter 11 bankruptcy the assets of the corporation and its other, non-utility companies.

May 19, 2003

Encana Reports New Elephant Gas Field in B.C.

While most agree the easy supply growth is over in Canada, the country’s top natural gas producer is showing it still pays to venture into the difficult parts of the western provinces.

March 31, 2003

Encana Reports New Elephant Gas Field in BC

While all most agree the easy supply growth is over, Canada’s top natural gas producer is showing it still pays to venture into the difficult parts of the western provinces.

March 31, 2003

U.S. E&P Costs Move Higher in ’02 as Easy Prospects Disappear

Despite lower drilling activity levels and service costs in 2002, exploration and production (E&P) costs rose for the third straight year, mostly because of the lack of easily exploitable prospects, CreditSights analysts reported.

March 3, 2003

Bullish Factors Align, Make It Easy for Traders to Propel Futures Past $6.00

What a difference a week can make. Weighed down by forecasts for moderating temperatures and technical selling, the futures market ended the month of January on a negative note, with many traders sensing that the seasonal top was already in place. Cut to Friday, however, and the trading landscape had completely changed. Weather forecasts were calling for another wave of below normal temperatures, crude oil and its related products were testing new highs and natural gas was looking back over its shoulder at the $6.00 mark, believed unobtainable just a week before.

February 10, 2003

Prospects and Price Shocks Cloud Gas Production Horizon

A lack of cheap, easy drilling prospects, a succession of price shocks and industry consolidation are some of the main factors behind the downturn of natural gas production in North America, according to financial analyst Irene Haas.

January 27, 2003

Prospects and Price Shocks Cloud Gas Production Horizon

A lack of cheap, easy drilling prospects, a succession of price shocks and industry consolidation are some of the main factors behind the downturn of natural gas production in North America, according to financial analyst Irene Haas.

January 27, 2003

Putting Storage Levels in Perspective is No Easy Task

There is a growing consensus among market observers that working gas levels in storage could fall sharply this winter possibly to near historic lows by April, but several veteran industry analysts warn against crying “the sky is falling” too soon. They say the current amount of working gas in storage appears adequate to handle this winter’s demand, particularly when compared to average storage levels in the mid-1990s.

January 13, 2003