Economic

Sempra Eyes Possible Acquisitions as Competitors Sell Assets

An economic reality of the energy sector’s ongoing woes is that companies with cash and creditworthiness will be buying the assets of troubled companies who have been forced to sell to restore their tattered balance sheets. San Diego-based Sempra Energy’s CEO said his company will be among the buyers.

July 29, 2002

Sempra Eyes Possible Acquisitions as Competitors Sell Assets

An economic reality of the energy sector’s ongoing woes is that companies with cash and creditworthiness will be buying the assets of troubled companies who have been forced to sell to restore their tattered balance sheets. San Diego-based Sempra Energy’s CEO said his company will be among the buyers.

July 25, 2002

Sempra Eyes Possible Acquisitions as Competitors Sell Assets

An economic reality of the energy sector’s ongoing woes is that companies with cash and creditworthiness will be buying the assets of troubled companies who have been forced to sell to restore their tattered balance sheets. San Diego-based Sempra Energy’s CEO said his company will be among the buyers.

July 25, 2002

Moody’s: Credit Downgrades Outpace Upgrades in 2nd Quarter

Although economic growth has resumed, the increase in corporate expenditures wasn’t great enough to stem the rising tide of credit-rating downgrades during the second quarter, said Moody’s Investors Service last week. In fact, it reported that credit-rating downgrades exceeded upgrades by a margin of 4.9-to-1 during the period, the highest ratio since the record 6.3-to-1 in the fourth quarter of 1990.

July 8, 2002

EIA Notes Rising Gas Prices; Oil Situation Uncertain; Cool Summer for Power

Rising oil prices, a relatively cooler March and April, an improving economic picture and a production decrease all contributed to higher than expected natural gas prices over the past few months, the Energy Information Administration (EIA) said in its monthly Short-Term Energy Outlook released last Monday.

May 13, 2002

Duke’s Priory Outlines Six Key Points to Restore Public Confidence

“The breach of trust is deep and wide,” Priory said in a speech to the Economic Club of Detroit. “Business today is suffering from a crisis in confidence. This is no wake up call; it’s a screeching red alert.” Shareholder confidence is at an all-time low, he said.

March 19, 2002

Power Supply ‘Tight’ on Long Island This Summer

Despite the economic downturn, electric demand on New York’s Long Island is still growing at an annual rate of 100 MW per year, and supply on the large, heavily populated island opposite Manhattan will remain tight this summer, according to Long Island Power Authority (LIPA) Chairman Richard M. Kessel.

March 18, 2002

Rigorous Standards Spelled Out for Mackenzie Pipeline

All the economic and political stars would have to be in alignment for even the relatively modest Canadian version of arctic natural gas development to make it into construction, says the senior partner.

March 11, 2002

EIA Sees Rosy Northeast Gas Picture, but Energy Execs Have Misgivings

Despite forecasts of slower regional economic and population growth, the Northeast is expected to consume one-third more natural gas over the next 20 years just to fuel the string of power generation facilities that are planned for the region, an official with the Energy Information Administration (EIA) said last Thursday.

February 4, 2002

EIA Sees Rosy Northeast Gas Picture, but Energy Execs Have Misgivings

Despite forecasts of slower regional economic and population growth, the Northeast is expected to consume one-third more natural gas over the next 20 years just to fuel the string of power generation facilities that are being constructed in the region, an official with the Energy Information Administration (EIA) said Thursday.

February 1, 2002