Embraced

Natural gas groups have embraced the Department of Energy’s (DOE) decision to measure the energy use and greenhouse gas (GHG) emissions of energy products, such as natural gas, electricity, oil and coal, from the time they are extracted or generated to the point of end-use consumption.

Sen. Lisa Murkowski (R-AK), a proponent of drilling off the Alaska coast, Friday embraced the Environmental Protection Agency’s (EPA) decision to release draft air quality permits for Shell Oil to drill exploratory wells in Alaska’s Arctic waters.

Sen. Lisa Murkowski (R-AK), a proponent of drilling off the Alaska coast, on Friday embraced the Environmental Protection Agency’s (EPA) decision to release draft air quality permits for Shell Oil to drill exploratory wells in Alaska’s Arctic waters.

Big (or bigger, at least) and mostly regulated is one utility strategy, a fairly popular one that has been embraced by a number of players, including WPS Resources Corp.

Big (or bigger, at least) and mostly regulated is one utility strategy, a fairly popular one that has been embraced by a number of players, including WPS Resources Corp.

Massachusetts’ Eastern Enterprises clearly has embraced theconcept of consolidation and is doing deals to prove it. Fresh fromits acquisition of Essex County Gas, the Boston Gas parent lastweek said it will buy nearby Colonial Gas Co. for nearly half abillion in stock, cash, and assumed debt. The deal grants a 27%premium to Colonial’s closing price preceding the deal’sannouncement.

The futures market again came under selling pressure onWednesday as traders embraced the possibility Hurricane Georgeswould not be a threat to natural gas concerns in the Gulf ofMexico. The October contract was able to post an optimistic open at$2.23 before profit taking led the contract to settle at $2.131, a5.5 cent loss for the day.