Fuel

“Although we have some exposure to commodity prices, we believe we have the opportunity to achieve the upper end of the range by continuing our track record of growth and cost containment, while also prudently managing our risk,” said CEO Robert Catell.

TXU and Kinder Morgan Inc. (KMI) subsidiaries have been selected by FPL Energy LLC to fuel its gas-fired power plant near Forney, TX that is scheduled for commercial operation in mid-2003. Both TXU and Kinder Morgan subsidiaries will construct lines that connect to existing facilities. A KMI subsidiary also obtained a long-term contract with FPL to transport gas to a new facility.

BP released its “Statistical Review of World Energy 2001” yesterday showing natural gas once again as the fastest growing fuel in 2000, with global consumption rising by 4.8% — the highest rate since 1996. However, the review also included for the first time a “Statistical Review of U.S. Energy.” For the U.S., BP notes, last year was a period when energy markets were characterized by high prices, low inventories, increased capacity utilization, and increased dependence on net energy imports. U.S. energy consumption growth in 2000, at 2.3%, was somewhat above the 10-year average of 1.8%, but well above the rate of growth in production, at 0.5%.

Despite its steep rise in price over the past year, the AmericanGas Association said last week that natural gas still will costless to use this year than any other major home energy source,based on information from the U.S. Department of Energy’s Office ofEnergy Efficiency and Renewable Energy. Nearly 61% of U.S. homes,about 58 million, have natural gas service.

Despite its steep rise in price over the past year, the AmericanGas Association said last week that natural gas still will costless to use this year than any other major home energy source,based on information from the U.S. Department of Energy’s Office ofEnergy Efficiency and Renewable Energy. Nearly 61% of U.S. homes,about 58 million, have natural gas service.

Despite its steep rise in price over the past year, the AmericanGas Association said last week that natural gas still will costless to use this year than any other major home energy source,based on information from the U.S. Department of Energy’s Office ofEnergy Efficiency and Renewable Energy. Nearly 61% of U.S. homes,about 58 million, have natural gas service.

Every region of the United States this year “will likely beshort generating capacity,” which will drive margins and fuelprofits higher for generators, according to a report by DeutscheBanc Alex. Brown energy analyst Jay Dobson.

Due to warm winter weather in certain regions last month,increased fuel switching and industrial slowdowns, the countryconsumed 140 Bcf less natural gas than was anticipated in January,which led to much lower spot gas prices towards the end of themonth, according to the Energy Information Administration’s (EIA)Short-term Energy Outlook for February.

Due to warm winter weather in certain regions last month,increased fuel switching and industrial slowdowns, the countryconsumed 140 Bcf less natural gas than was anticipated in January,which led to much lower spot gas prices towards the end of themonth, according to the Energy Information Administration’s (EIA)Short-term Energy Outlook for February.