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Groups Call for Climate Bill to Stress Benefits of Gas in Generation

Three major natural gas trade groups called on the drafters of Senate energy and climate change legislation to recognize that using natural gas to generate electricity represents the “greatest opportunity” to cost effectively reduce heat-trapping greenhouse gas (GHG) emissions.

April 9, 2010

Lawmaker Says Offshore Windmills Bigger Threat than Platforms

The Obama administration’s belief that the East Coast has the potential to generate 1,000 GW of wind power would necessitate the installation of 300,000 windmills offshore, or 166 windmills per mile from Maine to Florida, and could pose more of a threat to the environment than offshore oil and natural gas drilling, said the ranking member of a House Natural Resources subcommittee last Wednesday.

September 14, 2009

Lawmaker Says Offshore Windmills Bigger Threat than Platforms

The Obama administration’s belief that the East Coast has the potential to generate 1,000 GW of wind power would necessitate the installation of 300,000 windmills offshore, or 166 windmills per mile from Maine to Florida, and could cause more of an environmental threat than offshore oil and natural gas drilling, said the ranking member of a House Natural Resources subcommittee Wednesday.

September 10, 2009

Small Increases Return in Most of Cash Market

As a Gulf Coast trader had predicted Thursday, the 22.5-cent spike by futures that day was able to generate modest firmness in most of the cash market Friday. The screen boost was abetted by increases in cooling load in Texas and the Midcontinent, while the weekend decline of industrial demand had minimal impact.

June 15, 2009

Study: LNG Better than Coal for Power Generation

Firing power plants with regasified liquefied natural gas (LNG) is a better bet for the environment than burning coal to generate electricity, even in advanced technology plants, according to a study commissioned by the Washington, DC-based Center for LNG. The findings contradict research released in 2007 by Pittsburgh, PA-based Carnegie Mellon University.

February 16, 2009

Study: LNG Beats Coal for Power Generation in Life Cycle Emissions

Firing power plants with regasified liquefied natural gas (LNG) is a better bet for the environment than burning coal to generate electricity, even in advanced technology plants, according to a study commissioned by the Washington, DC-based Center for LNG. The findings contradict research released in 2007 by Pittsburgh, PA-based Carnegie Mellon University.

February 11, 2009

Industry Briefs

Energen Corp. subsidiary Energen Resources sold its allowed $12.5 million Enron bankruptcy claim, which will generate net income in 2006 of $6.7 million, or 9 cents per diluted share. The parent company reaffirmed its 2006 earnings guidance range of $3.10-$3.30 per diluted share, noting that the Enron settlement is expected to place Energen’s 2006 earnings toward the middle of this range. Excluded from the earnings guidance is a significant fourth quarter gain from the previously announced sale of one-half of Energen Resources’ acreage position in Alabama shales. The Birmingham, AL-based company has 1.7 Tcfe of proved reserves in the San Juan, Permian and Black Warrior basins and in the North Louisiana/East Texas area.

December 5, 2006

PG&E Sees 7.5% Earnings Growth; Regulatory, Emission Success

Riding a $17.4 billion utility rate base, San Francisco-based PG&E Corp.’s transformation and investment plans are “on track” to generate average annual earnings-per-share growth of 7.5% over the next five years, according to PG&E’s CEO and CFO, who held a conference call for financial analysts Wednesday announcing flat first quarter results. A major 2007 general rate case and several emerging industry issues will have important impacts on the company’s ability to realize the growth now envisioned, the senior officials said.

May 5, 2006

Fitch: Strong Oil, Gas Prices Give Independents Opportunity to Upgrade Ratings

Robust oil and natural gas prices continue to generate significant free cash flow and strong credit protection metrics for upstream companies, providing independent producers the opportunity to focus on long-term balance sheet improvement and potentially achieve ratings upgrades, according to a report issued on Tuesday by Fitch Ratings.

August 16, 2004

Fitch: Strong Oil, Gas Prices Give Independents Opportunity to Upgrade Ratings

Robust oil and natural gas prices continue to generate significant free cash flow and strong credit protection metrics for upstream companies, providing independent producers the opportunity to focus on long-term balance sheet improvement and potentially achieve ratings upgrades, according to a report issued on Tuesday by Fitch Ratings.

August 11, 2004