Hanging

As the U.S. Congress went into the night with what could be its final, and very lengthy, session for the year, there was still a chance the pipeline safety legislation, the only remaining piece of the once comprehensive energy bill, might squeak through attached to another measure. As of press time late Wednesday it was still a possibility.

The current “trough” hanging over the power sector is likely to stretch three to five years and a key factor in determining just how long the industry will be stuck in its current funk will depend, at least in part, on how many forecasted gigawatts actually come online over the next couple of years, said Thomas Boren, executive vice president at PG&E National Energy Group (NEG).

With Peachtree’s 170,000 customers hanging in the balance, anAtlanta, GA, bankruptcy court deferred a ruling on the strugglingmarketer’s attempted customer sale until today. According tosources close to the situation, the delay was caused by ScanaEnergy Marketing, which asked for more time so that it could file abid for Peachtree’s customers.