Heard

Those fireworks you may have heard Thursday were Northeastcitygate prices doing their best skyrocket imitations. While therest of the cash market was considerably more mundane with pricesranging from flat to only a few cents higher, Transco’s Zone 6-NYCpool and Algonquin citygates in New England were making eye-poppingdollar-plus jumps.

Rocky Mountain gas producers heard encouraging news on the rolethey could play in helping the industry achieve a 30 Tcf market by2010. Several speakers at the Colorado Oil & Gas Association’sannual conference earlier this month in Denver delivered themessage that it’s largely up to the Rockies to make that kind ofmarket growth a reality.

Rocky Mountain gas producers heard encouraging news last week onthe role they could play in helping the industry achieve a 30 Tcfmarket by 2010. Several speakers at the Colorado Oil & GasAssociation’s annual conference last week in Denver delivered themessage that it’s largely up to the Rockies to make that kind ofmarket growth a reality.

Some traders were groaning with dismay Wednesday at the prospectof the March market being one of nearly all sideways pricemovement, much like the February one preceding it. All it takes isa look at the multitude of zeroes and ones in the change column ofDaily GPI’s price table today to understand where they might havegotten such an idea.

Oral arguments by the owner of the Sears Tower, and QST Energyagainst Commonwealth Edison (ComEd) were heard yesterday by theIllinois Commerce Commission (ICC). Tower Leasing and QST arefighting ComEd’s refusal to allow installation of a cogenerationsystem at the tower that would save tenants an estimated $2 millionor more a year in energy costs. So far, ComEd has refused to allowQST to acquire or lease Edison’s distribution system inside theSears Tower, a prerequisite to installing the cogeneration (seeNGI May 5, 1997).