A day after bucking the industry trend and raising its annual dividend to $1.84 from $1.80, Cinergy Corp. said last Wednesday that favorable weather conditions and strong power demand in its Indiana, Ohio and Kentucky service territories in 2002 will enable it to beat Wall Street consensus earnings estimates of $2.55/share by about 10 cents/share, excluding one-time charges. The Cincinnati-based utility company also said 2003 earnings would be in line with expectations.
Html
Articles from Html
DOE Gas Supply Analysis Sees Prices Continuing Lower
The Department of Energy (DOE) Friday released the final phase of a two-part analysis of the natural gas market in the U.S., which indicated that prices should continue to decline through next year and supplies are expected to increase. The study also “clearly shows that the natural gas difficulties of 2000 were not caused by a fundamental inadequacy in the marketplace, such as a serious limitation in stock levels, but by an increase in demand overlaid with a shortage of supply,” Secretary of Energy Spencer Abraham said.
December 17, 2001
DOE Gas Supply Analysis Sees Prices Continuing Lower
The Department of Energy (DOE) Friday released the final phase of a two-part analysis of the natural gas market in the U.S., which indicated that prices should continue to decline through next year and supplies are expected to increase. The study also “clearly shows that the natural gas difficulties of 2000 were not caused by a fundamental inadequacy in the marketplace, such as a serious limitation in stock levels, but by an increase in demand overlaid with a shortage of supply,” Secretary of Energy Spencer Abraham said.
December 17, 2001
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
