Impact

While the energy market sailed on past foundering Enron with barely a ripple, that would not have been the case if the major marketer’s implosion had occurred a year earlier during a time of rising energy prices, the chairman of the Maine Public Utilities Commission told a congressional committee Wednesday.

Bruce Henning of Energy and Environmental Analysis Inc.(EEA) told a Senate committee last Thursday that while the financial failure of Enron Corp. caused some disruptions in the natural gas and electricity markets, the disruptions remained “relatively minor.”

Bruce Henning of Energy and Environmental Analysis Inc.(EEA) told a Senate committee Thursday that while the financial failure of Enron Corp. caused some disruptions in the natural gas and electricity markets, the disruptions remained “relatively minor.”

The impact of Enron’s tailspin on the energy industry has been more severe than expected, Merrill Lynch analyst Carl Kirst said in a research note reviewing the investor exodus from merchant energy stocks last week and the actions taken by El Paso, Calpine, NRG, Mirant and others to quell investor fears.

The impact of Enron’s tailspin on the energy industry has been more severe than expected, Merrill Lynch analyst Carl Kirst said in a research note reviewing the investor exodus from merchant energy stocks this week — prior to Wednesday’s small rebounds.

In a move that will have a significant impact on the natural gas market, the American Gas Association has decided to discontinue its weekly storage survey at the end of the year, citing the “labor intensive” nature of the project as a key factor in its decision.

In a move that will have a significant impact on the natural gas market, the American Gas Association has decided to discontinue its weekly storage survey at the end of the year, citing the “labor intensive” nature of the project as a key factor in its decision.

You probably don’t need a pocket calculator to determine that the market isn’t exactly ready right now for imported liquefied natural gas (LNG). But according to a new study by PIRA Energy Group, prices should average more than $3/MMBtu at the Henry Hub through 2015, creating an solid market over the long-term in the United States for a worldwide LNG supply that is expected to more than double over the next decade.

You probably don’t need a pocket calculator to determine that the market isn’t exactly ready right now for imported liquefied natural gas (LNG). But according to a new study by PIRA Energy Group, prices should average more than $3/MMBtu at the Henry Hub through 2015, creating an solid market over the long-term in the United States for a worldwide LNG supply that is expected to more than double over the next decade.