Jumps

GE Power Systems and Plug Power have signed a memorandum ofunderstanding to form “GE Fuel Cell Systems,” a joint venture thatwill sell, install and service Plug Power-designed and manufacturedfuel cell systems. The announcement last week follows Plug Power’srecent demonstration of a prototype residential fuel cell systemthat produces more than enough power to meet the energyrequirements of an average-sized home.

The overall cash market was flat to slightly higher Monday, withlarger increases tending to occur in the Southwest basins,Rockies/Pacific Northwest and California border. But by far thehighest-flying price point was intra-Alberta, where a NOVA ruptureSaturday (see Transportation Notes) was keeping up to 1 Bcf/d offthe market. Gas that had been trading in the low C$1.50s Saturdaymorning prior to the rupture was up to the C$2.10 area Monday, aCalgary source said.