Lacking

Cash market prices overall tumbled just above 8 cents Wednesday as traders noted a market lacking bids. An outage lifted Florida Gas Transmission into the plus column, but Gulf, West Coast, and Rockies points all slid close to a dime.

For a market lacking weather-based load for the most part, no significant tropical storm activity, a prior-day futures loss of 10.4 cents and another big addition to already-abundant storage inventories anticipated, it seems that softness would be paramount. But prices still mostly saw small increases anyway.

TransCanada Corp.’s management team is looking to the North for long-term opportunities in North America, CEO Hal Kvisle told financial analysts Tuesday.

TransCanada Corp.’s management team is looking to the North for long-term opportunities in North America, CEO Hal Kvisle told financial analysts Tuesday.

Lacking a voluntary solution by all the state’s major investor-owned utilities (IOU), the California Public Utilities Commission (CPUC) last Thursday ordered interim actions by the IOUs to address the mushrooming problem of energy utility service disconnections, along with opening a statewide proceeding on the festering issue. After obtaining stakeholder feedback and ideas in the weeks and months ahead, the CPUC said it intends to act on a final order in June.

Lacking a voluntary solution by all the state’s major investor-owned utilities (IOU), the California Public Utilities Commission (CPUC) Thursday ordered interim actions by the IOUs to address the mushrooming problem of energy utility service disconnections, along with opening a statewide proceeding on the festering issue. After obtaining stakeholder feedback and ideas in the weeks and months ahead, the CPUC said it intends to act on a final order in June.

Lacking a voluntary solution by all the state’s major investor-owned utilities (IOU), the California Public Utilities Commission (CPUC) Thursday ordered interim actions by the IOUs to address the mushrooming problem of energy utility service disconnections, along with opening a statewide proceeding on the festering issue. After obtaining stakeholder feedback and ideas in the weeks and months ahead, the CPUC said it intends to act on a final order in June.

Lacking the punch that Monday’s 32.8-cent increase provided, July natural gas futures on Tuesday failed to back off much, keeping the $7.43 contract high from last Wednesday still firmly within reach.

While most utilities, regulators, marketing companies and consumers agree that hedging is an effective tool that utility companies should use in managing commodity price risk, most also say the current regulatory process is inadequate to enable utilities to effectively deal with the price problems that exist today, according to a survey by Calgary-based consulting firm RiskAdvisory, a unit of SAS.