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Fundamental Backing Scant for Large Price Upticks

Sharply higher numbers Tuesday in both the physical and futures markets left quite a few cash traders puzzled, since they were seeing precious little fundamental support for rising prices.

October 8, 2003

Poor Market Conditions Leave NV Town Out of Gas

Off the beaten path of western energy and commerce superhighways, Elko, NV, is being left in the dust by natural gas pipeline and power plant developers since the wholesale market and many of its major practitioners suffered the retrenchment of the past 18 months.

October 2, 2003

Isabel Turns Out Lights on Millions; Utilities Call Storm Historic

Hurricane Isabel left her calling card up and down the Mid-Atlantic and Southeastern parts of the U.S. on Thursday in the form of massive power outages, with 5.5 million businesses and homes estimated to have had their juice cut off as a result of the massive storm. Columbia Gas Transmission Corp. gave shippers advance notice Friday that it may have to call an operational flow order (OFO) because markets in southeastern Virginia were taking gas at abnormally low levels because of the power outages.

September 22, 2003

Isabel Wipes Out Power to Millions

Hurricane Isabel left her calling card up and down the Mid-Atlantic and Southeastern parts of the U.S. on Thursday in the form of massive power outages, with 5.5 million businesses and homes estimated to have had their juice cut off as a result of the massive storm. Columbia Gas Transmission Corp. gave shippers advance notice Friday that it may have to call an operational flow order (OFO) because markets in southeastern Virginia were taking gas at abnormally low levels because of the power outages.

September 22, 2003

Power Returns in U.S., Canada After Massive Outages

Large swaths of the U.S. and Canadian power grids were left staggering last week after a series of gargantuan and unprecedented power outages hammered the Northeast, the Great Lakes region and eastern Canada leaving millions of customers without power.

August 18, 2003

August Futures Climb 15.5 Cents on ‘Technical Bounce’

A 15.5-cent pop higher in August gas futures Monday left some analysts and brokers considering the possibility that the market has found a summertime bottom due to recent higher temperatures, expectations of smaller storage injections and the likelihood of Atlantic hurricanes. But most observers said they aren’t willing to write off the downtrend just yet. The August contract ended the day at $5.381.

July 8, 2003

Feinstein to Dust Off Bill for Expanded FERC, CFTC Oversight

Picking up from where she left off last year, Sen. Dianne Feinstein (D-CA) said she plans to introduce legislation this week to bolster the authority of federal regulators to detect and penalize companies that defraud and manipulate energy markets.

February 10, 2003

Feinstein to Dust Off Bill for Expanded FERC, CFTC Oversight

Picking up from where she left off last year, Sen. Dianne Feinstein (D-CA) said she plans to introduce legislation next week to bolster the authority of federal regulators to detect and penalize companies that defraud and manipulate energy markets.

February 7, 2003

Issuing Equity May Offer Positives for Debt-Laden Energy Merchants

Debt-laden and cash-poor energy merchants with few prized assets left to sell should consider selling stock — if they have access to the capital markets. The equity sales would only have a “neutral to mildly negative” effect for many companies, according to a new study.

January 13, 2003

After One-Day Hiatus, Bulls Return to Gas Futures Pit

Stemming the price slide that left the February contract down 41 cents Monday, natural gas futures rebounded Tuesday as traders were once again put in a buying mood by bullish weather outlooks.

January 8, 2003