Letting

Spikes in Northeast Lead Price Surge at All Points

With a siege of frigid weather in the East not only showing little sign of letting up soon, and even strengthening by New Year’s Day, and the South having returned to lows on either side of freezing over the weekend, multi-dollar spikes in the Northeast led an across-the-board advance by the spot market Monday.

December 29, 2009

Trilateral Report Calls on North America’s Policy Makers to Tackle Gas Issues

Because North America’s appetite for natural gas shows no signs of letting up anytime soon, policy makers need to take swift steps to deal with pipeline capacity constraints, liquefied natural gas (LNG) siting problems, production bottlenecks and gas storage concerns, says a new trilateral report by senior energy officials from the United States, Canada and Mexico.

February 28, 2005

Trilateral Report Calls on North America’s Policy Makers to Tackle Natgas Issues

Because North America’s appetite for natural gas shows no signs of letting up anytime soon, policy makers need to take swift steps to deal with pipeline capacity constraints, liquefied natural gas (LNG) siting problems, production bottlenecks and gas storage concerns, says a new trilateral report by senior energy officials from the United States, Canada and Mexico.

February 28, 2005

Power Generation Business Leads TransCanada Improvements in 2003

TransCanada PipeLines broke with tradition in letting its power business take the spotlight last year. The company said Tuesday that it raised its dividend by C2 cents/share to C29 cents and reported higher net income for the fourth quarter and the full year of 2003 mainly due to improvements made possible by its power plant acquisitions. Its full-year C$1.66/share earnings from continuing operations beat analysts estimates of C$1.59/share.

February 2, 2004

Power Generation Business Leads TransCanada Improvements in 2003

TransCanada PipeLines broke with tradition in letting its power business take the spotlight last year. The company said Tuesday that it raised its dividend by C2 cents/share to 29 cents and reported higher net income for the fourth quarter and the full year of 2003 mainly due to improvements made possible by its power plant acquisitions. Its full-year $1.66/share earnings from continuing operations beat analysts estimates of $1.59/share.

January 28, 2004

Transportation Notes

Pacific Gas & Electric and Sonat did not extend OFOs beyondTuesday, and MRT is letting its System Protection Warning expirethis morning.

November 22, 2000

CP&L Replaces Palmetto With New Project

Letting no grass grow under the feet of its newly-created Carolinas empire, Carolina Power and Light (CP&L) got a jump on competitors by shortening both the length and the lead-time of its proposed interstate Palmetto Pipeline project and turning it into an intrastate. The pricetag on the project drops from $175 million to $100 million and it will run 82 miles (instead of 175 miles) along the right-of-way of now-integrated North Carolina Natural Gas to a new power plant being developed by CP&L. It will require no federal or state certification.

December 20, 1999

Gas-Directed Drilling Continues to Hold 80% of the Total

The industry’s hunt for natural gas has gone way beyond thesearch for oil and shows no signs of letting up. Gas directeddrilling has held a solid 80% of all U.S. drilling by rotary rigssince mid-July. And last week the number of rotary rigs drillingfor gas leaped to 609 from 579 the week prior, while total rigsrose to 750 from 721, the largest weekly gain since Nov. 28, 1997,according to Baker Hughes. Oil-directed drilling declined duringthe week by one rig to 139.

October 25, 1999

Gas-Directed Drilling Continues To Hold 80% of the Total

The industry’s hunt for natural gas has gone way beyond thesearch for oil and shows no signs of letting up. Gas directeddrilling has held a solid 80% of all U.S. drilling by rotary rigssince mid-July. And last week the number of rotary rigs drillingfor gas leaped to 609 from 579 the week prior, while total rigsrose to 750 from 721, the largest weekly gain since Nov. 28, 1997,according to Baker Hughes. Oil-directed drilling declined duringthe week by one rig to 139.

October 25, 1999