Duke Energy (DUK) is to acquire Progress Energy Inc. (PGN) in a $13.7 billion stock deal that would create the country’s largest utility, serving 7.1 million power customers in six regulated territories, the companies said Monday. While the majority of the combined company’s generation would be coal-fired, natural gas and oil units would account for more than one-third of owned generating capacity.
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Articles from Leverage
Greenspan: Global Trade Will Lower NatGas Prices; Oil Prices Uncertain
In coming years increased imports of liquefied natural gas (LNG) will leverage U.S. prices down to levels competitive with natural gas prices in Europe and Asia, which currently range from $2 to $5/MMBtu, compared to the $6/MMBtu level in the United States, Federal Reserve Chairman Alan Greenspan said Friday. While predicting the lower gas prices in a speech to the Economic Club of New York, the chairman made no promises for the oil market, where the higher prices are worldwide.
May 23, 2005
Greenspan: Global Trade Will Lower NatGas Prices; Oil Prices Uncertain
In coming years increased imports of liquefied natural gas (LNG) will leverage U.S. prices down to levels competitive with natural gas prices in Europe and Asia, which currently range from $2 to $5/MMBtu, compared to the $6/MMBtu level in the United States, Federal Reserve Chairman Alan Greenspan said Friday. While predicting the lower gas prices in a speech to the Economic Club of New York, the chairman made no promises for the oil market, where the higher prices are worldwide.
May 23, 2005
El Paso Merchant Power Collecting Cogens
El Paso Merchant Power has found a way to leverage itsregulatory expertise into a whole new business, buying up gas-firedcogeneration facilities across the country – and the power supplycontracts that go with them – to create “the lowest cost merchantpower plant portfolio being assembled in the industry.”
December 9, 1999
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