Local

Natural gas futures reversed direction again on Wednesday — this time to the upside — on short covering by local traders ahead of Thursday’s release of fresh storage data. With Wednesday’s 6-cent advance, the July futures contract remained unable to register a back-to-back daily increase or decline for more than a week. It closed at $5.757, close to the middle of its recent $5.46-6.12 trading range.

The “faith and trust” in the commercial reporting of the local cash price for natural gas has collapsed, according to Industrial Energy Consumers of America (IECA), whose members have suffered from the recent high gas prices.

The “faith and trust” in the commercial reporting of the local cash price for natural gas has collapsed, according to Industrial Energy Consumers of America (IECA), whose members have suffered from the recent high gas prices.

The next natural gas production project offshore of Nova Scotia has been postponed for at least a year, due to uncertainty over reserves and markets that is also likely to delay expansion by Maritimes & Northeast Pipeline (M&NP).

Stating that the local distribution company (LDC) story from the buyer’s perspective is one of “growth and more growth,” Nick Stavropoulos, president of KeySpan Energy Delivery New England, said that at the end of the day, LDCs will “remain the key link” to the natural gas customer, ensuring reliable gas service.

Stating that the local distribution company (LDC) story from the buyer’s perspective is one of “growth and more growth,” Nick Stavropoulos, president of KeySpan Energy Delivery New England, said that at the end of the day, LDCs will “remain the key link” to the natural gas customer, ensuring reliable gas service.

The extended arctic cold blast has put a strain on natural gas and electricity local distribution companies (LDC) across the eastern third of the United States as consumers crank up their heat to counteract single-digit temperatures in many locations. Many LDCs are taking precautions as old records are broken for gas sendout and winter power demand.

Consulting firm R.J. Rudden Associates Inc. is conducting a survey of local distribution companies (LDCs) to determine the impact on their business of the demise of large marketing companies since the Enron bankruptcy.

Midwestern local distribution companies (LDCs) are looking at far fewer suppliers and treading cautiously in the new wholesale market without the large marketers they had relied on in the past.