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CPUC Chief Sees Restructuring as Sinking Ship

California’s top energy regulator thinks the momentum forrestructuring the state’s natural gas industry has lost most of itssteam. Responding to questions during a break at a statewide energyroundtable in San Diego Tuesday, Richard Bilas, president of theCalifornia Public Utilities Commission, said he is unsure whenregulators will be able to make recommendations to the statelegislature for further gas unbundling.

January 28, 2000

Prices Continue to Climb But at Slower Rates

The uphill run of the overall market was still going for themost part Wednesday, but at a considerably slower pace than the daybefore as several areas anticipated at least a brief reprieve fromsevere winter weather.

January 27, 2000

Northeast Fall Continues; Most Points Flat to Lower

The retreat of Northeast citygates from last week’s lofty levelswas still under way Monday, but the rate of decline was slowing.Otherwise, except for softening at Rockies and PacificNorthwest/western Canada points and moderate firmness at Midwestcitygates; flat to slightly lower pricing dominated the west of themarket.

January 25, 2000

Basis Down Again as Screen Rallies; Swing a Bit Softer

For the most part, late-December incremental prices continued todrift lower by small amounts Tuesday in quiet activity as tradersincreasing focused their attention on January business. Evenbidweek was still dragging, complained a Midcontinent producer;”there’s lot of talking, but few actual deals.”

December 29, 1999

El Paso Seeks Delay on Capacity-Allocation Plan

While most regulated companies have called a cease-fire at FERCduring the holidays, El Paso Natural Gas and its principaldetractors — Amoco Production and Burlington Resources Oil &Gas — are hard at work. For starters, the pipeline has asked theCommission to give it until February to submit a proposal forrevising its controversial capacity-allocation procedures.

December 29, 1999

Short of Influences, Market Decides to Stand Pat

Absent anything in the way of new influences from weather orfutures, most of the market went into a holding pattern Thursday.Mild softness permeated much of the general flatness as what wasconsidered a bullish storage injection report Wednesday afternoonfailed to provide support for cash prices. Northeast citygates fellabout a nickel, resuming their decline after a brief respite fromthe softness that had prevailed since the first of the month.

December 10, 1999

EPA Brings Lawsuits Against 32 Coal-Fired Utility Plants

As a result of one of the most extensive environmentalinvestigations ever, federal authorities last week filed a stringof lawsuits and other actions against 32 coal-fired utility plantsin the South and Midwest for allegedly failing to installpollution-control equipment when major facility upgrades were made.These actions, they said, contributed significantly to the higherlevels of nitrogen oxide (NOx), sulfur dioxide (SOx) andparticulate matter emissions over the years.

November 8, 1999

Softening Most Severe in the Midcontinent

While yesterday’s price weakness did not surprise many traders,the size of some of the declines exceeded expectations. Near recordhigh temperatures caused major drops in the Midcontinent, andforecasts of hot weather combined with a dropping futures screen toweaken the Northeast, Gulf Coast and western markets.

November 5, 1999

EPA Brings Lawsuits Against 32 Coal-Fired Utility Plants

In one of the most aggressive environmental enforcement actionsever, the federal government yesterday filed a series of lawsuitsagainst 32 coal-fired electric utility plants in the South andMidwest alleging that they made illegal modifications to theirfacilities, which resulted in increased nitrogen oxide (NOx) andsulfur dioxide (SOx) emissions over the years.

November 4, 1999

Flat Market Takes Breather; Citygates See Small Gains

Following the lead of an essentially flat screen during most ofthe cash trading period, the spot market leveled off Wednesday,with small upticks outweighing the few small declines. An Arcticcold front was moving eastward toward the Midwest and eventually tothe Northeast, making citygates tend to rise a bit more thanproduction-area points.

October 21, 1999