In the midst of much uncertainty surrounding California’s powersituation, Duke Energy North America Monday reiterated itscommitment to the state’s struggling wholesale electricity market,announcing new bilateral power deals with Pacific Gas and ElectricCo. and progress with redevelopment plans at three coastal powerplant sites it is operating.
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CEI Responds to DPUC’s Merger Final Approval
The Connecticut Department of Public Utility Control (DPUC)followed much of what it included in its draft approval in giving itsfinal approval last week on Consolidated Edison’s (CEI) acquisition ofNortheast Utilities (NU), and just like the draft approval, neithercompany was happy with the department’s findings (see Daily GPI, Sept. 26).
Price Rises Likely to Get Steeper After Screen Explosion
Even with much of its cold weather support disappearing, thecash market still found cause for moderate bullishness Wednesday.But that’s expected to pale in comparison to the fireworks thatsources were predicting for today after the screen exploded withgains of more than 35 cents in both the November and Decembercontracts following AGA’s below-expectations storage report.
ConEd/NU Merger Conditions Unpopular With All Sides
The Connecticut Department of Public Utility Control finally passed down its much-delayed approval of Consolidated Edison’s (CEI) acquisition of Northeast Utilities (NU). The problem is, neither company, nor the state’s attorney general, is marking DPUC’s heavily conditional approval in the win column.
ConEd/NU Merger Conditions Unpopular
The Connecticut Department of Public Utility Control finallypassed down its much-delayed approval of Consolidated Edison’s(CEI) acquisition of Northeast Utilities (NU). The problem is,neither company, nor the state’s attorney general, is markingDPUC’s heavily conditional approval in the win column.
EIA Sees 40% Hike in Gas Bills
Natural gas bills for residential households this winter couldbe as much as 40% higher than the last winter heating season, withthe Midwest likely to feel the pinch the most, according to amarket overview presented by the Energy Information Administration(EIA) recently.
EIA Sees 40% Higher Gas Bills This Winter
Natural gas bills for residential households this winter couldbe as much as 40% higher than last heating season, with the Midwestlikely to feel the pinch the most, according to a market overviewpresented by the Energy Information Administration (EIA) last week.
EIA Extols Unconventional Gas Role in Market
Unconventional gas resources — coalbed methane, tight gassands and gas shale — could contribute as much as one quarter ormore to the 30 Tcf demand market that the natural gas industryexpects to materialize over the next two decades, according to anew paper released last week by the Energy InformationAdministration (EIA).
EIA Extols Unconventional Gas Role in Market
Unconventional gas resources — coalbed methane, tight gassands and gas shale — could contribute as much as one quarter ormore to the 30 Tcf demand market that the natural gas industryexpects to materialize over the next two decades, according to anew paper released by the Energy Information Administration (EIA).
CA Utilities Gear Up For Winter Gas Bill Hikes
With electricity price shock still very much on their minds,California’s three major investor-owned gas utilities are alreadygearing up for potential similar shock surrounding natural gasbills this winter as gas futures prices are hovering twice as highas they were a year ago. Wednesday natural gas futures hit anotherall-time high, topping $5.