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Futures Fall Despite ‘Neutral’ 190 Bcf Storage Draw

Natural gas market prognosticators hit the nail on the head Thursday morning as the Energy Information Administration’s (EIA) report that 190 Bcf had been withdrawn from underground storage for the week ending Feb. 12 came as no surprise. Even though the report was well forecast, March natural gas futures immediately dropped more than a dime and ended up finishing out the regular session at $5.172, down 21.4 cents from Wednesday’s close.

February 19, 2010

Futures Fall Despite ‘Neutral’ 190 Bcf Storage Draw

Natural gas market prognosticators hit the nail on the head Thursday morning as the Energy Information Administration’s (EIA) report that 190 Bcf had been withdrawn from underground storage for the week ending Feb. 12 came as no surprise. Even though the report was well forecast, March natural gas futures immediately dropped more than a dime and ended up finishing out the regular session at $5.172, down 21.4 cents from Wednesday’s close.

February 19, 2010

Allegheny Gets Crucial Set of Waiver Extensions From Lenders

Capping a nail-biting day for Allegheny Energy investors, the Maryland-based power company last Tuesday offered up good news for its shareholders. Allegheny said that based on substantial progress made in negotiations with lenders, two of its subsidiaries received extensions on waivers from bank lenders under their credit agreements through the end of this month.

January 20, 2003

Dominion Plans New $400M Pipe to NC

By springtime, the little old ladies and a few congressmen who have been fighting northeastern pipeline construction tooth and nail for the past few years may be screaming “where’s the gas” if prices spike to the levels expected.

October 3, 2000