After noting that state regulators are in office to carry out the will of state lawmakers, Susan Kennedy was quickly cleared by the Senate Rules Committee last week for confirmation as the new commissioner at the California Public Utilities Commission.
Noting
Articles from Noting
Raymond James Labels Tight Gas Market ‘Chronic,’ Not Quickly Cured
Noting that some participants in the energy sector might consider his group to be the “perpetual natural gas bulls,” Raymond James & Assoc. analyst Marshall Adkins said the market has proven that “we have, in fact, been overly bearish.” Citing the summer gas storage re-fill problem, Adkins said that Raymond James is once again upping its 2003 gas price forecast from $5/Mcf to $6/Mcf.
Raymond James Labels Tight Gas Market ‘Chronic,’ Not Quickly Cured
Noting that some participants in the energy sector might consider his group to be the “perpetual natural gas bulls,” Raymond James & Assoc. analyst Marshall Adkins said the market has once again proven that “we have, in fact, been overly bearish.” Citing the summer gas storage re-fill problem, Adkins said that Raymond James is once again upping its 2003 gas price forecast from $5/Mcf to $6/Mcf.
Anadarko Exec Says E&P Industry Needs Better Domestic Access
Noting that domestic natural gas supplies are “critical” to national security, Anadarko Petroleum Corp. CEO John Seitz said the U.S. oil and gas industry stands in a position where it could increase supply if it were provided with “better access” to U.S. lands where E&Ps can explore.
Anadarko Exec Says E&P Industry Needs Better Domestic Access
Noting that domestic natural gas supplies are “critical” to national security, Anadarko Petroleum Corp. CEO John Seitz said the U.S. oil and gas industry stands in a position where it could increase supply if it were provided with “better access” to U.S. lands where E&Ps can explore.”
ChevronTexaco’s O’Reilly Urges Unified Energy Effort at Restoring Image
Noting that the challenged oil and natural gas industry currently has a “weak reputation,” ChevronTexaco CEO David J. O’Reilly said the key to restoring confidence is through improved communications, performance and behavior.
Chev-Tx’s O’Reilly Urges Unified Energy Effort at Restoring Image
Noting that the challenged oil and natural gas industry currently has a “weak reputation,” ChevronTexaco CEO David J. O’Reilly said the key to restoring confidence is through improved communications, performance and behavior.
Transportation Notes
Florida Gas Transmission initiated a new Overage Alert Day notice Thursday with 15% tolerance for negative daily imbalances. Noting that forecasts for its market area indicated below freezing temperatures from the Panhandle to central Florida through Friday, FGT said it expects to tighten the tolerance for Friday’s gas day to 5% or lower. An update will be posted around 8 a.m. EST Friday, the pipeline said.
Morgan Stanley Cuts Earnings Estimates for 11 Utilities
Morgan Stanley analysts on Tuesday cut their earnings estimates for 11 North American electric utilities, noting the “dilution from recent equity deals and weakness in trading and merchant power.” Allegheny Energy’s estimated earnings dropped the most, with analysts cutting the company’s expected earnings through 2002 17%, to $2.90 from $3.50.
Moody’s Expanding Research, Analysis with Specialist Teams
Noting the “growing relevance and importance to investors and lenders,” Moody’s Investors Service announced Thursday it will expand its research and analysis in several areas of corporate credit analysis. The credit ratings service said it would apply “greater analytical focus and commit additional resources to its analysis and published research on the quality of financial accounting and the transparency of corporate disclosure, corporate governance issues, and risk management and derivatives issues related to credit.”