November

FERC has granted a joint motion by Pepco Energy Services Inc. (PES) and Columbia Gas Transmission to dismiss a complaint in which Pepco had alleged that a November capacity auction conducted by the pipeline was flawed and ultimately led to the rejection of valid bids and capacity being awarded to another shipper.

FERC Friday granted a joint motion by Pepco Energy Services Inc. (PES) and Columbia Gas Transmission to dismiss a complaint in which Pepco had alleged that a November capacity auction conducted by the pipeline was flawed and ultimately led to the rejection of valid bids and capacity being awarded to another shipper.

Following the success of its popular initial public offering in November, it appears that Nymex Holdings, which operates the 135-year-old New York Mercantile Exchange, is going after a second bite of the apple. On Friday the company filed with the Securities and Exchange Commission an automatic shelf registration statement for a potential secondary offering of shares of common stock.

Following the success of its popular initial public offering in November, it appears that Nymex Holdings, which operates the 135-year-old New York Mercantile Exchange, is going after a second bite of the apple. On Friday the company filed with the Securities and Exchange Commission an automatic shelf registration statement for a potential secondary offering of shares of common stock.

FERC last Tuesday denied a complaint in which Pepco Energy Services Inc. (PES) alleged that a November capacity auction conducted by Columbia Gas Transmission was flawed and ultimately led to the rejection of valid bids made by Pepco and capacity being awarded to another shipper.

FERC has denied a complaint in which Pepco Energy Services Inc. (PES) alleged that a November capacity auction conducted by Columbia Gas Transmission was flawed and ultimately led to the rejection of valid bids made by Pepco and capacity being awarded to another shipper.

The Canadian Association of Oilwell Drilling Contractors (CAODC) last week reported 1,523 natural gas well completions in December, 9% fewer (152) than in November — yet another indication that Canada’s gas exports to the United States will fall this year, analysts said last week.

Columbia Gas Transmission Corp. has disputed allegations made by Pepco Energy Services Inc. (PES) earlier this month that a November capacity auction conducted by the pipeline was faulty and ultimately led to the rejection of valid bids submitted by PES and the sought-after capacity being awarded to another shipper.

The Energy Information Administration (EIA) in its Short-Term Energy Outlook for November has raised its projections for average spot natural gas prices this year and next now that the winter heating season has officially gotten under way and industry has begun to draw down the bulging storage levels that have helped to depress prices over the past couple of months.