Oldest

The biggest, oldest block of Canadian natural gas wound up in the hands of a household name in the West — and a major customer — when Cargill Ltd. took over the traditional “aggregator”-managed supply pools of Alberta and British Columbia from Mirant Corp. on Thursday (see Daily GPI, May 2).

An opening move has been made on bringing Canada’s oldest, biggest natural gas delivery service up to speed for the brisker trading patterns and pipeline competition that it sees as evolving rapidly.

An opening move has been made on bringing Canada’s oldest, biggest natural gas delivery service up to speed for the brisker trading patterns and pipeline competition that it sees as evolving rapidly.

The gas industry is about to get another Henry Hub futures contract. The Chicago-based Merchants’ Exchange, the nation’s oldest exchange founded in St. Louis in 1836, announced that it will list cash-settled futures contracts in Henry Hub natural gas, light sweet crude, Brent crude, European gas oil, New York Harbor unleaded gasoline and New York Harbor No.2 heating oil. All of the contracts were approved by the Commodity Futures Trading Commission on Jan. 25. Electronic futures trading is expected to commence during the first quarter.

The gas industry is about to get another Henry Hub futures contract. The Chicago-based Merchants’ Exchange, the nation’s oldest exchange founded in 1836, announced that it will list cash-settled futures contracts in Henry Hub natural gas, light sweet crude, Brent crude, European gas oil, New York Harbor unleaded gasoline and New York Harbor No.2 heating oil. All of the contracts were approved by the Commodity Futures Trading Commission on Jan. 25. Electronic futures trading is expected to commence during the first quarter.

Taking aim at what it called the state’s six “oldest and dirtiest” power plants, Massachusetts last week issued a sweeping set of new regulations that call for significant reductions of a whole host of pollutants being emitted by the plants. Significantly, the new standards also position Massachusetts as the only state in the nation to limit carbon dioxide (CO2) emissions.

Taking aim at what it called the state’s six “oldest and dirtiest” power plants, Massachusetts on Monday issued a sweeping set of new regulations that call for significant reductions of a whole host of pollutants being emitted by the plants. Significantly, the new standards also position Massachusetts as the only state in the nation to limit carbon dioxide (CO2) emissions.

In an attempt to go “above and beyond” federal regulations, sixof Massachusetts’ oldest — and dirtiest — power plants will beretrofitted or rebuilt and will switch to cleaner burning naturalgas after reaching a voluntary agreement last week with stateofficials. The six plants, owned by five companies, vowed to cuttheir emissions in half by 2003, a move that has followed growingpolitical and grassroots pressure throughout Massachusetts.

In an attempt to go “above and beyond” federal regulations, sixof Massachusetts’ oldest — and dirtiest — power plants will beretrofitted or rebuilt and will switch to cleaner burning naturalgas after reaching a voluntary agreement this week with stateofficials. The six plants, owned by five companies, vowed to cuttheir emissions in half by 2003, a move that has followed growingpolitical and grassroots pressure throughout Massachusetts.