Otherwise

Southern heat levels were expected to remain static or rise slightly in some sections into the low to mid 90s Thursday, but otherwise, except the desert Southwest and the Denver area of the Rockies, few other locations were expected to get above the 80s. Thus cash prices had to rely primarily on a prior-day increase of 6.3 cents by August futures, and possibly expectations of a moderately bullish storage report Thursday, in ranging from flat to nearly 15 cents higher at a majority of points.

Marginal increases in temperature forecasts in several regions kept prices rising at nearly all points Tuesday. Otherwise, fundamentals such as slight prior-day futures weakness and the lack of any Atlantic tropical activity argued against any continued market firmness.

Senate Majority Leader Harry Reid (D-NV) stripped all of the tax extenders — energy and otherwise — from a pending jobs package only hours after Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Charles Grassley (R-IA) unveiled a bipartisan bill Thursday.

Senate Majority Leader Harry Reid (D-NV) stripped all of the tax extenders — energy and otherwise — from a pending jobs package only hours after Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Charles Grassley (R-IA) unveiled a bipartisan bill Thursday.

Senate Majority Leader Harry Reid (D-NV) stripped all of the tax extenders — energy and otherwise — from a pending jobs package only hours after Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Charles Grassley (R-IA) unveiled a bipartisan bill Thursday.

The House climate change bill (HR 2454) would reduce gross domestic product (GDP) below what it would otherwise have been by as much as 0.75% in 2020 and by as much as 3.5% in 2050, according to a new Congressional Budget Office (CBO) study.

The House climate change bill (HR 2454) would reduce gross domestic product (GDP) below what it would otherwise have been by as much as 0.75% in 2020 and by as much as 3.5% in 2050, according to a new Congressional Budget Office (CBO) study.

While otherwise positive toward a utility bond sale, Standard & Poor’s Ratings Services on Friday reiterated its distaste for Sempra Energy’s purchase last year of EnergySouth for its storage plays in the Gulf of Mexico region. It assigned a negative outlook to Sempra utility San Diego Gas and Electric Co.’s (SDG&E) “A+” rated sale of $176.26 million industrial development revenue refunding bonds as fixed-rate instruments to refund bonds sold five years ago.

A pipeline rivalry has added a practical dimension to an otherwise legalistic Canadian regulatory case about a proposed historic transfer of jurisdiction over Alberta’s Nova natural gas gathering network to the National Energy Board (NEB).