Pace

In a refreshing change of pace, Duke Energy’s Texas EasternTransmission Corp. (TETCO) asked FERC last week for a system-widerate reduction — yes, reduction — of about $137 millionannually for its interstate pipeline customers.

In a refreshing change of pace, Duke Energy’s Texas EasternTransmission Corp. (TETCO) asked FERC yesterday for a system-widerate reduction — yes, reduction — of about $137 millionannually for its interstate pipeline customers.

With total electricity sales likely to creep along at a snail’space of 1.2% growth each year over the next five years, picking theright market to set up shop could be the difference between lifeand death for many power marketers and utilities, according to apresentation made last week by Mark J. Bock, senior economist onelectric power from WEFA Inc.

With total electricity sales likely to creep along at a snail’space of 1.2% growth each year over the next five years, picking theright market to set up shop could be the difference between lifeand death for many power marketers and utilities, according to apresentation made last week by Mark J. Bock, senior economist onelectric power from WEFA Inc.

Nearly all prices continued to climb Tuesday but at a slowerpace than on the day before. Few points advanced more than a dime,San Juan Basin and the Southern California border were flat, andSumas prices into Northwest saw the rare decline of about a nickel.

Drilling has picked up to a frenzied pace as active natural gasrig numbers continue to skyrocket in the United States and Canada.Rotary rigs drilling int he United States soared by 20 last week toa new record of 736 active gas drilling rigs, according to BakerHughes’ Rig Count report. Currently there are 235 more domesticrigs actively drilling than at the same time last year.

Drilling has picked up to a frenzied pace as active natural gasrig numbers continue to skyrocket in the United States and Canada.Rotary rigs drilling int he United States soared by 20 last week toa new record of 736 active gas drilling rigs, according to BakerHughes’ Rig Count report. Currently there are 235 more domesticrigs actively drilling than at the same time last year.

With power projects cropping up faster than spring dandelions,an alarming disconnect has occurred between generation andtransmission in several regions of the U.S., according to PaulParshley, director of North American Electric Power for CambridgeEnergy Research Associates.

The uphill run of the overall market was still going for themost part Wednesday, but at a considerably slower pace than the daybefore as several areas anticipated at least a brief reprieve fromsevere winter weather.