Particularly

Citing adverse regulatory decisions, particularly in Idaho, Spokane, WA-based Avista Corp. Thursday reported a third quarter loss of $9.8 million, or 20 cents/diluted share. The company revised its 2004 and 2005 earnings estimates upward, but the prospective gains were offset by the 20-cent/share impact of regulatory disallowances handed out in the third quarter.

Sources cited increasing heat levels, particularly in the Midwest and Northeast, as the primary reason for fairly sizeable price rallies Tuesday at a majority of points. Only California, which was under a double-OFO whammy, saw moderate softening, although its depressant effect on western markets in general resulted in flat quotes for San Juan Basin and a few Rockies points.

The stars are aligned for the exploration and production industry, particularly in the Rocky Mountain region, according to Stuart Wagner of Petrie Parkman and John Olson of Sanders Morris Harris. But Rockies gas production probably will fall short of expectations, because of the natural limits on the resource base and the continuing regulatory restrictions on growth.

The stars are aligned for the exploration and production industry, particularly in the Rocky Mountain region, according to Stuart Wagner of Petrie Parkman and John Olson of Sanders Morris Harris. Speaking at GasMart in Denver Tuesday, Olson told producers the next five years are probably going to be their best ever, with “vast” revenue forecasts coming in.

Standard & Poor’s Ratings Services announced Tuesday it is establishing new liquidity adequacy guidelines for U.S. energy merchants, which are particularly vulnerable to large and sudden liquidity demands related to collateral calls.

The frigid January weather that gripped the entire nation, particularly the Northeast, is “diminishing the likelihood” of cumulative heating costs for this heating season finishing below last winter’s high levels, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for February.

The frigid January weather that gripped the entire nation, particularly the Northeast, is “diminishing the likelihood” of cumulative heating costs for this heating season finishing below last winter’s high levels, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for February.

Although several major wildfires still raged Friday, particularly in the mountains east of Los Angeles and San Diego, the region’s natural gas infrastructure escaped virtually unaffected by California’s worst outbreak of fires in recent memory. Three major distribution networks and one intra-state backbone transmission system traverse the heavily gas-dependent Southern California area.

Rising temperatures, particularly in the Midwest and Midcontinent regions, gave an extra push Tuesday to the somewhat hesitant rally of the day before. The result was double-digit gains at almost every point Tuesday, with a majority of them surpassing 20 cents and a couple approaching 40 cents.