In an effort to further pave the way for their merger, AGL Resources and NUI Corp. said on Tuesday they reached a settlement agreement with Green Meadows Partners LLP regarding a shareholder class action lawsuit filed by Green Meadows against NUI, its board and AGL last month.
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AGL, NUI Settle Class Action Lawsuit, Agree to Merger Disclosures
In an effort to further pave the way for their merger, AGL Resources and NUI Corp. said on Tuesday they reached a settlement agreement with Green Meadows Partners LLP regarding a shareholder class action lawsuit filed by Green Meadows against NUI, its board and AGL last month.
Murkowski Signs Bill to Pave Way for Alaska Gas Pipeline Negotiations
Alaska Gov. Frank H. Murkowski signed into law last week a renewal of Alaska’s Stranded Gas Act, HB 16, which authorizes the state to enter into negotiations with industry on the cost and terms of a natural gas pipeline project to move North Slope gas to markets in the Lower 48 states. Murkowski said the legislation is an important step toward getting the pipeline process moving on a faster track.
Murkowski Signs Bill to Pave Way for Alaska Gas Pipeline Negotiations
Alaska Gov. Frank H. Murkowski, former chairman of the Senate Energy and Natural Resources Committee, signed into law Monday a renewal of Alaska’s Stranded Gas Act, HB 16, which authorizes the state to enter into negotiations with industry on the cost and terms of a natural gas pipeline project to move North Slope gas to markets in the Lower 48 states. Murkowski said the legislation is an important step toward getting the pipeline process moving on a faster track.
Weather, Technicals Pave the Way for Nymex Rally
Amid a steady and seemingly limitless stream of commercial buying, natural gas futures rallied for the second-straight session Monday, as traders priced in the first forecasts for hot weather in the eastern U.S. Breaking through several important technical levels to notch its daily high just moments before the closing bell, the July contract finished 25.7 cents higher at $4.179.
Storage and Technicals Pave Way for Futures Declines
Spurred by a negative short-term technical outlook and coming onthe heels of bearish storage data, natural gas futures retracedlower Wednesday as traders took back gains notched during Tuesday’sprice rally. At the closing bell, April was off 24.6 cents tofinish at $5.041, 2.2 cents below Monday’s close.
Florida Panel Backs Merchant Plant Development
A special commission formed by Florida Gov. Jeb Bush isrecommending the state break up its monopoly utilities and pave theway for competition in the power generation market by doing awaywith certain laws and amending others.
Florida Panel Backs Merchant Plant Development
A special commission formed by Florida Gov. Jeb Bush isrecommending the state break up its monopoly utilities and pave theway for competition in the power generation market by doing awaywith certain laws and amending others.
Cash, Technicals Pave Way for Futures Gains
Buoyed by cool weather in the Northeast, bullish techincals andsupportive cash market prices, natural gas futures rumbled higheryesterday as traders bid up prices in an opening bell buyingfrenzy. After gapping higher at the open, the May contract spikedto a new life-of-contract high during the first hour of trading.From that point the buying waned and prices were left to chopsideways for the remainder of the session. May finished up 8 centsat $3.158.
CMS CEO Voices Support for MI Deregulation
William McCormick, CEO of CMS Energy called for the Michiganlegislature to pave the way for added electric generation and fullcompetition in the state. He presented his comments to a group ofpeople at the Midland Cogeneration Venture (MCV) 10th yearanniversary ceremonies yesterday.