Based on current operating conditions and future prices for coal and natural gas, CONSOL Energy CEO J. Brett Harvey told investors Thursday at the Friedman Billings Ramsey 8th Annual Investor Conference in Washington, DC, that he expects the company to earn about 2 cents/share below Wall Street estimates of $0.52/share for the six-month transition period ending Dec. 31.
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Attempt to Block Tennessee Expansion Evokes Debate
What appeared to be a routine stay request by a neighborhood group in Pennsylvania of orders approving a Tennessee Pipeline expansion evoked an unusual debate among FERC commissioners last week over their responsibility to address pipeline safety issues.
Attempt to Block Tennessee Expansion Evokes Debate
What appeared to be a routine stay request by a neighborhood group in Pennsylvania of orders approving a Tennessee Pipeline expansion evoked an unusual debate among FERC commissioners last week over their responsibility to address pipeline safety issues.
Energy East Pushes for Merged Northeast ISOs
Energy East Corp., which continues to favor consolidating the New York, New England and Pennsylvania-New Jersey-Maryland independent system operators (ISOs), recently offered a blueprint of ways to improve an ongoing process under which the Northeast ISOs are looking to enhance regional reliability.
Energy East Pushes for Merged Northeast ISOs
Energy East Corp., which continues to favor consolidating the New York, New England and Pennsylvania-New Jersey-Maryland independent system operators (ISOs), recently offered a blueprint of ways to improve an ongoing process under which the Northeast ISOs are looking to enhance regional reliability.
PA PUC Approves Conditional PGW Rate Hike
The Pennsylvania Public Utility Commission (PUC) announced ithas approved a settlement with the Philadelphia Gas Works (PGW)that preserves its authority to oversee the selection of anexperienced independent manager to run the utility. In exchange,the cash-strapped utility will be allowed to collect a previouslyauthorized interim base rate hike of $11 million.
PA PUC Approves Conditional PGW Rate Hike
The Pennsylvania Public Utility Commission (PUC) late last weekannounced it has approved a settlement with the Philadelphia GasWorks (PGW) that preserves its authority to oversee the selectionof an experienced independent manager to run the utility. Inexchange, the cash-strapped utility will be allowed to collect apreviously authorized interim base rate hike of $11 million.
PA PUC Approves Equitable Settlement
The Pennsylvania Public Utility Commission has approved atentative settlement agreement with Equitable Gas Co. following anexplosion in September 1998 that killed one person. The explosionoccurred after an Equitable employee failed to accurately mark agas line to a home for repair by Duquesne Light Co. Duquesne Lightthen damaged the line, which caused the explosion in McKeesport,PA.
Manufacturers Add Nat Gas Surcharge
A New Jersey specialty chemical company and two Pennsylvaniasteel companies have announced they will be adding a natural gassurcharge that tracks NYMEX onto the sale price of their productsto reflect the increased cost of fueling the manufacturing process.
PPL Corp. Goes West in A Big Way
Pennsylvania-based PPL Corp. has recently taken on a “Go West”theme, as evidenced by its plans to build 1,800 MW of newelectricity generation on the left coast at an estimateddevelopment cost of $900 million.