The gas bulls are firmly entrenched at the St. Petersburg, FLoffices of Raymond James & Associates. The group put out areport last week projecting either the loss of 5 Bcf/d of gasdemand this winter due to soaring gas prices or an “impossible”negative balance of working gas in storage at the end of the winterheating season, given normal temperatures this winter.
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Could Raymond James Be More Bullish? Not Likely
The gas bulls are firmly entrenched at the St. Petersburg, FLoffices of Raymond James & Associates. The group put out areport this week projecting either the loss of 5 Bcf/d of gasdemand this winter due to soaring gas prices or an “impossible”negative balance of working gas in storage at the end of the winterheating season, given normal temperatures this winter.
Shareholders Favor FPC, CP&L Merger
With 96% voting in favor, Florida Progress Corp. (FPC) shareholdersin St. Petersburg, FL yesterday approved the acquisition of theircompany by CP&L Energy, following the lead of CP&L’sshareholders who had given their approval on Wednesday (see Daily GPI,Aug. 17).