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NY PUC Approves Generating Unit Sales

Consolidated Edison Co. of New York will collect $1.1 billionand Niagara Mohawk Power Corp. will pick up $355 million on salesof several fossil-fueled generating plants, approved Thursday bythe New York State Public Service Commission.

June 4, 1999

Castle Acquiring Gas Reserves

Castle Energy Corp. of Radnor, PA, will pick up about 27.5 Bcfeof proved reserves, about 55% gas, when it completes the purchaseof essentially all of AmBrit’s oil and gas properties for about $22million.

April 14, 1999

Futures Have No Option in Trending Higher

Feeding off strength from Wednesday’s minor advance, the futuresmarket seemed to pick up momentum yesterday. A stronger open gainedapproval from eager bulls, who bid the contract steadily upwardThursday morning. Then after an early afternoon sell-off wasthwarted, prices again pressed higher, but this time buying camefrom all market segments as locals, trade, and paper players joinedthe rally. The April contract finished up 7.6 cents at $1.835.

March 26, 1999

Washington Lawyer Eyed To Lead Producer Group

Washington attorney Katherine B. Edwards is among the candidatesbeing eyed by the Natural Gas Supply Association (NGSA) to succeedformer President Nicholas J. Bush, who departed the trade grouplast month amid allegations that he defrauded it of more than $2.4million, sources say.

March 22, 1999

Retail Gas Competition Shows Some Signs of Life in CA

Retail gas competition is starting to pick up speed inCalifornia despite continued consumer apathy, according to a surveyof the state’s three gas distribution utilities released last week.

June 15, 1998

Take Your Pick Among Up, Down, Flat Markets

The overall cash market was far from a model of consistencyWednesday. While prices rose by up to a nickel at Gulf Coastpoints, Northeast citygates were no more than flat to up a penny.In contrast, while Michigan and Chicago-area citygates saw gains of2-3 cents, field prices in the Midcontinent were mostly flat around$2.10. However, a Midcontinent producer found it “a littlesurprising” that trading ended on a modestly strong note with latedeals tending to be near the top of small ranges.

May 21, 1998
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