FERC Chairman Curt Hebert Jr. last week tapped Kevin P. Madden,a well-known and popular official at the Commission, to be generalcounsel. He succeeds Doug Smith, who left the Commission on Friday.Madden has held a number of posts during his 21-year tenure atFERC, most recently as deputy director of the Office of Markets,Tariffs and Rates. Prior to that, he had been director of theOffice of Pipeline Regulation since 1988. He also served as anattorney adviser and trial attorney in the Office of GeneralCounsel during his years at FERC. “I chose Mr. Madden from a largefield of potential candidates both outside and within theCommission. His contributions will be crucial to our futureachievements, especially during this critical juncture of electricmarkets,” Hebert said.
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Madden Named FERC’s General Counsel
FERC Chairman Curt Hebert Jr. last week tapped Kevin P. Madden,a well-known and popular official at the Commission, to be generalcounsel. He succeeds Doug Smith, who left the Commission on Friday.
Mild Weather Again Weighs Heavily on Prices
A popular Mark Twain quotation goes, “Everybody talks about theweather but nobody does anything about it.” Well, utilities andend-users don’t want anybody doing anything at all about theweather because it was the primary reason (again, for the umpteenthtime) for prices to return to double-digit descents Friday in mostcases.
Northeast Households Picking Gas, EIA Says
Although the Northeast consumes a lower percentage of naturalgas than does the rest of the nation, it ranks as the most popularenergy fuel in regional households, according to a new study issuedby the Energy Information Administration (EIA).
Utilities Becoming Popular Stocks
Utility stocks have been heating up in recent weeks, and MerrillLynch is jumping on the bandwagon with a proposal to invest up to$1 billion in a new trading vehicle, Utilities HOLDRS (UTH), a”superstock” made up of the stocks of 20 utility companies.
Utilities Becoming Popular Stocks to Own
Utility stocks have been heating up in recent weeks, and MerrillLynch is jumping on the bandwagon with a proposal to invest up to$1 billion in a new trading vehicle, Utilities Holdrs (UTH), madeup of the stocks of 20 utility companies.
Swing Flat to Slightly Lower; April Numbers Soften
The swing market somewhat resembled a popular breakfast foodWednesday: almost as flat as could be, with a slight lean towardthe softer side.
Prince Edward Island Seeks Gas Distribution System
Prince Edward Island, a popular vacation spot off the northerncoasts of New Brunswick and Nova Scotia, is looking to get on boardthe natural gas express line running from Sable Island through theCanadian Maritimes provinces.
Maritimes’ P.E.I. Seeks Gas Distribution System
Prince Edward Island, a popular vacation spot off the northerncoasts of New Brunswick and Nova Scotia, is looking to get on boardthe natural gas express line running from Sable Island through theCanadian Maritimes provinces.
Screen, ‘Storm Hype’ Accelerate Price Increases
Although “storm hype” was a popular phrase in market discussionsThursday, the hype factor was beginning to fade in the afternoon asTropical Storm Bret achieved named status, prompting the Mexicangovernment to post coastal storm warnings from Tampico southward.Some strengthening of Bret is likely over the next 24 hours, theNational Hurricane Center said in a 4 p.m. CDT advisory.
