Positive

ICC Questions Vibrancy Of IL Electric Market

Although Illinois is showing positive signs of retail market growth, questions remain as to whether the wholesale market in Illinois is robust enough to support a competitive retail market, according to a recent report by the Illinois Commerce Commission (ICC) assessing retail and wholesale market competition in the state’s electric industry.

May 14, 2001

ICC Questions Vibrancy Of IL Electric Market

Although Illinois is showing positive signs of retail market growth, questions remain as to whether the wholesale market in Illinois is robust enough to support a competitive retail market, according to a recent report by the Illinois Commerce Commission (ICC) assessing retail and wholesale market competition in the state’s electric industry.

May 9, 2001

Market Stays Soft With Few Positive Signs in Sight

Bears continued to roam the gas price woods Tuesday in nearly all markets. Overly warm and power-short California was the major exception where prices for deliveries at the PG&E Citygate and at the Southern Border into PG&E were up sharply.

May 9, 2001

Late Rally Gives Bulls Hope; Storage Holds the Key

After funneling lower for most of the week, natural gas futures finished on a positive note Friday, amid a late flurry of trading and speculative short-covering. Just when it appeared that futures would head listlessly into the weekend with its fourth straight down day, the market erupted higher in the last 85 minutes of trading, propelling the May contract to a 2.7-cent gain at $5.128.

April 23, 2001

Transportation Note

Pacific Gas & Electric extended a systemwide Stage 3high-inventory OFO through at least today, but loosened thetolerance for positive daily imbalances from 1% to 3%. The utilitycontinued to project linepack rising well above its maximum targetlevels through Saturday.

March 22, 2001

Phillips Builds Refining, Sales with $7B Tosco Deal

After a positive surprise with its fourth quarter earningsperformance, Phillips Petroleum continued to astonish observerslast week, buying Tosco Corp. in a $7 billion stock transactionthat will make Phillips the second-largest refining company in theUnited States with a capacity of 1.7 MMbbl/d.

February 12, 2001

CA Reaches Agreements for Long-Term Power

Seeking to put a positive spin on the state’s first foray intolong-term bulk electricity contracts, Gov. Gray Davis Tuesdayannounced that the state has reached agreement for the commercialterms on an unspecified number of contracts between the state waterresources department and bulk power suppliers, with volumes phasingupward from 500 to 5,000 MW over several years.

February 7, 2001

Phillips Builds Refining, Sales with $7B Tosco Deal

After a positive surprise with its fourth quarter earningsperformance, Phillips Petroleum continued to astonish observersover the weekend, buying Tosco Corp. in a $7 billion stocktransaction that will make Phillips the second-largest refiningcompany in the United States with a capacity of 1.7 MMbbl/d.

February 6, 2001

Futures Rebound Might be Short Lived, Say Analysts

Buoyed by gains achieved in the overnight Access tradingsession, natural gas futures finished on a positive note Friday, asshort covering took back a small percentage of last week’s massivelosses. The February contract led the way, rumbling 32.3 centshigher to close at $7.459. Meanwhile, the out months were muchquieter with smaller gains in March, April and May almost offsetby modest losses in the rest of the strip.

January 22, 2001

MI Electric Choice Continues Successful Bid Process

Detroit Edison reported that its unique bid-phased electricchoice program in Michigan continues to receive a positive responsefrom new participants using the system. The fifth and final bidphase of the program showed that demand for capacity on itsdistribution system again exceeded the amount of space available,as the company received over 70 requests.

December 11, 2000