Predicts

With 5,900 MW of new mostly gas-fired generation capacity comingonline this winter across the United States, the North AmericanElectric Reliability Council concluded in its latest WinterAssessment that “electric resources will be adequate” to meetprojected electricity demand.

With 5,900 MW of new mostly gas-fired generation capacity comingonline this winter across the United States, the North AmericanElectric Reliability Council concluded in its latest WinterAssessment that “electric resources will be adequate” to meetprojected electricity demand.

Just three months after Houston-based Dynegy announced it wouldenter the North American wholesale broadband communicationsbusiness, it now is storming into Europe with a deal to buyLondon-based iaxis Ltd., a cash poor fiber optic network operator.

Natural gas is the common denominator that will “foster allreasonable wishes” of environmental groups and still support majorand sustained economic activity for the foreseeable future,according to a University of Houston economics professor who so farhas been on target in his predictions about energy.

Natural gas is the common denominator that will “foster allreasonable wishes” of environmental groups and still support majorand sustained economic activity for the foreseeable future,according to a University of Houston economics professor who so farhas been on target in his predictions about energy.

The Energy Information Administration said in its SeptemberShort Term Energy Outlook it is projecting natural gas prices atthe wellhead will increase by about 87% this winter (October-March)compared to last winter. Residential prices for gas are expected torise on average by 27% compared to last year. For the entire year,the average wellhead price for natural gas is projected to be$3.40/Mcf, the highest annual wellhead price on record (ininflation-adjusted terms, it would be the highest annual averageprice since 1985).

The sharp rise in natural gas and oil prices and production have sent Apache Corp.’s earnings skyrocketing, and the CEO said last week that the Houston-based independent would easily beat Wall Street estimates.

The sharp rise in natural gas and oil prices have sent Apache Corp.’s earnings skyrocketing, and the CEO said yesterday the Houston-based independent would easily beat Wall Street estimates. Analysts have predicted earnings per share of $4.86, but CEO Raymond Plank said the company expects to earn $5.50 per share, about 20% higher than predicted.

The Energy Information Administration said yesterday in itsSeptember Short-Term Energy Outlook it is projecting natural gasprices at the wellhead will increase by about 87% this winter(October-March) compared to last winter. Residential prices for gasare expected to rise on average by 27% compared to last year. Forthe entire year, the average wellhead price for natural gas isprojected to be $3.40/Mcf, the highest annual wellhead price onrecord (in inflation-adjusted terms, it would be the highest annualaverage price since 1985).