When the retail market partially opens to competition in Texasnext June, it will be a “whole new ballgame,” according to anofficial with the Electric Reliability Council of Texas, but moregeneration, additional transmission lines and increased capacityshould guarantee the state faces no problems similar to those seenby California this year.
Predicts
Articles from Predicts
Williams Predicts 2Q Profits to Soar
Tulsa’s Williams Cos., buoyed by soaring natural gas prices andbetter news than expected on its rate-refund liabilities andperformance by its communications group, said last week that itexpects second-quarter profits to exceed the first quarterperformance of 27 cents a share. It had been expected to earn 16cents, according to analysts polled by First Call/ThomsonFinancial.
Williams Predicts 2Q Profits to Soar
Tulsa’s Williams Cos., buoyed by soaring natural gas prices andbetter news than expected on its rate-refund liabilities andperformance by its communications group, said yesterday that itexpects second-quarter profits to exceed the first quarterperformance of 27 cents a share. It had been expected to earn 16cents, according to analysts polled by First Call/ThomsonFinancial.
NPC Study Predicts 32% Gas Demand Increase
Members of the National Petroleum Council (NPC) overwhelminglyapproved a report last week by its natural gas committeeforecasting a 32% increase in gas demand over the next decade, andsaying the nation could get that gas for 40 to 50 cents less ifproducers are allowed to access currently restricted areas.
Analyst Predicts Strong Reserves Addition Report
A veteran natural gas reserve and production expert has issued abearish warning to natural gas market observers: 1998 total reserveadditions could jump as much as 3 Tcf from 1997’s figure to between22 and 23 Tcf. That would be well above the range of 14.9 to 20.2Tcf over the last nine years. With 1998 production estimated atabout 19 Tcf the forecast adds up to reserve additions exceedingproduction by 116% to 121%.
Analyst Predicts Increased Gas Reserves
A veteran natural gas reserve and production expert has issued abearish warning to natural gas market observers: 1998 total reserveadditions could jump as much as 3 Tcf from 1997’s figure to between22 and 23 Tcf. That would be well above the range of 14.9 to 20.2Tcf over the last nine years. With 1998 production estimated atabout 19 Tcf the forecast adds up to reserve additions exceedingproduction by 116% to 121%.
Williams Predicts 3Q Earnings Shortfall
Williams share prices slid 5% but then rebounded late last weekand analysts adjusted their earnings forecasts following anannouncement that the company expects third quarter earnings pershare to be “substantially below” current Wall Street estimates of20 cents/share. The company said a change in accounting standardsand cooler than normal temperatures in Southern California, itsmajor power sales area, were to blame. But that’s just half thestory.
Williams Predicts 3Q Earnings Shortfall
Williams share prices dipped nearly 5% to $40.88/share yesterdayfollowing an announcement that the company expects third quarterearnings per share to be “substantially below” current Wall Streetestimates of 20 cents/share. The company said a change inaccounting standards and cooler than normal temperatures inSouthern California, its major power sales area, were to blame. Theannouncement was made partly in preparation for WilliamsCommunications’ initial public offering next month.
It’s Hot Out There, And So Are Power Prices
Scorching temperatures in the Northeast and Midwest made for anexciting Monday in the power market on a day when a new studypredicts gas-fired generation development in the Northeast couldeasily cause gas demand in the sector to double by 2010. And evenwith the addition of Sable Island gas, the Northeast will need tocontinually add capacity to keep up with new generation additions.
GRI Predicts Technology Will Enable Producers to Meet Demand Growth
Major improvements in well productivity from new technology andhigher success rates in gas drilling will help producers meetanticipated robust growth in U.S. gas demand over the next twodecades, according to a Gas Research Institute study.