To solve the question of where gas supplies will come from for its new generating plant in San Diego, the Otay Mesa Generating Co. LLC on Friday asked the Federal Energy Regulatory Commission for authorization to build gas import facilities at the California-Mexico border to import up to 110 MMcf/d to fuel a 510 MWh station to be sited near San Diego (see Daily GPI, Oct. 12, 2000).
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Prices Plunge, And a Repeat Is Expected Today
How low can you go? Some traders likely were asking themselvesthat very question Wednesday afternoon after seeing cash pricescrater by about 20 cents or more at nearly all points that morningand then watching the screen go into a swoon immediately after theAGA storage report, which means the cash market is expected toregister big losses again today.
Analyst Says $2 Gas Prices ‘In Rear View Mirror’
Natural gas prices are going to jump; the only question is — how high? Calling the rising natural gas demand “phenomenal” both now and into the foreseeable future, Simmons and & Co. International vice president David Pursell said prices are trending upward, and predicted that natural gas is poised to gain a “good proportion” of the demand group.
Internet Outshines Energy Stocks
Commodity prices are up, and the financial performance of anumber of energy companies is on the rise. The question being askedlast week in Houston was why are Wall Streeters treating energycompany stocks like ugly stepchildren?
Energy Execs Hunt For Share Price Multiples
Commodity prices are up, and the financial performance of anumber of energy companies is on the rise. The question being askedthis week in Houston is why are Wall Streeters treating energycompany stocks like ugly stepchildren?
Producers Blast Gore on Offshore Ban
The Natural Gas Supply Association (NGSA) last week called intoquestion Vice President Al Gore’s pledge to continue the drillingban along the Florida and California coasts if he’s electedpresident. “The producers of natural gas are dismayed by yourrecent announcement” to stop in its tracks any drilling along thesetwo coasts, where it’s believed more than 40 Tcf of gas may beavailable, wrote NGSA President R. Skip Horvath in a letter toGore. “Denying access to this environmental fuel, some of whichresides offshore, appears inconsistent with the goal for a cleanerfuture.”
Colorado Sets Voluntary Retail Unbundling
Gov. Bill Owens recently signed Colorado’s gas deregulationbill, SB99-153, opening the door for voluntary unbundling by thestate’s gas utilities. The question now is how many utilities willwalk through the opening?
Supply Management Outsourcing Gets Mixed Reviews from LDCs
Can you trust a marketer with all of your regulated assets? It’sa question many LDCs are asking themselves these days asderegulation and competition are stranding more and more supplycontracts, upstream transportation and storage. But there’s no easyanswer, according to several panelists speaking at NGI’sGasMart/Power ’99 in Dallas last week.
Supply Management Outsourcing Gets Mixed Reviews
Can you trust a marketer with all of your regulated assets? It’sa question many LDCs are asking themselves these days asderergulation and competition are stranding more and more supplycontracts, upstream transportation and storage. But there’s no easyanswer, according to several panelists speaking at GasMart/Power’99 in Dallas yesterday.
Moler May Lack Political Clout for DOE
Officials of key electricity trade groups question whetherDeputy Energy Secretary Elizabeth Moler has the political cloutneeded to be considered as a serious candidate by the White Houseto replace departing Energy Secretary Federico Pena.