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The future is bright for investors in the power market, butrather dim for the nation’s power users, Salomon Smith Barney (SSB)warned in a new report titled “The U.S. Electric Shock.” The powercrisis won’t be confined to California and the West for very long.Power shortages are going to spread to eastern states over the nextfew years not only because of delays in power plant constructionbut also because of delays in gas supply development andconstraints on the gas pipeline grid, the firm predicted.

Florida may be at the center of another controversy between the two Bush brothers, but this time it won’t involve a recount, but rather states’ rights versus federal authority – federal authority that through the Clinton administration had favored and supported states’ rights to ban offshore drilling. This time, the brothers could be on opposite sides.

Florida may be at the center of another controversy between thetwo Bush brothers, but this time it won’t involve a recount, butrather states’ rights versus federal authority — federalauthority that through the Clinton administration had favored andsupported states’ rights to ban offshore drilling. This time, thebrothers could be on opposite sides.

The amount of new gas-fired power generation planned for the next two years reveals the rather alarming possibility that an additional 10 Bcf/d of gas demand could be added to the gas market before the end of 2002 from power demand alone, according to a report by Raymond James & Associates.

The amount of new gas-fired power generation planned for thenext two years reveals the rather alarming possibility that anadditional 10 Bcf/d of gas demand could be added to the gas marketbefore the end of 2002 from power demand alone, according to areport by Raymond James & Associates.

UtiliCorp United, Duke Energy and Enron have a lot in common,and it has a lot to do with how they “embrace and exploit change”rather than resist it, according to Arthur Andersen’s Doug King.King, a partner in the London office, told attendees at the HoustonEnergy Symposium last week that the three companies have learnedthe same lessons, which have led to their present success.

UtiliCorp United, Duke Energy and Enron have a lot in common,and it has a lot to do with how they “embrace and exploit change”rather than resist it, said Arthur Andersen’s Doug King yesterday.King, a partner in the London office, told attendees at the HoustonEnergy Symposium that the three companies have learned the samelessons, which have led to their present success.

Joining the rather large list of third quarter 2000 earningssuccess stories, Williams reported net income that was more thanquadruple the figure for the same period last year. Its profitsrose to $121.1 million ($0.27 per share) from $28.1 million ($0.06per share).

Most of what was lost in spot market pricing on Monday wasrather quietly regained yesterday, as storage buying started tokick back in and the weather situation in the Gulf of Mexico onceagain looked ominous, with the possibility of another tropicalstorm or two developing.