After a month of well above normal temperatures, some winter cold might be ready to take hold in areas of the country over the next three months, according to Andover, MA-based WSI Corp. The weather forecasting firm said its seasonal outlook for the February-April period calls for cooler than normal temperatures in the northeastern states with warmer-than-normal temperatures elsewhere.
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Revised CA Energy Action Plan Teed Up for Vote Next Month
A revised version of the two-year-old California Energy Action Plan is ready for the state’s two principal energy agencies to vote on it next month, according to a brief report at the California Public Utilities Commission business meeting in San Francisco Thursday. The lead CPUC Commissioner heading the revision, Dian Grueneich, said the plan is to have the plan adopted by the California Energy Commission (CEC) Aug. 24 and the CPUC the following day.
Top GOP Staffer Concedes MTBE Provisions Could Threaten Energy Bill
As the Senate gets ready to begin debate on an omnibus energy bill on Tuesday, a top Republican staff member of the Senate Energy and Natural Resources Committee conceded that the controversial methyl tertiary butyl ether (MTBE) provisions could threaten the energy measure this year.
Futures Falter in Afternoon, Settle 4 Cents Lower
After showing strength for a majority of Monday’s session, May natural gas futures appeared to be ready to continue Friday’s upswing. However, met with some long liquidation and influence from the petroleum futures complex, the prompt month began to sell off in the afternoon, settling down 4.2 cents at $7.153, just above the $7.14 low of the day.
Every Natural Gas Bull Loves Raymond James
Analysts at Raymond James & Associates aren’t quite ready to pack up their bull horns and nose rings, but they had to concede Monday that the domestic gas supply picture is improving. To them that simply means the domestic gas production decline isn’t as steep as they previously projected.
April Futures Maintain Position After Testing Lower
After being called significantly lower in overnight Access trading, April natural gas futures appeared ready to probe support lines, reaching a low on Tuesday of $6.55 in morning trading. However, the prompt month spent the rest of the session pulling itself back up to settle at $6.68, down only 5 cents on the day.
CPUC Clears Decks for ’05 on Distributed Generation, Utility ROE, Transmission
Anxious to clear its agenda and get ready for a Holiday lull, the California Public Utilities Commission Thursday cranked out more than a half-dozen energy actions, including the acceleration of a critical power transmission line project, the continuation of a $125 million distributed generation incentive program, and the setting of 11%-plus returns-on-equity (ROEs) for the state’s two major utilities.
PG&E Awash in Cash, Ready to Restore Dividend in ’05
Awash in cash following its utility bankruptcy, PG&E Corp. said Friday it will be able to restore a dividend of $1.20/share during the first half of next year, probably in April 2005 as the result of a $300 million settlement on disputed income tax benefits with its former merchant energy unit and a refinancing of its regulatory asset.
PG&E Awash in Cash, Ready to Restore Dividend in ’05
Awash in cash following its utility bankruptcy, PG&E Corp. said Friday it will be able to restore a dividend of $1.20/share during the first half of next year, probably in April 2005 as the result of a $300 million settlement on disputed income tax benefits with its former merchant energy unit and a refinancing of its regulatory asset.
PG&E Awash in Cash, Ready to Restore Dividend in ’05
Awash in cash following its utility bankruptcy, PG&E Corp. said Friday it will be able to restore a dividend of $1.20/share during the first half of next year, probably in April 2005 as the result of a $300 million settlement on disputed income tax benefits with its former merchant energy unit and a refinancing of its regulatory asset.