Cash prices plummeted more than 30 cents at some points in the Rocky Mountain region Monday as western pipelines remained packed with gas, and maintenance reduced transportation out of the region. Late reports showed spot price lows in the $1.20s at Opal, WY after averaging in the $1.80s on Friday. Fifty-cent ranges were common throughout the Rockies.
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CA Power Crisis Continues In Courts, Legislature
In the nothing-is-really-settled department, the State ofCalifornia was preparing to intervene today in a federal districtcourt in Los Angeles that has been asked to raise utility rates tocover the unpaid costs of wholesale power.
February 12, 2001
Petrie Sees Storage Bottoming Out
No one can really predict the weather, “but at the rate winteris setting in, by the middle of February we’ll be where we usuallyare in April” in regard to natural gas in storage, according toThomas A. Petrie, chairman of Petrie Parkman & Co. in Denver.
December 20, 2000
Price Dive Continues; SoCal Border Basis Skyrockets
The demise of Debby, softer futures and just not enough summerheat to really matter kept the cash market on a slide Thursday asalmost all points plunged by about 20 cents or more. Predictably,however, the smallest declines were registered by California as ananticipated reopening of one line at Pecos River Station on ElPaso’s southern branch failed to materialize due to a regulatoryfiat.
August 25, 2000
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