In a shrinking power load market nationally under the shadow of climate change policy responses and economic recession, NRG Energy Inc. CEO David Crane urged the electricity industry and financial analysts following it not to “overreact” to the prospect of what some would characterize as draconian measures set to come out of the Obama administration’s newly activated U.S. Environmental Protection Agency (EPA). Some segments of the coal industry may even thrive in the future, Crane said during an earnings conference call Tuesday.
Recession
Articles from Recession
Economic Decline Hits Michigan Demand, Prices, Production
The recession, which has hit Michigan especially hard, will drag residential natural gas prices down 12% and statewide demand down 10% this winter, according to an energy appraisal released Friday by the Michigan Public Service Commission (PSC).
October 12, 2009
Economic Decline Hits Michigan Demand, Prices, Production
The recession, which has hit Michigan especially hard, will drag residential natural gas prices down 12% and statewide demand down 10% this winter, according to an energy appraisal released Friday by the Michigan Public Service Commission (PSC).
October 12, 2009
Many Energy Execs Report ‘Less Severe Impact’ in Downturn
The global recession has impacted many small and mid-size natural gas and oil companies, but larger well capitalized companies “are busy preparing for the upturn,” according to a survey published earlier this month by Ernst & Young.
August 31, 2009
Many Energy Execs Report ‘Less Severe Impact’ in Downturn
The global recession has impacted many small and mid-size natural gas and oil companies, but larger well capitalized companies “are busy preparing for the upturn,” according to a survey published Monday by Ernst & Young.
August 18, 2009
Canada’s National Energy Board Pondering Pipeline Tolls
Despite protests by natural gas shippers and consumers that a global recession is no time to think about raising tolls, Canadian pipelines have been granted an audience for requests to top up their finances.
July 13, 2009
ICE, CME Group Record Different Stories on June Volumes
Commodity trading exchanges are continuing to weather the 2008-2009 recession, but Atlanta-based IntercontinentalExchange (ICE), operator of regulated global futures exchanges, clearinghouses and over-the-counter (OTC) markets, recorded volume growth June-over-June while Chicago-based CME Group, which bills itself as the world’s largest and most diverse derivatives exchange, reported a volume decrease, according to data provided by the rivals.
July 6, 2009
ICE’s June Volumes Jump as CME’s Slump
Commodity trading exchanges are continuing to weather the 2008-2009 recession, but Atlanta-based IntercontinentalExchange (ICE), operator of regulated global futures exchanges, clearinghouses and over-the-counter (OTC) markets, recorded volume growth June-over-June while Chicago-based CME Group, which bills itself as the world’s largest and most diverse derivatives exchange, reported a volume decrease, according to data provided by the rivals.
July 6, 2009
Grassy Point LNG ‘On Hold’ for Better Times
The economic recession and liquefied natural gas (LNG) market dynamics have caused the indefinite postponement of an LNG transshipment and storage terminal proposed by Newfoundland LNG Ltd. for Grassy Point on Placentia Bay on the southeast coast of Newfoundland, Canada.
June 22, 2009
Grassy Point LNG Facility Placed ‘On Hold’
The economic recession and liquefied natural gas (LNG) market dynamics have caused the indefinite postponement of an LNG transshipment and storage terminal proposed by Newfoundland LNG Ltd. for Grassy Point on Placentia Bay on the southeast coast of Newfoundland, Canada.
June 16, 2009
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