A FERC administrative law judge (ALJ) urged the full Commission last Thursday to dismiss a series of complaints brought by power companies in Nevada, California and Washington seeking to reform above-market electric contracts that they entered into with generators during the height of the western energy crisis in 2000 and 2001.
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Tropical Storm Lili Has Traders Experiencing ‘Deja Vu’
Boosted by the reformation of Tropical Storm Lili in the Caribbean, natural gas futures shot higher Friday as traders continued to cover shorts ahead of the weekend. Notching a 15.2-cent gain to close at $4.041, November becomes the first prompt natural gas contract to trade above $4.00 since June 2001 when the July contract was leading the market off its $10.10 high.
September 30, 2002
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