Everything is relative as evidenced by Sempra Energy senior management feeling good about a $740 million settlement of more than $1.36 billion in lawsuits and writing down another $64 million against second quarter earnings to account for part of an underground natural gas storage project that proved uneconomic.
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Sempra Sees Upside in $64M Storage Hit, $740M Wildfire Deal
Everything is relative as evidenced by Sempra Energy senior management feeling good about a $740 million settlement of more than $1.36 billion in lawsuits and writing down another $64 million against second quarter earnings to account for part of an underground natural gas storage project that proved uneconomic. All in all, the San Diego-based energy holding company last Friday posted solid, if reduced, results quarter-over-quarter (see Daily GPI, Aug. 3).
Heating Load Still Light, But Price Surge Continues
Prices continued to rise at virtually all points Monday despite a relative dearth of significant heating load. Yes, there were still some forecasts of low temperatures around freezing or less for Tuesday in the Northeast, Upper Plains, Rockies and Alberta, but those are largely taken for granted and lightly regarded in late March.
Fitch: Pipelines Somewhat Insulated from Downturn
Despite a negative outlook for the U.S. economy in which a 1.2% decline in gross domestic product (GDP) is projected for 2009, Fitch Ratings sees relative stability ahead for natural gas pipelines.
Fitch: Pipelines Stable Despite Downturn
Despite a negative outlook for the U.S. economy in which a 1.2% decline in gross domestic product (GDP) is projected for 2009, Fitch Ratings sees relative stability ahead for natural gas pipelines.
CSU Predicts Two Hurricanes, One Intense, This Month
Despite a period of relative calm since Hurricane Ike slammed into the Texas coast at Galveston Sept. 13, the Colorado State University (CSU) hurricane team said it expects above-average hurricane activity this month.
PPM Energy Looks to Grow Wind, Gas Storage Businesses
Although conceived on a relative shoestring as a small thermal power plant operator in the Pacific Northwest five years ago, ScottishPower’s U.S. operations with PPM Energy expect to continue rapid annual growth in its niche positions in wind energy and natural gas storage, company officials told an analysts forum in London.
NGI The Weekly Gas Market Report
Raymond James: 1Q Production Rise Doesn’t Affect Price
Natural gas prices will remain depressed relative to crude oil through the summer, but as the gas storage surplus is worked off, Raymond James & Associates Inc. expects a gas price rebound to the traditional 6:1 oil-gas ratio heading into 2007.
Raymond James Finds Modest 1Q Production Growth
Natural gas prices will remain depressed relative to crude oil through the summer, but as the gas storage surplus is worked off, Raymond James & Associates Inc. expects a gas price rebound to the traditional 6:1 oil-gas ratio heading into 2007.
NGI The Weekly Gas Market Report
CERA Sees Another 100,000 MW Changing Hands as Merchant Plant Values Bottom
Prices for merchant power assets appear to have halted a three-year free fall and more than 100,000 MW of electricity generating capacity — the amount bought and sold over the past three years — is expected to change hands in the coming 12 to 18 months, according to “Terra Firma: Merchant Power Plant Prices Hit Bottom,” a new research report by Cambridge Energy Research Associates (CERA), an IHS company.