Reporting

Pacific Gas & Electric implemented a systemwide Stage 2 low-inventory OFO on its California Gas Transmission system Thursday but did not extend it beyond that day.

CMS Energy turned things around in the third quarter, reporting a profit of $82 million (34 cents/share) compared to a loss in the year-ago period of $103 million (-47 cents/share) Results include $49 million received from an insurance payment.

Reporting a 34% increase in operating revenues for the second quarter year over year, but only a 9% bump up in net income, executives with Nymex Holdings, parent of the New York Mercantile Exchange, said they had a major cost-cutting effort currently under way and expected to make “a significant reduction in costs” in the current quarter.

Reporting a 34% increase in operating revenues for the second quarter year over year, but only a 9% bump up in net income, executives with Nymex Holdings, parent of the New York Mercantile Exchange, said they had a major cost-cutting effort currently under way and expected to make “a significant reduction in costs” in the current quarter.

Fort Worth’s XTO Energy Corp. Tuesday raised its production growth forecast for the rest of 2007 by 2% to 17% after reporting record natural gas output in the second quarter.

Duke Energy Corp. has petitioned the Federal Trade Commission (FTC) to relieve it of reporting obligations placed on the company when the FTC approved two of its acquisitions in 2000.

Duke Energy Corp. has petitioned the Federal Trade Commission (FTC) to relieve it of reporting obligations placed on the company when the FTC approved two of its acquisitions in 2000.

Citing “single-digit system weighted forecasted temperatures and below-zero low temperatures at most reporting stations in the market area,” Northern Natural Gas declared a System Overrun Limitation for Friday in all market-area zones (ABC, D and EF).

Columbia Gas of Virginia topped its winter peak demand record for natural gas in August, reporting its three highest single demand days in its nearly 160-year history. The new peak — the first time it has ever been set in the summer — came on Aug. 2 when a heat wave swept through the eastern half of the country recording temperatures above 100 degrees in many locations.