Weekend prices fell at a large majority of points Friday as March appeared to be living up to its “shoulder month” reputation more than when cold weather lingered into the month’s first week. The bearish storage report from a day before, which spurred a dime drop by April futures, and the weekend decline of industrial load were other factors in softer quotes.
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BP Readies for Do-Over; $30B in Assets For Sale
With its reputation in tatters and costs continuing to escalate, BP plc last week launched a radical revamp, moving aside its CEO and shaking up its operations with plans to sell close to $30 billion worth of its worldwide assets.
BP to Sell $30B in Assets, Take $32.2B Charge
With its reputation in tatters and costs continuing to escalate, BP plc on Tuesday announced a radical shakeup that will bring in new leadership and lead to divestments to make the company leaner. The expected asset sales, scheduled to be completed over the next 18 months, could result in the loss of 8% of BP’s total natural gas and oil production worldwide, which still would put the company ahead of Royal Dutch Shell plc.
CO Governor Doubles Renewable Standard, Eases Construction Burden
Backing up the reputation that Colorado is an environmentally conscious state, Gov. Bill Ritter last week signed into law House Bill 1281 and Senate Bill 100 — two centerpieces of Colorado’s New Energy Economy legislative agenda — at the National Renewable Energy Laboratory’s Wind Technology Center south of Boulder.
CO Governor Doubles Renewable Standard, Eases Construction Burden
Backing up the reputation that Colorado is an environmentally conscious state, Gov. Bill Ritter this week signed into law House Bill 1281 and Senate Bill 100 — two centerpieces of Colorado’s New Energy Economy legislative agenda — at the National Renewable Energy Laboratory’s Wind Technology Center south of Boulder.
Freezing Weather Sends Spot Prices Soaring
With winter finally living up to its cold-weather reputation in just about every nook and cranny of Canada and the U.S. except peninsular Florida, cash prices spiked at virtually all points Tuesday in response to skyrocketing heating load. Quite a few gains were in triple digits and several Northeast citygates posted increases of more than $3.
Reliant Files ‘In-Kind’ Balancing Plan
Advancing its reputation as one of the more innovative pipelinesin the industry when it comes to ratemaking, Reliant Energy GasTransmission (REGT) submitted a rate filing with FERC that willgive customers an ‘in-kind’ balancing option. The plan is part ofto its Automatic Nomination Service (ANS), a ‘just-in-time’ supplymanagement service.
Reliant Files ‘In-Kind’ Balancing Plan
Advancing its reputation as one of the more innovative pipelinesin the industry when it comes to rate making, Reliant Energy GasTransmission (REGT) submitted a rate filing with FERC that willgive customers an ‘in-kind’ balancing option. The plan is part ofto its Automatic Nomination Service (ANS), a ‘just-in-time’ supplymanagement service.