Rush

It looks like no one in the energy industry is attempting to beat the rush by submitting the required Form 552 natural gas trading data to FERC early for 2009. With one month left before market participants must comply under the latest extended deadline, the Commission shows no submissions.

It looks like no one in the energy industry is attempting to beat the rush by submitting their Form 552 trading data to FERC early for 2009. With less than one-and-a-half months left before market participants must comply under the latest extended deadline, the Commission shows no submissions.

Since the beginning of this year Chesapeake Energy Corp. has delivered realized gas hedging gains of $1.8 billion, but it’s in no rush to hedge any of its 2010 natural gas production, CEO Aubrey McClendon said last week.

Since the beginning of this year Chesapeake Energy Corp. has delivered realized gas hedging gains of $1.8 billion, but it’s in no rush to hedge any of its 2010 natural gas production, CEO Aubrey McClendon said Tuesday.

California’s headlong rush toward an eventual renewable portfolio standard (RPS) goal of 33% of the state’s power coming from environmentally clean resources by 2020 could greatly expand the market from natural gas-fired power generation, according to Steve Hoffmann, senior vice president with NRG Energy Inc. With wind power back-up is key. He pointed out that during a recent heat wave less than 2% of the wind power connected to the system was actually functioning.

California’s headlong rush toward an eventual renewable portfolio standard (RPS) goal of 33% of the state’s power coming from environmentally clean resources by 2020 could greatly expand the market from natural gas-fired power generation, according to Steve Hoffmann, senior vice president with NRG Energy Inc. Diversifying electric generation fuels may expand, not lessen, the influence of gas in the next five to 10 years, he said from his perspective running NRG’s western operations.

The rush to drill for oil and natural gas in five Rocky Mountain states is threatening endangered species and is locking out hunters and fisherman from western lands, the Environmental Working Group (EWG) and National Wildlife Federation (NWF) said in a report last Wednesday. Their report further claimed that the amount of natural gas produced in the region has been “modest,” and not enough to justify “runaway drilling.”

The rush to drill for oil and natural gas in five Rocky Mountain states is threatening endangered species and is locking out hunters and fisherman from western lands, the Environmental Working Group (EWG) and National Wildlife Federation (NWF) said in a report Wednesday. Their report further claimed that the amount of natural gas produced from the region has been “modest,” and not enough to justify “runaway drilling.”

With natural gas prices expected to remain volatile and high, the rush to coal-fired electric generation is back. Everything from vertically integrated utilities to merchant operators are proposing new plants, as well as hyping the prospects for “clean coal” facilities, but some old-fashioned caution is recommended in a report released Tuesday by Standard & Poor’s Ratings Services (S&P), examining whether high yield or high grade financing will build these plants.