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The White House this week forwarded to the Senate the nomination of former New Mexico regulator Suedeen G. Kelly for a seat on the Federal Energy Regulatory Commission. The move comes three months after President Bush announced his intention to tap Kelly, a Democrat, for the five-member federal regulatory agency (see Daily GPI, March 11).

The American Gas Association (AGA) sent a letter to U.S. senators Tuesday urging opposition to an expected amendment to the energy bill from Senator Bob Graham (D-FL) that would to remove Sec. 105. The section calls for a Comprehensive Inventory of Outer Continental Self (OCS) Oil and Natural Gas Resources.

A higher than expected weekly gas storage injection of 61 Bcf sent May futures tumbling to an early afternoon low of $5.38 Thursday, down more than 20 cents from its earlier high of $5.59. Light short-covering entered the fray in the last 90 minutes as locals and other short-term traders took profits near the end of what has been a very profitable week. May finished at $5.474, down 9.5 cents for the session but nearly a dime above its low for the day.

In letters sent out to every member of Congress on Thursday, the American Chemistry Council (ACC), which represents America’s largest industrial users of natural gas, the chemical industry, warned of an impending natural gas crisis that will trigger an economic recession.

In letters sent out to every member of Congress on Thursday, the American Chemistry Council (ACC), which represents America’s largest industrial users of natural gas, the chemical industry, warned of an impending natural gas crisis that will trigger an economic recession.

A federal appeals court in Washington, DC has sent back for the second time a FERC decision rejecting Transcontinental Gas Pipe Line Corp.’s bid to charge shippers firm-to-the-wellhead (FTW) transportation rates similar to those enjoyed by its competitors.

In an e-mail message sent on Tuesday to employees, Aquila Inc.’s CEO Richard Green Jr. said the company’s executives would not receive “annual or long-term incentives, merit increases or stock options for 2002 performance.”

In an e-mail message sent on Tuesday to employees, Aquila Inc.’s CEO Richard Green Jr. said the company’s executives would not receive “annual or long-term incentives, merit increases or stock options for 2002 performance.”

In a market that was already weakened by technical bearishness, natural gas futures were sent spiraling lower Friday on reports that the El Nino weather pattern will bring above-normal temperatures to the central United States this winter.