Allegheny Energy Supply Co. LLC upped its total generatingcapacity to nearly 10,000 MW after setting up a joint venture withUGI Development to expand and market generation output fromfacilities at UGI’s Hunlock Creek generating station nearWilkes-Barre, PA. Part of the deal gives Allegheny Energy Supplyaccess to 46 MW to sell into the Pennsylvania-New Jersey-Marylandmarket.
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Adams Resources Adds New England Market
Houston-based Adams Resources & Energy, Inc. is expandingits natural gas business, setting up a downstream office inProvidence, RI to market to industrial and commercial customers.
PA PUC to Take Over Rate Setting
The Philadelphia Gas Commission’s (PGC) long term role as soleregulator of Philadelphia Gas Works’ (PGW) is coming to an end. PGWwill have to answer to a new governing body, the PennsylvaniaPublic Utility Commission (PUC). The state agency will now set theutility’s rates, as well as follow up on customer complaints andconcerns.
PA PUC to Take Over Rate Setting
The Philadelphia Gas Commission’s (PGC) long term role as soleregulator of Philadelphia Gas Works’ (PGW) is coming to an end. PGWwill have to answer to a new governing body, the PennsylvaniaPublic Utility Commission (PUC). The state agency will now set theutility’s rates, as well as follow up on customer complaints andconcerns.
Senator Cautions Against Too Much Gas Reliance
Some Capitol Hill lawmakers and energy experts believe theUnited States may be setting itself for another energy crisis 10 to20 years down the road by relying to heavily on natural gas to fuelnew power generation facilities.
Senator Cautions Against Too Much Gas Reliance
Some Capitol Hill lawmakers and energy experts believe theUnited States may be setting itself up for another energy crisis 10to 20 years down the road by relying too heavily on natural gas tofuel new power generation facilities.
After Ten Straight Sessions, Bulls Cool Their Heels
Led by follow-through buying, record-setting heat out West, anda constructive over-the-counter market, natural gas futures eruptedhigher at the open yesterday as buyers propelled the market to newthree and a half year highs. The rally was short-lived, however,and after posting a $3.985 high during the first hour of trading,the June contract tumbled lower under a wave of selling pressure tofinish at $3.747, down 7.8 cents on the day. Estimated volume wasextremely heavy, with 134,429 contracts changing hands.
California-Delivered Gas Tops $5/Mcf
Much like on the East Coast a couple of weeks ago, arecord-setting heat wave set in over the weekend in California andthe desert Southwest. The effect on western peaking power pricesMonday wasn’t nearly as dramatic as the $6,000/MWh numbers hitearlier this month in the New England pool; however, gas pricesshowed a much greater impact this time.
CA Gets 2nd Merchant Storage Project, 3rd on the Way
Setting aside vociferous local opposition from nearby propertyowners and a proposed denial from one of its administrative lawjudges (ALJ), the California Public Utilities Commission Thursdaygave the go-ahead to a proposed $80 million underground natural gasstorage field near Lodi in Northern California.
Wall Street Eyes Fuel Cell Developments
As the dot.com stocks begin to lose a “little bit of theirluster,” Wall Street investors quickly are setting their sights oncompanies that are involved in the production of fuel-celltechnology for the energy market, as well as the individualutilities that are “embracing” the new technology, a Wall Streetanalyst says.