Settle

Traders Eulogize Winter as Futures Close Just Below $4.60

Front-month natural gas futures put in a new low for the larger down move on Friday as the April contract recorded a $4.540 trade before going on to settle at $4.593, up 1.8 cents from Thursday’s finish but 22 cents below the previous week’s close.

March 8, 2010

Futures Fall Again, But Downside Seen as ‘Limited’

After finally breaking through to settle above $5 earlier, November natural gas futures gave it all back late last week to close nearly unchanged from the previous week’s finish. The prompt-month contract on Friday closed at $4.787, down 16 cents from Thursday but six-tenths of a penny higher than the previous week’s finish.

October 26, 2009

November Futures Fail At $5; Some Question October Expiration Glitch

At first it looked as though November futures were going to settle above the psychologically important $5 level, but the realization that the primary near-term market driver — forecasts of colder-than-normal weather — had been fully discounted was enough to pull the plug on prices.

October 7, 2009

FERC Enforcement, Oasis Pipeline Reach Settlement in Principle

FERC enforcement litigation staff and Energy Transfer Partners’ Oasis Pipeline LP have reached an agreement in principle to settle violations of regulations under Section 311 of the Natural Gas Policy Act (NGPA) of 1978.

December 15, 2008

FERC Enforcement, Oasis Pipeline Reach Settlement in Principle

FERC enforcement litigation staff and Energy Transfer Partners’ Oasis Pipeline LP have reached an agreement in principle to settle violations of regulations under Section 311 of the Natural Gas Policy Act (NGPA) of 1978.

December 12, 2008

Missouri, Kansas Regulators Agree to $9.6M Southern Star Settlement

Missouri and Kansas regulators have agreed to settle two natural gas leak disputes with Southern Star Central Gas Pipeline Inc. for $9.6 million, regulators said Friday.

July 28, 2008

WSI Forecasts: Heat in the East; Nine Hurricanes This Year

Warmer-than-normal temperatures will settle in over the Northeast and North Central regions in August and remain there through October, while the western United States will see cooler-than-normal air taking over in September and October, according to forecaster WSI Corp. of Andover, MA. WSI also increased by one the number of named storms and hurricanes that it predicts will form in the Atlantic Basin this year.

July 28, 2008

East to Remain Hotter Than Usual, WSI Says

Warmer-than-normal temperatures will settle over the Northeast and North Central regions in August and remain there through October, while the western United States will see cooler-than-normal air taking over in September and October, according to forecaster WSI Corp. of Andover, MA.

July 22, 2008

Industry Briefs

NorthWestern Energy said the Montana Public Service Commission (MPSC) approved a stipulated agreement with the Montana Consumer Counsel (MCC) to settle the utility’s pending electricity and natural gas rate cases. The agreement resulted in a rate increase of about 2%, which has been in effect on an interim basis since Jan. 1. Last December NorthWestern announced the proposed settlement with the MCC, which included a $10 million annual increase in electric delivery rates, and an increase in natural gas delivery rates of $5 million annually. As part of the agreement, NorthWestern will provide 21 MW of unit-contingent power from Colstrip Unit 4 at $19/MWh below the Mid-C index price for a period of 78 months. NorthWestern will also make capital investments in 2008 and 2009 to improve and upgrade the existing electric transmission and distribution system. The company said it will recover this investment in rates over time but will not earn a rate of return on $38.8 million of the total investment. Under the terms of the agreement, NorthWestern will file another rate case in 2009. NorthWestern provides electricity and natural gas in the Upper Midwest and Northwest, serving approximately 650,000 customers in Montana, South Dakota and Nebraska.

July 7, 2008

WSI Forecast: East to Heat Up in June, Cool Down in July

Cooler-than-normal temperatures will dominate the Southeast and Pacific Coast states in June, July and August, while warmer-than-normal air will settle over much of the rest of the country, especially in the northern Rockies and northern Plains, according to forecaster WSI Corp. of Andover, MA.

June 2, 2008