By a quirk of political fate, made possible by a national difference in resource ownership, consumers in Alberta, the chief Canadian producing province, will pay less for natural gas in January than they did in December — and pocket the savings because wholesale prices went up across North America.
Shields
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Southern Shields Itself From Possible Dynegy Power Deal Defaults
Southern Co. has taken steps to shield itself in the event that financially shaky Dynegy Inc. defaults under power supply contracts it has entered into with Southern, Gale Klappa, the electric utility’s chief financial officer, told a gathering of investment professionals last Wednesday.
March 17, 2003
Technical Support Shields March Futures
Natural gas futures trading at the New York Mercantile Exchangestarted the week slightly on the down side Monday, as bearishfundamentals once again set the tone for a weaker trading session.The March Futures contract opened down 4.2 cents from Friday’ssettle, and continued the day trading in a tight 5-cent range toclose down 3.3 cents at $1.744. “As far as fundamentals areconcerned, the outlook looks bearish for this contract,” one tradersaid. “You have extremely mild weather and no support at Nymex and,certainly, storage numbers are still significant.”
February 2, 1999
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