Shrink

Chicago-based Peoples Energy on Monday said it has cut its workforce by approximately 410 employees in order to shrink the company’s labor-related costs.

The below-investment-grade credit ratings plaguing many energy suppliers right now have substantially shrunk the pool of natural gas suppliers that California can tap to meet the 15 Bcf annual supply needs of a coalition of major state and local government facilities, which aggregate their loads through the state General Services Department’s gas-buying program.

The below-investment-grade credit ratings plaguing many energy suppliers right now have substantially shrunk the pool of natural gas suppliers that California can tap to meet the 15 Bcf annual supply needs of a coalition of major state and local government facilities, which aggregate their loads through the state General Services Department’s gas-buying program.

Just as it seemed Georgia’s deregulated natural gas marketer list was ready to shrink by one more, the Georgia Public Service Commission said Tuesday that it has approved the application of Coweta-Fayette EMC Natural Gas Inc. to be a gas marketer. With the commission’s latest action, Georgia now has 10 certified gas marketers in the state.

The large negative basis differential in the Rocky Mountain region is likely to shrink a little over the long term given the planned increases in demand from new power generation and pipeline capacity, according to an in-depth analysis by Denver-based consulting firm Bentek Energy LLC. However, Rockies basis spreads probably will remain wide as gas supply, particularly from the Powder River and Green River basins in Wyoming and the Uintah Basin in Utah, continues to rise rapidly in response to the enormous growth of gas-fired power generation in the West.

California electricity costs and volumes in the spot market dropped dramatically in June and the first two weeks of this month, according to state officials releasing figures during a conference call last week initiated by the governor’s press secretary. The percentage of daily and hourly spot market purchases by the state has dropped to less than 10%, compared to 45% in May.

California electricity costs and volumes in the spot market dropped dramatically in June and the first two weeks of this month, according to state officials releasing figures Sunday during a conference call initiated by the governor’s press secretary. The percentage of daily and hourly spot market purchases by the state has dropped to less than 10%, compared to 45% in May.

In the short term, more players will move onto the online trading field, grabbing up customers as independents, through consortiums with other companies, or proprietarily, like Enron has done. However, though there will be a some winners in every arena in the short term, eventually, more will end up in the losing category as traders move toward the most efficient and best access sites.

In the short term, more players will move onto the onlinetrading field, grabbing up customers as independents, throughconsortiums with other companies, or proprietarily, like Enron hasdone. However, though there will be a some winners in every arenain the short term, eventually, more will end up in the losingcategory as traders move toward the most efficient and best accesssites.