Gas Prices Key to Future of Merchant Power Sector, Executives Say

While market “noise” and the potential long-term negative economic fallout from continued high wholesale natural gas prices shroud the merchant electric generation sector in a blanket of uncertainty, the admitted pro-coal-fired generation NRG Energy CEO, David Crane, said five-year forward wholesale gas prices in the $6-$7 range indicate liquefied natural gas (LNG) imports may not be the ultimate price-lowering savior some proponents expect.

September 28, 2005

Desperation Marks CA Power Crisis Proposals

A shroud of desperation enveloped California officials Monday, stretching from the state Capitol in Sacramento, west to San Francisco, and south to Los Angeles as regulators and a federal bankruptcy judge wrestled with the state’s electricity crisis, but with no indication of when and how the battle will end.

May 15, 2001