Anadarko Petroleum Corp.’s Third Creek midstream gathering system in Colorado, which provides service for about 30 natural gas producers, has been taken permanently out of service following an assessment.
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High Gas Prices, Market Conditions Force Scotian Business to Shutter
High natural gas prices and challenging market conditions have forced a Nova Scotia wallboard company to shutter for a month.
TXU Energy to Shutter Eight Power Plants, Mothball Another Four
TXU last week said that its TXU Energy subsidiary will retire eight power plant units due to electric industry market conditions in Texas and will also temporarily close four other units and place them under evaluation for retirement. The 12 units represent a total of 1,471 MW, or more than 13% of TXU Energy’s gas-fired generation capacity in Texas.
The Great Shakeout: Disclosure, New Trading Limits, Smaller Operations Predicted
The revelations last week that Aquila Inc. will soon shutter its merchant services unit and that Dynegy Inc. stopped its online trading business were not nearly as surprising as one industry veteran had expected. Referring to this time as “the Great Shakeout,” energy consultant Ben Schlesinger said a year from now, “those who don’t want to be in this business won’t be in it, and those who are good and really want to be in this business, will be.”