Similar

A recent downgrade of Wachovia Bank NA won’t affect the rating and outlook on a Northern California city’s prepaid natural gas supply deal that is similar to other long-term supply arrangements that public-sector electric utilities in the state have signed in the past two years. Roseville Natural Gas Financing Authority keeps its “A” rating and stable outlook on $209.4 million in 2007A bonds, according to Standard & Poor’s Ratings Services (S&P).

The natural gas futures market was abuzz last week over an analyst’s comments that growth in the United States Natural Gas Fund (UNG) might be responsible for the rebound in prices over the last month despite the lack of supportive fundamentals. While some analysts were claiming that the exchange-traded fund (ETF) might be cornering the market because it allegedly is holding title to as much as 80% of the June contract’s open interest on the New York Mercantile Exchange (Nymex), other analysts and traders were less convinced the story, and/or the percentage, could be true.

After warding off the March contract in its last week of trading, psychological support at $4 proved to be a similar Achilles heel for April futures bears on Friday. The contract traded below that price level for most of the morning before rallying in the afternoon to close at $4.198, up 12.1 cents from Thursday and 16.2 cents higher than the previous week’s finish.

In a plan that sounds similar to the shelved Picacho Pipeline proposal, Casper, WY-based Western Energy LLC said it plans to construct a $2.6 billion, 1 Bcf/d natural gas pipeline that would run from the Waha Hub in West Texas through New Mexico and Arizona, ending at the Colorado River.

In a plan that sounds similar to the shelved Picacho Pipeline proposal, Casper, WY-based Western Energy LLC said this week it plans to construct a $2.6 billion, 1 Bcf/d natural gas pipeline that would run from the Waha Hub in West Texas through New Mexico and Arizona and ending at the Colorado River.

Home energy reports that allow households to compare natural gas and electricity use with other similar homes in their neighborhood are getting a push as a first-of-its-kind service in the Pacific Northwest, according to Bellevue, WA-based Puget Sound Energy (PSE). The pilot in King County, WA, involving 40,000 households allows residential customers to figure out ways to save energy and money.

Raising similar procedural arguments, Oregon and Washington have asked FERC to rehear its approval of NorthernStar Natural Gas’ Bradwood Landing liquefied natural gas (LNG) terminal along the Columbia River in Oregon. Two other parties also joined the chorus asking for reconsideration of the Sept. 18 conditioned federal approval.

Oregon — raising similar procedural arguments as the state of Washington — has asked FERC to rehear its approval of NorthernStar Natural Gas’ Bradwood Landing liquefied natural gas (LNG) terminal along the Columbia River in Oregon. Two other parties also joined the chorus asking for reconsideration of the Sept. 18 conditioned federal approval.

The country is confronting economic and energy challenges that are similar to those faced three decades ago during the Iranian crisis, said the head of the American Petroleum Institute (API).