While heavy snows forced cancellation of workshops for another utility’s rate case, the three members of the Idaho Public Utilities Commission (PUC) huddled in Boise Tuesday and approved a 4.7% rate decrease for Spokane, WA-based Avista Utilities’ 72,000 retail natural gas customers in northern and north-central Idaho.
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Futures Stabilize After 3-Day Price Rout
Despite warming temperatures that already had begun the processof melting snows from Monday’s Nor’easter, the futures market wasable to arrest a further meltdown of its own Tuesday as buyers andsellers were evenly matched. In fact, Tuesday’s price action was soorderly, that not only did the market etch an inside day with highsand lows within Monday’s, but also posted an identical $1.717settlement price. And although some bulls were somewhat reluctantto claim the day as a victory, others viewed the market’s abilityto hold ground following the 25-cent price slide since lastWednesday as promising.
March 17, 1999
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