The cash market came to a near-standstill at mid-morning Tuesday as a result of the terrorist attacks on New York City’s World Trade Center, the Pentagon and other sites (see related story). Virtually all trading operations sent employees home early, while pipelines and utilities kept only those personnel essential for critical operations on duty.
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Articles from Standstill
CPUC To Vote on Rate Hike; Utility Stocks Rise
With legislative action at a standstill, the California PublicUtilities Commission (CPUC) may pick up the ball and run with it.CPUC President Loretta Lynch said Monday the commission will votetoday on a 30% electric retail rate increase (3 cents/kWh) goingforward and three other measures designed to stabilize thecash-strapped investor-owned utilities and assure power supplieswill continue to flow.
March 27, 2001
Prices Flat as Traders Await New Influences
The cash market arrested the slide that had been developingTuesday by coming to a near-standstill in price movement Wednesday.Only a few points ranged any further than a penny or so to eitherside of flat.
April 6, 2000
Cash Emulates Flat Screen Amid Moderate Weather
Much like futures, swing price movement came to a nearstandstill Tuesday. Small declines of mostly less than 4 centstended to outweigh the few small scattered gains, but the overalleffect was pancake-like. Few areas were any more than moderatelychilly, and even the Upper Plains, where most Arctic cold frontsstart spreading into the U.S., was seeing temperatures in the 70s.Forecasters reported an absolutely featureless Atlantic stormoutlook.
October 27, 1999
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