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After January natural gas futures failed to stay below the psychological $7 level on Tuesday, traders made sure the move to sub-$7 levels stuck on Wednesday. The contract spiraled to a low of $6.760 before settling at $6.769, down a significant 31.4 cents on the day.

High line pack exists on Kern River’s entire system. Shippers and operators were asked by the pipeline Monday to stay on rate.

Reflecting the continuing race in California to stay out front on energy efficiency through massive ratepayer-funded programs, Sempra Energy’s Southern California Gas Co. Tuesday announced it has recently signed contracts totaling $26 million with outside providers to expand residential and small business energy efficiency programs through 2008.

Reflecting the continuing race in California to stay out front on energy efficiency through massive ratepayer-funded programs, Sempra Energy’s Southern California Gas Co. Tuesday announced it has recently signed contracts totaling $26 million with outside providers to expand residential and small business energy efficiency programs through 2008.

Hotter temperatures year-round could be here to stay, according to a new report on global temperatures by a National Research Council committee. The council said there is “sufficient evidence” from tree rings, boreholes, retreating glaciers, and other “proxies” of past surface temperatures to say with a high level of confidence that the last few decades of the 20th century were warmer than any comparable period in the last 400 years.

KeySpan Corp. confirmed Friday it is in talks with various parties that could lead to its acquisition, but said it would likely stay mum on any developments until its board either approves a deal or terminates discussions.

After repeated attempts over the last week to break below and stay below the $12.70 support area, November natural gas on Tuesday went in the opposite direction instead. Going against current fundamental indicators, the prompt month soared to a high of $14.375 before settling at $14.338, a level $1.334 higher than Monday’s settle. November natural gas expires Thursday.

Energy Secretary Spencer Abraham last week turned in his resignation to President Bush, saying he will stay on until his successor has been installed.

Energy Secretary Spencer Abraham has tendered his resignation to President Bush, saying he will stay on until his successor has been installed.