Steam

Industry Briefs

An equipment problem involving steam to the main turbine at the Palo Verde Nuclear Generating Station in Arizona caused a shutdown of Unit 2, APS Generation said on Friday. The 1,270 MW unit (APS share = 380 MW) performed as designed in this situation and shut down automatically. While all of the equipment operated normally during the shutdown, the details are being investigated and it is expected that the unit will return to service early next week, APS said. Units 1 and 3 continue to operate at full power. In the meantime, APS reported that it has adequate supply to meet its customer needs. “Our reserves are sufficient to meet customer demands during the outage,” said Jim Levine, executive vice president of APS Generation. “Our customers will have the energy they need to keep their homes cool and their lights on.” APS Generation, a subsidiary of Pinnacle West Capital Corp., operates Palo Verde on behalf of the station’s six other owners.

July 16, 2001

Futures Make Solid Gains, But Lose Steam Late

A Nor’easter dumped snow from D.C. to Boston yesterday, fuelingthe bullish momentum in the gas futures pit. It also forced Nymexto close up shop an hour early and plan for a one-hour delayedopening today.

March 6, 2001

ICE’s Energy Trading is Building a Full Head of Steam

Infant online trading system Intercontinental Exchange (ICE) continues to rack up impressive results, posting over 95 Bcf of physical gas trading, along with almost 970 Bcf of financial gas trading and 40 million MWh of power dealing in its first six and a half weeks of commercial operation.

December 11, 2000

Ice Building a Full Head of Steam

Infant online trading system Intercontinental Exchange (ICE)continues to rack up impressive results, posting over 95 Bcf ofphysical gas trading, along with almost 970 Bcf of financial gastrading and 40 million MWh of power dealing in its first six and ahalf weeks of commercial operation.

December 6, 2000

SoCalGas Stunned by El Paso Capacity Shift

The Federal Energy Regulatory Commission last week told El PasoNatural Gas to continue full-steam ahead on its reallocationprocess at the Topock, AZ, delivery point into Southern Californiadespite pleas by Southern California Gas that its ratepayers couldsuffer irreparable harm from the plan.

December 4, 2000

Futures Lose Steam on Volatile Trading Day

True to form, Wednesday in the natural gas pit at Nymex had itsshare of price volatility as traders factored the latest storagedata into the market. After a relatively quiet morning, the Octobercontract exploded higher to $5.38 and then tumbled lower to $5.26between 2:00 and 2:10 p.m. As it turned out, the prices produced inthat small trading window held as the prompt month’s daily range.October finished at $5.318, down 4.5 cents for the session.

September 21, 2000

AGA Study Shows Customer Choice Trend

Customer choice in the United States is picking up steam, asevidenced in the American Gas Association’s (AGA) Energy Analysis2000 update released last month. The study follows natural gaspurchasing trends for the industrial, electric utility, commercialand residential sectors.

September 4, 2000

AGA Study Shows Customer Choice Trend

Customer choice in the United States is picking up steam, asevidenced in the American Gas Association’s (AGA) Energy Analysis2000 update released yesterday. The study follows natural gaspurchasing trends for the industrial, electric utility, commercialand residential sectors.

August 25, 2000

Market Flattens Out, Appears Poised for Retreat

This week’s cash market rally apparently was running out ofsteam Wednesday. Eastern points were mostly flat, with a fewNortheast citygates dropping about a nickel. And except forisolated San Juan Basin and Malin gains, the West ranged from flatto more than a dime lower.

August 10, 2000

Rally Loses Some Steam; July Drops a Dime

The major rally that lifted the July contract 35.5 cents to$4.398 on Monday, gave way following some selling pressure earlyTuesday morning. After reaching a high of $4.505, July tumbled 26cents to a low of $4.245, and ended the day down 10.4 cents to$4.294. Volume was heavier than on Monday with 100,223 contractschanging hands.

June 7, 2000