Struggling

The shares of struggling NUI Corp. tumbled 18% Friday to $12.80 after the company suspended its dividend because of the new terms of amended credit agreements with lenders.

The shares of struggling NUI Corp. tumbled 18% Friday to $12.80 after the company suspended its dividend because of the new terms of amended credit agreements with lenders.

After more than a year delay because of the struggling merchant energy business, SGR Holdings said its 12 Bcf Southern Pines Energy Center is back on track and subsidiary, SG Resources Mississippi LLC (SGRM) plans to proceed with construction of the high deliverability storage project in Greene County, MS, with service starting in 2006.

After more than a year delay because of the struggling merchant energy business, SGR Holdings said its 12 Bcf Southern Pines Energy Center is back on track and subsidiary, SG Resources Mississippi LLC (SGRM) plans to proceed with construction of the high deliverability storage project in Greene County, MS, with service starting in 2006.

After struggling for more than a year to sell Portland General Electric (PGE), Enron Corp. finally reached a $2.35 billion deal, including the assumption of $1.1 billion in debt, last Tuesday with a new company funded by a private investment group and run by local business and community leaders.

After struggling for more than a year to sell Portland General Electric (PGE), Enron Corp. finally reached a $2.35 billion deal, including the assumption of $1.1 billion in debt, Tuesday with a new company funded by a private investment group and run by local business and community leaders.

The cash market finally found the burden of struggling higher with little visible means of fundamental support too much to bear Thursday, resulting in across-the-board retreats ranging from about a nickel to a little more than 15 cents.

Energy America, Centrica’s U.S. retail gas marketing subsidiary, is calling it quits in the Georgia retail gas market after struggling to build its customer base there last year and then being hit with a fine and other penalties last month by the Georgia Public Service Commission (PSC) for slamming.

Trying to tap one of its most valuable assets to improve its still struggling balance sheet, San Jose, CA-based Calpine Corp. announced Wednesday it plans to establish a new trust centered on its oil/natural gas reserves in western Canada. The company said it has filed a preliminary prospectus with the provincial securities commissions in Canada to form Calpine Natural Gas Trust (CNG Trust).