Capstone Turbine Corp., developer and manufacturer ofmicroturbine power generators, says it has successfully tested a 30kW unit that can be used at the wellhead to generate power usingsour gas.
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FERC Approves Western-KCPL Merger
Kansas City Power & Light and Western Resources successfullyreached an agreement with the FERC settling all merger-relatedissues, Western Resources said yesterday. The company also said theagreement forged between the merging parties and the MissouriPublic Service Commission staff is currently being reviewed by theMissouri commissioners. Only the Kansas Corporation Commission(KCC) approval stands in the way of the merger’s completion, thecompany said.
PacifiCorp Back to Basics Move Not Unique
The new chief executive at PacifiCorp decided the cure for thecompany’s sickly earnings is a strategy successfully attempted byother utility companies that found themselves in trouble: get backto basics.
PNGTS, Maritimes Begin Laying Pipe
Portland Natural Gas Transmission System (PNGTS) and Maritimes& Northeast Pipeline, L.L.C. (Maritimes) successfully crossedthe first major engineering hurdle in constructing their jointpipeline facilities, which represent the southernmost portion ofeach company’s pipeline system. The joint facilities eventuallywill bring more than 600 MMcf/d of Canadian gas to New Englandmarkets.
Bearish Fundamentals Catch Up to Nymex Prices
The dam supporting natural gas futures prices finally burstThursday. After successfully fighting back numerous attempts tofall below major support at $2.11 the last several weeks, the JuneNymex contract succumbed to major selling by funds yesterday, andsettled the day down 10.2 cents to $2.067. Volume was extremelyheavy, with an estimated 93,072 contracts changing hands.