Summer

House Judiciary Committee Chairman Henry J. Hyde (R-IL), whothis summer asked the Federal Trade Commission to investigatepotential price gouging in the gasoline market, has now called onthe agency to investigate whether collusion by producers may havetriggered the escalation in natural gas prices.

House Judiciary Committee Chairman Henry J. Hyde (R-IL), whothis summer asked the Federal Trade Commission to investigatepotential price gouging in the gasoline market, has now called onthe agency to investigate the escalation in natural gas prices.

National Energy Board (NEB) principals, fresh from summer tripsto Alaska, the Yukon and the Northwest Territories, are exploringways to deal with megaproject proposals for development andtransportation of northern resources.

Even in the wake of the summer’s power crisis and emergencymeasures, San Diego Gas and Electric can’t find any long-term powerpurchase deals to its liking, and, in fact, it has pulled back arequest-for-proposal it had outstanding, soliciting longer-term,fixed price contracts.

Even in the wake of the summer’s power crisis and emergencymeasures, San Diego Gas and Electric can’t find any long-term powerpurchase deals to its liking, and, in fact, it has pulled back arequest-for-proposal it had outstanding, soliciting longer-term,fixed price contracts.

Benefiting from the hot summer and increased air conditioningloads in the Southwest, Reliant Energy announced it anticipates itsthird quarter earnings to be “substantially higher” than during thesame period last year. The company expects to exceed FirstCall/Thomson Financial’s projections of $1.07 per share by 25 to30%. Reliant’s adjusted earnings for the third quarter of 1999 were$283 million, or 99 cents a share.

It is hard to imagine in California’s current summer of extremeelectricity discontent, but Southern California Gas, the nation’slargest natural gas distributor, envisions electric generationloads dropping by up to 38% over the next 20 years, according toits latest submission to the annual California Gas Report.

For the second time this summer, Canadian natural gas producershave voted with their pocketbooks to revive northern drilling andexpectations that an Arctic pipeline will be built.

For the second time this summer, Canadian natural gas producershave voted with their pocketbooks to revive northern drilling andexpectations that an Arctic pipeline will be built.