Burned so badly that it subsequently got out of the gas andelectric marketing business, LG&E Energy nevertheless has urgedthe Federal Energy Regulatory Commission not to interfere with theinfant electric market by imposing price caps. The marketer, whichhad been among the largest in the business, said the price run-upin June to the neighborhood of $7,000 per MWh for gas deliveredinto Cinergy was part of the “growing pains” of an immaturecommodities market.
Supports
Articles from Supports
Power Generation Demand Supports Western, Rockies Prices
While power generation demand and constraints on El Paso in theSan Juan Basin kept Western and Rockies prices afloat, general lackof trading activity kept most other markets flat to down a coupleof cents.
July 16, 1998
INGAA Supports OCSLA Oversight in Gulf
The Interstate Natural Gas Association of America (INGAA) isexpected to file a comprehensive plan today asking FERC to exertlighter handed regulation over all pipeline facilities in the Gulfof Mexico.
July 16, 1998