Suspected

A Houston judge has frozen the assets of former executives with Rocky Mountain Energy Corp. (RMEC) after the Securities and Exchange Commission (SEC) alleged the company had illegally worked to manipulate its stock price.

As some sources had suspected, the recent buildup in air conditioning load wasn’t strong enough to sustain this week’s bull market in the wake of another big storage injection report and associated screen softness. Only small to moderate Rockies/San Juan increases went against the grain of overall market declines Thursday that were mostly between a dime and 30 cents but got as big as nearly $1.50 for California border deliveries into SoCalGas.

City officials in Hutchinson, KS continue their investigationafter a suspected leaking natural gas storage cavern caused twoexplosions in mid-January, leveling businesses and killing one manand injuring his wife.

City officials in Hutchinson, KS have moved into an”investigation and recovery stage” after a suspected leakingnatural gas storage cavern caused two explosions last week,leveling businesses and killing one man and injuring his wife. Thecavern was sealed Monday and now experts are trying to determinehow to vent a huge gas bubble still spewing through geysers allover town.

A top official with PG&E Generating last week confirmed whatsome, such as FERC, have suspected already – that the increase innatural gas demand for power generation will not be as great as hasbeen anticipated for the immediate future.

A top official with PG&E Generating this week confirmed whatsome, such as FERC, have suspected already-that the increase innatural gas demand for power generation will not be as great as hasbeen anticipated for the immediate future.

Merrillville, IN-based NiSource confirmed yesterday what someobservers have suspected for some time: that Columbia EnergyGroup’s failed bid for Consolidated Natural Gas was partly a veiledattempt to protect itself from being targeted by a buyer. NiSourceannounced that it has had an offer for Columbia on the table sinceApril 1 but has been rebuffed repeatedly and is making its hostilebid public in an effort to pressure Columbia’s board.