Mueser Questions Hebert’s Objectivity in Alabama Project

Environmental activist Anne Marie Mueser, taking her battleagainst Sonat’s northern Alabama extension one step further, hasaccused Commissioner Curt Hebert Jr. of potentially compromisinghis impartiality in the case by corresponding with the pipeline andother supporters of the project. She suggested that Hebert, whovoted for an amended certificate for the Sonat project last week,should have considered recusing himself from the case [see relatedstory].

November 2, 1998

CMS Buys Heritage, Enters Powder River

CMS Energy Corp. went on a shopping spree yesterday, taking amajor stake in one of the Rocky Mountain region’s hottest newproducing areas, the Powder River Basin, and added to its growingMidcontinent midstream asset base with the purchase of Heritage GasServices, L.L.C.

October 27, 1998

Duke Taking First LNG From Qatargas

Qatargas Liquefied Gas Co. and Duke Energy LNG Sales , a unit ofDuke Energy International, agreed for Duke to buy one cargo ofliquefied natural gas (LNG) from Qatargas.

October 7, 1998

Screen Blazes Cash Path Again, This Time Down

The screen giveth, and the screen taketh away. Wednesday was aday of taking away much of what had been given to cash prices theday before. As traders continued to play the Hurricane Georgesguessing game (will it or won’t it get close enough to the Gulf ofMexico production area to substantially impact offshore supplies?),quotes were falling across the board but mostly by lesser amountsthan they had risen on Tuesday. With a few exceptions prices werevolatile, with ranges of a dime or more seen at many points.

September 24, 1998

WA Water Power Cuts Dividend, Changes Stripes

Taking its name and direction from its unregulated subsidiary,Washington Water Power announced Monday it will be cutting itsdividend by 61% and putting the money saved into growing allaspects of its business. The aim is to grow “a bigger and strongercompany” and the second priority is speed, the company’s newchairman and CEO Tom Matthews said.

August 18, 1998

Storage Refill Sends Futures Lower

After taking Tuesday’s small gain in stride, the bears were atit again yesterday pushing the August contract to test the bottomof a descending channel that has limited movement in the contractsince July 1. However, support held and light buying ensued pushingthe contract up to close at $2.231, down 3.5 cents for the day.

July 16, 1998

Short-Covering Rally Resumes at Nymex

As if taking a cue from the professional basketball team inChicago, the bulls of natural gas were on top again last week atNymex. A short-covering rally that began Wednesday resumed Fridaysending the July contract to $2.284, a 14-cent increase for theday. Estimated volume was a robust 99,631.

June 22, 1998

California Approaches Gas Restructuring

California regulators are expected to begin taking a much closerlook next week at proposals to curb market power in the state’s gasindustry, and their decisions could rapidly accelerate convergenceof the gas and electric industries. Included among the proposals isa plan to force the state’s major utilities to divest gastransmission and storage assets and form an independent gastransmission system operator, replicating part of what was done inthe state’s power industry. California natural gas industryrestructuring proceedings are scheduled to move into overdriveduring four day-long hearings starting April 6 in San Francisco.

March 30, 1998
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