Temporary

Riding a temporary price break in the Rockies, Oregon expects natural gas prices to remain stable for the year, according to reports from the major gas industry players in the Northwest. They gave projections to the Oregon Public Utility Commission (PUC) at a workshop last week in Salem, OR.

Riding a temporary price break in the Rockies, Oregon expects natural gas prices to remain stable for the year, according to reports Tuesday from the major gas industry players in the Northwest. They gave projections to the Oregon Pubic Utility Commission (PUC) at an afternoon workshop in Salem, OR.

Last year the United States experienced a temporary respite from the devastating hurricanes that swept through Florida and the Gulf Coast in 2005, but the trend toward violent storms is still in place. AccuWeather.com Hurricane Center Chief Forecaster Joe Bastardi warns that the U.S. Gulf Coast, which avoided the wrath of major storms and hurricanes in 2006, is at much higher risk of destructive tropical weather this year. And in the Atlantic, the Northeast also could suffer some hits.

Last year the United States experienced a temporary respite from the devastating hurricanes that swept through Florida and the Gulf Coast in 2005, but the trend toward violent storms is still in place. AccuWeather.com Hurricane Center Chief Forecaster Joe Bastardi warns that the U.S. Gulf Coast, which avoided the wrath of major storms and hurricanes in 2006, is at much higher risk of destructive tropical weather this year. And in the Atlantic, the Northeast also could suffer some hits.

The Virginia Supreme Court has vacated a lower court’s temporary injunction barring producer GeoMet Inc. from completing an interconnect to attach its Appalachian Basin coal seam gas production to East Tennessee Natural Gas LLC’s Jewel Ridge lateral, the company said.

After receiving a temporary boost when the Energy Information Administration (EIA) reported that 71 Bcf was removed from underground natural gas storage last week, January natural gas futures sunk lower, recording a new low for the move of $6.600 before rebounding to settle at $6.800, up 3.1 cents on the day.

Discarding the temporary Gas SpinCo Inc. moniker, Charlotte, NC-based Duke Energy announced last week that its existing natural gas business will be called Spectra Energy Corp. when the operations become a stand-alone, publicly traded company, which is still targeted to take place Jan. 1, 2007.

Discarding the temporary Gas SpinCo Inc. moniker, Charlotte, NC-based Duke Energy announced Monday that its existing natural gas business will be called Spectra Energy Corp. when the operations become a stand-alone, publicly traded company, which is still targeted to take place Jan. 1, 2007.

Citing the above-normal natural gas inventory levels this year, Columbia Gas Transmission Corp. is seeking authorization to increase on a temporary basis the maximum volume of gas in storage in 11 of its storage fields above the amount currently certificated by FERC.