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EnCana Corp., North America’s largest independent, predicts that it will show 12% growth for 2003, and will achieve 10% compounded annual per-share growth — at a minimum — for several years to come.

EnCana Corp., North America’s largest independent, predicts that it will show 12% growth for 2003, and will achieve 10% compounded annual per-share growth — at a minimum — for several years to come.

Bullied by revised intermediate-term weather outlooks and feeding off a delayed reaction to supportive storage data issued Thursday, natural gas futures finished the week on a positive note as prices rallied to new two-week highs Friday.

Enron Broadband Services Content Systems LLC has signed a long-term agreement with EBWorld.com and Into Networks Inc. to deliver games on demand, the first application to launch as part of a strategic alliance between the companies. The service is scheduled to begin June 1. EBWorld.com is a subsidiary of Electronic Boutique Holdings Corp. of West Chester, PA, which operates 740 stories in 46 states and around the world. Into Networks, headquartered in Cambridge, MA, is licensing its technology to Electronics Boutique, and Enron will provide strategic, financial and operational services to Into to offer broadband customers secure access to software on a rental basis. The alliance is attempting to optimize and increase delivery of streaming applications over broadband connections using software on demand technology.

After watching prices bubble higher during the overnight Access trading session, natural gas bulls were treated to a gap higher opening Tuesday morning, as concerns over storm curtailments lingered. However, once the follow-through buying had run its course and resistance in the $3.88-90 area had held, prices shuffled lower in the afternoon. The November contract finished at $3.862, up 12.2 cents on the day, but down 2.8 cents from its high for the session.

Natural Gas Pipeline Company of America (NGPL) has extended long-term firm transportation and storage contracts with its largest customer, Northern Illinois Gas Co. (Nicor), through March 31, 2006.

American Electric Power’s (AEP) announcement last week that it plans to mothball several power plants in Texas by the end of this year is likely to be just the start of what is expected to be a “sizable economic displacement” of incumbent utility generation, a new report by a Williams Capital Group analyst concludes.

Union Gas Limited is taking bids through noon EDT Thursday (Sept. 5) for up to 3 Bcf of short-term peak storage service at its Dawn Hub in Ontario over the 2002/2003 winter season. The service is available for the Sept. 6, 2002-March 31, 2003 period. Delivery and receipt points will be at Dawn. See the Union bulletin board for details, or call Mark Bering at (519) 358-4010 for more information.

Kinder Morgan Inc. subsidiary Natural Gas Pipeline Co. of America (NGPL) has extended long-term, firm transportation and storage contracts with Northern Indiana Public Service (NIPSCO) covering 400,100 Dth/d of transportation capacity and 10.5 Bcf of storage space.