Traders’ opinions have varied as to the direction the futuresmarket would take this week, and so it came as no surprise Mondaywhen it tested both the upside and the downside in early trading.But, when selling dried up below the $2.10 level, the Novembercontract was free to migrate higher to settle at $2.143.
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Weatherproofing Offers to Even Out Natural Gas Bills
In this uncertain world Pittsburgh-based Weatherwise USA isoffering to eliminate one weather-related stress factor – that ofskyrocketing gas heating and cooling bills. The WeatherwiseWeatherProof Bills program claims to be the first to offer afixed-price gas service that eliminates weather- and gasprice-related uncertainty for individual consumers.
Weatherproofing for Natural Gas Bills
In this uncertain world Pittsburgh-based Weatherwise USA isoffering to eliminate one weather-related stress factor-that ofskyrocketing gas heating and cooling bills. The WeatherwiseWeatherProof Bills (sm) program claims to be the first to offer afixed price gas service that eliminates weather- and gasprice-related uncertainty for individual consumers.
Changing Market Drove Shell to Midstream Gas
Shell Oil has become a significant player in the midstream gasbusiness, but this wasn’t always so. While the company heldmidstream gas assets, they were operated as an adjunct to its oilbusiness. That was until deregulation and new market entrantssuggested to Shell it ought to get into the midstream.
Biegler Touts Emerging Energy Technologies
The distributed power movement got a boost from American GasAssociation (AGA) Chairman David Biegler this week from remarksmade at the 17th Congress of the World Energy Council (WEC) inHouston. “Distributed power is attractive to consumers, especiallyin facilities like manufacturing plants, laundries and hospitalsthat need both electric power and thermal energy,” said Biegler,CEO of Texas Utilities. “It can cut costs, provide waste heat foron-site use and improve power quality and reliability.” Hepredicted distributed power could provide as much as 50 gigawattsof power by 2015, compared to less than 2 GW today.
New Jersey Resources Gets Nod to Fully Unbundle System
The New Jersey Board of Public Utilities (BPU) earlier this weekapproved a comprehensive agreement with New Jersey Resources (NJR),parent of New Jersey Natural Gas (NJNG), that would put it on afast-track to provide supplier choice to its residential customersby Jan. 1.
Nevada Utility Offering ‘Simple Choice’ to Customers
Reno, NV, utility Sierra Pacific said beginning this month, itwill offer customers Simple Choice, a package of energy andinfotainment products and services for the home paid for on onebill.
Natural’s Negotiated-Rate Plan ‘Premature’
FERC earlier this week rejected Natural Gas Pipeline Company ofAmerica’s (NGPL) proposal to implement negotiated rates on itssystem, saying that such a move would be “premature” until it couldact on the pipeline’s proposed auction procedures that are pendingas part of a comprehensive settlement.
Amern Energy Off to Soaring Start
Ameren Energy started its electric and gas trading business offon the right foot this summer, getting into the market just in timeto make a small killing when electric prices spiked in the Midwestduring the last week in June. The company started out with just afraction of the personnel it expects to have on board by the end ofthe year.
GRI Forecasts a 25% Drop in Power Prices by 2015
Although the power industry has been rocked by sharp pricerun-ups this summer, average real electricity prices are projectedto drop by more than 25% by 2015 largely due to improvedefficiencies and cost reductions brought about by electricityrestructuring, the Gas Research Institute (GRI) said in a new studyissued yesterday.