Although Friday’s price declines were neither universal nor as severe as those on some Fridays earlier in October, Monday’s market did match up with a couple of predecessors in seeing large rebounds across the board. Gains were as small as about 35 cents, but a big majority were half a dollar or more and ran as high as a little more than 90 cents at the PG&E citygate.
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Utility Earnings Expected to Slip on Mild Weather, Light Loads
Quarterly utility earnings are expected to be weak for both gas and electric companies except for those with significant oil and gas exploration and production (E&P) operations or energy marketing and trading that could have benefited from high and volatile commodity prices, according to analysts at Merrill Lynch.
October 20, 2004
Stockholders Approve Kerr-McGee, Westport Resources Marriage
Offshore pioneer Kerr-McGee Corp. said its stockholders and those of Denver-based Westport Resources Corp. on Friday overwhelmingly approved the merger of the companies during special meetings of each company.
June 28, 2004
Stockholders Approve Kerr-McGee, Westport Resources Marriage
Offshore pioneer Kerr-McGee Corp. said its stockholders and those of Denver-based Westport Resources Corp. on Friday overwhelmingly approved the merger of the companies during special meetings of each company.
June 28, 2004
Four-Day Streak of Rising Prices Comes to an End
Those who suspected Thursday that the week’s upward price momentum was starting to fade go to the head of the class. After four straight days of rising quotes at nearly all points, softness set in Friday across the board. Declines ranged from about a nickel to a quarter, with a majority being in the teens.
April 5, 2004
Pacific Northwest Study: Gas Pipelines Cheaper to Build Than Power Lines
Capital costs to construct natural gas pipelines are about half of those required to build electric transmission wires, according to a joint study by the Bonneville Power Administration (BPA) and the Northwest Gas Association (NGA). Gas pipes also have lower costs per energy unit delivered and total annual costs, it said.
February 16, 2004
Pacific Northwest Study: Construction, Annual Costs for Gas Pipes About Half Power Line Costs
The capital costs to construct natural gas pipelines are about half of those required to build electric transmission wires, according to a joint study by the Bonneville Power Administration (BPA) and the Northwest Gas Association (NGA). Gas pipes have lower costs per energy unit delivered and total annual costs as well, it said.
February 11, 2004
S&P: High ’03 Power Prices Don’t Signal End to Generation Glut
Don’t let the high wholesale power prices seen in U.S. merchant power markets last year fool you. Those high power prices “by no means imply that there is a shortage of generation capacity,” Standard & Poor’s (S&P) said in a report issued Thursday.
January 19, 2004
People
BP Canada Energy Co. has appointed Brian E. Frank to the position of president and CEO, marking the first time a Canadian has been appointed to those positions within the company. He succeeds Dennis Roemmich, who is retiring. BP said that during his 20 years of energy industry experience, including the past eight years with BP Canada and its predecessor company Amoco Canada, Frank led the formation of Canada’s foremost natural gas and power marketing and trading entity.
November 5, 2003
Wood Suggests Energy Bill Provision Could Speed Project Construction
Those advocating a fast track for approval of infrastructure projects should get their message through to energy bill conferees, FERC Chairman Pat Wood said last Tuesday, noting that energy legislation only “comes around one time in about 10 years.”
October 20, 2003
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