As much as CMS Energy Corp. might wish it to be true, the rumorthat Dynegy Corp. may acquire it just doesn’t fit the profile ofwhat the energy marketer has been on a path to do recently,according to a Houston financial analyst who currently tracksDynegy for investors.
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Hurricane Hype on Hold, Monday is True to Form
Breaking its string of days with advances at nine, the naturalgas futures market sifted lower yesterday as traders learned that atropical storm they had been watching on Friday would likely not bea threat to gas production in the Gulf of Mexico. The prompt monthtook the news on the chin, tumbling 15.7 cents to finish at $4.318.Estimated volume confirmed the move, with 37,472 contracts changinghands.
Reliant Continues Buying Spree Across Country
Three years ago, Reliant Energy was a Texas-based,Texas-centered utility, but that’s no longer true. On Friday, theHouston-based utility improved its presence in the mid-Atlanticregion, completing a $2.1 billion acquisition from Sithe Energiesof 21 power plants in Pennsylvania, New Jersey and Maryland (PJM).The facilities together total 4,276 MW of net generating capacity,and bring Reliant’s domestic generating capacity to 23 MMW.
Reliant Continues Buying Spree Across Country
Three years ago, Reliant Energy was a Texas-based,Texas-centered utility, but that’s no longer true. On Friday, theHouston-based utility improved its presence in the Mid-Atlanticregion, completing a $2.1 billion acquisition from Sithe Energiesof 21 power plants in Pennsylvania, New Jersey and Maryland (PJM).The facilities together total 4,276 MW of net generating capacityand bring Reliant’s domestic generating capacity to 23,000 MW.
Questar Starts Large, Long Term Production Program
If Questar’s predictions concerning its Pinedale Anticline fieldhold true, then the Utah-based company is about to embark on one ofthe most significant exploration and production projects in itshistory. Although some drilling has already taken place at theSublette County, WY, field, Questar is preparing to launch amassive drilling program aimed at cultivating the projected 3 Tcfthe field holds.
Questar’s Production Eggs Lie in One Basket
If Questar’s predictions concerning its Pinedale Anticline fieldhold true, then the Utah-based company is about to embark on one ofthe most significant exploration and production projects in the itshistory. Although some drilling has already taken place at theSublette County, WY, field, Questar is preparing to launch amassive drilling program aimed at cultivating the projected 3 Tcfthe field holds.