Wednesday’s biggest price gains of up to 20 cents or so were concentrated in the West, but most of the market was limited to performances of flat to up a little more than a dime. Traders were looking beyond current mild conditions expected to prevail into Thursday in most areas, a marketer said, and instead focused on forecasts of significantly colder weather going into the weekend.
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MMS Finalizes Lease Sale, Includes NaKika Platform Block
The Minerals Management Service has issued a final notice for its upcoming Lease sale 185, encompassing 4,460 available blocks in the Central Gulf of Mexico Outer Continental Shelf planning area offshore Louisiana, Mississippi, and Alabama. The sale is scheduled for March 19 at the Hyatt Regency Conference Center in New Orleans.
MMS Finalizes Lease Sale, Includes NaKika Platform Block
The Minerals Management Service has issued a final notice for its upcoming Lease sale 185, encompassing 4,460 available blocks in the Central Gulf of Mexico Outer Continental Shelf planning area offshore Louisiana, Mississippi, and Alabama. The sale is scheduled for March 19 at the Hyatt Regency Conference Center in New Orleans.
PG&E SEC Filing Foreshadows Upcoming Earnings Hit, or Chapter 11 for NEG
San Francisco-based PG&E Corp. reiterated it expected lenders to its merchant energy unit will continue to forbear the continuing defaults by its multi-billion-dollar nonutility businesses, but if push comes to shove, a bankruptcy filing or charges against last quarter or 2003 earnings eventually could be needed, the energy holding company said in a filing last week with the Securities and Exchange Commission.
PG&E SEC Filing Foreshadows Upcoming Earnings Hit, or Chapter 11 for NEG
San Francisco-based PG&E Corp. reiterated it expected lenders to its merchant energy unit will continue to forbear the continuing defaults by its multi-billion-dollar nonutility businesses, but if push comes to shove, a bankruptcy filing or charges against last quarter or 2003 earnings eventually could be needed, the energy holding company said in a filing Monday with the Securities and Exchange Commission.
Raymond James Says Odds Against Another Warm Winter
The “statistical odds” of the upcoming winter heating season being as warm as the two prior winters “are about as good as winning the lottery,” said an analyst with Raymond James & Associates Inc. (RJA) last week, responding to investor-critics who insist that RJA’s earlier projections of a possible gas shortage and higher gas prices could unravel in the midst of unseasonably high temperatures this winter.
Raymond James Says Odds Against Another Warm Winter
The “statistical odds” of the upcoming winter heating season being as warm as the two prior winters “are about as good as winning the lottery,” says an analyst with Raymond James & Associates Inc. (RJA), responding to investors-critics who insist that RJA’s earlier projections of a possible gas shortage and higher gas prices could unravel in the midst of unseasonably high temperatures this winter.
Avista Asks Idaho Regulators to Lower Natural Gas Rates
Banking on wholesale natural gas prices to be lower in the upcoming winter heating season, Avista Corp.’s utilities last week asked Idaho regulators to decrease natural gas rates for its 59,000 customers in the state by an average of 15.5%, effective Nov. 1. It would be the first decrease for Avista gas utility customers in the state since 1997, following six rate increases that collectively more than doubled the average bill for residential customers over the period.
WSI Sees Continuing Above Normal Temperatures, But Early Start to Winter
Weather Services International (WSI) sees a continuation of above normal heat for the upcoming three months for much of the United States, including the East, the Southwest, Pacific Northwest, California and the Rockies, while cooler than normal temperatures are forecast for the Midcontinent, Midwest and Great Lakes states (e.g., Minneapolis, Chicago, Kansas City, Dallas and Houston).
WSI Sees Continuing Above Normal Temperatures, But Early Start to Winter
Weather Services International (WSI) sees a continuation of above normal heat for the upcoming three months for much of the United States, including the East, the Southwest, Pacific Northwest, California and the Rockies, while cooler than normal temperatures are forecast for the Midcontinent, Midwest and Great Lakes states (e.g., Minneapolis, Chicago, Kansas City, Dallas and Houston).