The Maryland Public Service Commission approved Potomac ElectricPower Co.’s (Pepco) plan to sell its power plants and usher incustomer choice of suppliers beginning July 1.
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Storage, Technicals Usher Futures Lower
Long liquidation, that began with local selling Wednesdayafternoon, continued yesterday at the New York Mercantile Exchangeas traders sided with bearish supply figures and ignored bullishdemand predictions. The August contract tumbled 8.5 cents to $2.309and September matched that by dropping 8.6 cents to finish at$2.333.
Storage, Cooler Weather Usher Futures Lower
Fresh news means everything in commodities trading and naturalgas traders had their choice of bearish factors to point toyesterday. The one-two combo of the storage surplus and coolerweather put sellers in the driver’s seat once again, and theyreacted swiftly Wednesday evening by pushing the market lower inthe after hours Access trading session. The July contract Thursday,tumbled 10.5 cents to finish at $2.355 in heavy trading.