Pacific Gas and Electric Co. (PG&E) on Monday filed a final report on its reclassification of its pipelines, but it said validating operating pressures will take more time. As result of the latest effort, nearly 10% of the utility’s natural gas transmission pipelines (544 miles, or 2,837 segments) had classifications changed.
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All Points Succumb to Screen Dive, Milder Weather
The market finally had to acknowledge the fact that its large gains that dominated the first three trading days of the week lacked validating support from generally moderate weather fundamentals. Also feeling highly negative guidance from previous day’s futures loss of 27.6 cents, cash prices fell by double-digit amounts across the board Thursday.
November 20, 2009
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