A month has gone by since a special commission formed by FloridaGov. Jeb Bush recommended that the state break up its monopolyutilities and pave the way for competition in the power generationmarket, but still there has been no word from the legislature.There have been signs that the state senate will move much slowerthan previously expected on electric restructuring because ofgrowing awareness of what can happen when power planning goes awry.
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CAL-ISO Sees Large Summer Supply Shortfall
If you think the power crisis this winter has been bad, waituntil the summer peak. California Independent System Operator CEOTerry Winter made a shocking presentation to the newgovernor-appointed ISO board recently, revealing the likelihood ofa massive 6,815 MW shortfall of power supply by June.
CAL-ISO Sees Large Summer Supply Shortfall
If you think the power crisis this winter has been bad, waituntil the summer peak. California Independent System Operator CEOTerry Winter made a shocking presentation to the newgovernor-appointed ISO board recently, revealing the likelihood ofa massive 6,815 MW shortfall of power supply by June.
TX Reps Want Dereg Control, OK Opts to Wait
Though they’ve been told again and again by state regulatoryofficials that a California crisis can’t happen in Texas, twoHouston lawmakers have filed legislation to expand the state’sauthority to limit electric deregulation, which begins on a pilotbasis in June. And in Oklahoma, legislators have decided topostpone deregulation for at least two years.
After the Fall, Traders Wait for Fresh Signals
After watching prices lose 9% of their value Monday, natural gastraders cooled their heels yesterday in a session in which neitherbull nor bear was able make its mark. As a result, the Marchcontract began its tenure as prompt month by inauspiciously sagging3.9 cents to close at $6.097.
TX Reps Want Dereg Control, OK Opts to Wait
Though they’ve been told again and again by state regulatoryofficials that a California crisis can’t happen in Texas, twoHouston lawmakers filed legislation last week to expand the state’sauthority to limit electric deregulation, which begins on a pilotbasis in June. And in Oklahoma, legislators have decided topostpone deregulation for at least two years.
Market Moves Higher as Traders Wait for Weather, Storage
After a lower open, natural gas futures clawed higher Tuesday astraders looked past falling physical prices to side withconstructive long-lead weather outlooks and bullish storageexpectations. The February contract gained 13 cents to close at$9.819, but the real news of the day was buying in the out-months,which enabled the 12-month strip to advance 18.1 cents to close at$6.63.
Cold Approaching Midwest, Screen Boost Most Prices
It’s been a long wait, but traders are finally seeing what theysaid was needed to spark a turnaround in a sagging gas market:genuinely substantial cold weather approaching a major market area.That and continued, albeit moderate, support from the Decemberfutures contract generated cash price increases Thursday rangingfrom a nickel or less in the Rockies and California to between anickel and about 15 cents in the Southwest, Gulf Coast,Midcontinent, Midwest and Appalachia.
House Hammers Pipe Safety, Labels Bill as Too ‘Soft’
Wait until next year. That was the message from U.S. House Democrats who derailed Senate-passed pipeline safety legislation (S. 2438) in the closing days of the 106th Congress. Opponents of the measure labeled it “soft” on safety.
House Hammers Pipe Safety, Labels Bill Too ‘Soft’
Wait until next year. That was the message from U.S. HouseDemocrats who derailed Senate-passed pipeline safety legislation(S. 2438) in the closing days of the 106th Congress. Opponents ofthe measure labeled it “soft” on safety.