Raymond James & Associates Equity Research group warnedclients this week a return to normal temperatures this winter couldbring a greater gas market surprise than expected. Winterconsumption spikes over the past two winters have trended downward,but that was because winter 1996/97 was nearly 5% warmer thannormal and last winter was nearly 9% warmer than normal, the firmnoted. Normal weather likely will bring a significant increase inconsumption and with it a significant increase in gas prices thiswinter compared to last.
Warned
Articles from Warned
FERC Warned Against Underestimating Pipe Monopolies
A regulatory expert last week called on FERC to impose amoratorium on awarding market-based rates for primarytransportation capacity due to the expected continued “monopoly”nature of major interstate pipelines.
October 12, 1998
MCN Expects Earnings Won’t Meet Estimates
MCN Energy Group warned investors Friday it’s not likely to meetanalysts’ 1998 and 1999 earnings expectations of $1.64/share and$2.02/share, respectively, and reiterated its plan to sell itsexploration and production business, which includes more than 1.3Tcf of proved reserves, making the company among the top 20 largestindependent producers in the nation.
August 31, 1998
Trouble Looms for DOE Nominee in Senate
Republican members of the Senate Energy and Natural ResourcesCommittee Wednesday warned Energy Secretary nominee Bill Richardsonhis nomination could face an indefinite delay when it reaches theSenate floor unless the Clinton administration makes concessions onthe controversial issue of nuclear-waste storage. Democrat members,on the other hand, vowed to fight against any efforts to block thenomination.
July 23, 1998
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