Warns

London-based BP plc Tuesday reported that net income nearly doubled in the third quarter on the back of soaring commodity prices. However, the major warned that its capital spending budget is taking a hit from higher oil field service costs and a weaker dollar, which may put a damper on spending in the next year.

London-based BP plc Tuesday reported that net income nearly doubled in the third quarter on the back of soaring commodity prices. However, the major warned that its capital spending budget is taking a hit from higher oil field service costs and a weaker dollar, which may put a damper on spending in the next year.

A reduction in generating resources, resulting from potential risk factors such as an aging number of power plants, environmental regulations, as well as financial uncertainty in the market, could bring about deficit electricity conditions in certain areas of New England within the next two to four years, ISO New England (ISO-NE) said on Thursday.

It might be smart to get out the heating blankets a little early this winter, according to AccuWeather.com meteorologists, who are predicting winter could get an early start in the Great Plains, Great Lakes and Northeast as below-normal temperatures are forecasted for the period October through December. The State College, PA-based forecasting agency predicted the potential early start to winter in its latest 30 to 90-day forecast.

It might be smart to get out the heating blankets a little early this winter, according to AccuWeather.com meteorologists, who are predicting winter could get an early start in the Great Plains, Great Lakes and Northeast as below-normal temperatures are forecasted for the period October through December. The State College, PA-based forecasting agency predicted the potential early start to winter in its latest 30 to 90-day forecast.

The imposition of mandatory reporting of natural gas prices would cause producers and end-users to cut their fixed price trading, undermining liquidity and the price indexes that are relied on by 92% of the market, industry leaders told FERC Friday.

The imposition of mandatory reporting of natural gas prices would cause producers and end-users to cut their fixed price trading, undermining liquidity and the price indexes that are relied on by 92% of the market, industry leaders told FERC Friday.

Standard & Poor’s said last week that while it is certainly “disturbing” news that Nicor Inc. will pay $38.5 million to settle a class action lawsuit and may face a civil lawsuit from the Securities and Exchange Commission for fraud and securies law violations, Nicor’s financial condition is “so extraordinarily robust that the ratings could withstand additional financial penalties.

Standard & Poor’s said Monday that while it is certainly “disturbing” news that Nicor Inc. will pay $38.5 million to settle a class action lawsuit and may face a civil lawsuit from the Securities and Exchange Commission for fraud and securies law violations, Nicor’s financial condition is “so extraordinarily robust that the ratings could withstand additional financial penalties.