Wave

As another company in the industry riding the favorable commodity price wave, Amerada Hess reported Wednesday its unaudited fourth quarter profits more than doubled, hitting $229 million, or $2.22/share, compared with $68 million, or 71 cents/share, for the same period at the end of 2003. Revenues for the quarter were $4.6 billion, compared to $3.6 billion for the same period a year earlier.

The recent wave of asset purchases within the merchant generation sector by private equity firms are at dramatically higher discount rates than those previously seen within the sector and are betting on a recovery in the electric power market, according to a study recently released by Global Energy Decisions LLC.

Riding a wave of positive news that has buoyed its share price and improved the long-term outlook, Williams on Thursday reiterated its growing stability from high natural gas prices, which in turn has benefited all of its gas businesses and its rebounding power business.

Riding a wave of positive news that has buoyed its share price and improved the long-term outlook, Williams on Thursday reiterated its growing stability from high natural gas prices, which in turn has benefited all of its gas businesses and its rebounding power business.

Riding a wave of positive news that has buoyed its share price and improved the long-term outlook, Williams on Thursday reiterated its growing stability from high natural gas prices, which in turn has benefited all of its gas businesses and its rebounding power business.

TXU Power announced Friday that it will reduce its operating gas-fired power generation fleet in Texas by 25% through another wave of power plant closings. The company said it would mothball eight older and inefficient natural gas-fired plants, representing about 2,516 MW of generating capacity.

TXU Power announced Friday that it will reduce its operating gas-fired power generation fleet in Texas by 25% through another wave of power plant closings. The company said it would mothball eight older and inefficient natural gas-fired plants, representing about 2,516 MW of generating capacity.

TXU Power announced Friday that it will reduce its operating gas-fired power generation fleet in Texas by 25% through another wave of power plant closings. The company said it would mothball eight older and inefficient natural gas-fired plants, representing about 2,516 MW of generating capacity.

Canadian producers are signaling the Mackenzie Gas Project will trigger a wave of northern exploration and supply development if the pipeline proposal can be steered past aboriginal land-claims and into construction.