Despite Tuesday’s large opening gap and 11.8-cent collapse, theMarch contract found support in the high $2.40s yesterday andmanaged a small 1.5-cent gain to end the regular trading day at$2.530. It hit bottom at $2.465 and reached a high for the day of$2.545. April was down 0.3 cents to $2.541, and nearly all of theremaining months were unchanged from the day prior.
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Articles from Daily GPI
Hebert Urges FERC to OK Northeast Pipe Projects
In the wake of the price spikes in heating oil, CommissionerCurt Hebert Jr. yesterday called on his FERC colleagues tocertificate the Northeast-bound gas pipeline projects that havebeen stalled at the Commission to reduce the region’s historicdependence on the higher priced heating fuel.
February 24, 2000
FGT Expansion OK’d Without Duke Plant Link
Florida Gas Transmission received the go-ahead for constructionof its Phase IV expansion to serve investor-owned utilities (IOUs)and industrials in Florida, minus capacity that would have servedthe state’s first merchant power plant.
February 24, 2000
ANR’s WI Expansion Gets FERC Nod
The Federal Energy Regulatory Commission yesterday awarded ANRPipeline a certificate to build a scaled-back expansion of itsmainline system between the Joliet, IL, hub and the market areas insouthwestern Wisconsin.
February 24, 2000
Price Drops Smaller in West, Much Bigger in Northeast
That softening that everybody was expecting in vain since thestart of last week finally showed up to start off this week. Mostdeclines were in the neighborhood of a dime but generally were lessthan that in the West, especially California, and much greater thanthat at Northeast citygates.
February 23, 2000
With Spring Fever March Wanders Off Small Cliff
The March contract wandered off a small cliff yesterday whileentering its final week on the board, as spring fever apparentlyreached the Nymex gas pit. The March contract opened with a hugegap lower to $2.555 before cascading down a total of 11.8 cents forthe day and closing at $2.515, slightly above its $2.490 low. TheApril contract closed down 10.6 cents to $2.544, and May dropped 9cents to $2.564.
February 23, 2000
Reliant Buys Into PJM Power
Reliant Energy agreed to pay Sithe Energies $2.1 billion in cashfor 21 power plants in Pennsylvania, New Jersey and Maryland (PJM)with 4,276 MW of net generating capacity.
February 23, 2000
LG&E to Cut 250 Jobs, Streamline Merged Utility Divisions
LG&E Energy said yesterday it plans to reduce its5,500-employee workforce by 250 positions (5%) over the next fewmonths in an effort to streamline and further integrate its twoutility operations, Louisville Gas and Electric and KentuckyUtilities. Enhanced early retirement and severance programs will beoffered to company employees to achieve the reduction. The companyhopes to achieve these reductions through voluntary means and willuse involuntary separation only as a last resort.
February 23, 2000
DTE Bows Out of NJ and PA Residential Markets
DTE Energy Co. announced earlier this week that it is closing upshop on its residential and small commercial marketing efforts, atleast for the time being. The Detroit, MI-based company’sderegulated energy marketing company, DTE Edison America, said itwill halt operations in New Jersey and Pennsylvania in May,effectively withdrawing DTE Energy from all deregulated massmarketing efforts.
February 23, 2000
Maritimes’ P.E.I. Seeks Gas Distribution System
Prince Edward Island, a popular vacation spot off the northerncoasts of New Brunswick and Nova Scotia, is looking to get on boardthe natural gas express line running from Sable Island through theCanadian Maritimes provinces.
February 23, 2000
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