Archives for July 2003

On the chart, you can see the first two weeks in December when the 12-month strip went from $4 to around $4.60. That's the move that broke our backs. Now the strip is breaking below $5. We still have a long way to go to get back to our old target: 50¢/therm delivered. ... Read More

Our friend, the gallant and perspicacious John Righeimer is on the scoreboard at Energy Pulse. Keep an eye out for him. ... Read More

Ken Silverstein tells part of the EPRI story, and it isn't pretty. Revenues over the last 10 years are down 50%. Ken seems to think it's because member utilities don't want to pay the freight anymore, but I think there aren't as many members to soak as there used to be. It's probably true that ... Read More

Y'all come see us at Elaton! ... Read More

This item from Enerfax. Check Bank of America for a press release. The market for derivatives today seems to be users, not investors. If and when investors jump in, the cost of using derivatives should fall within range of ordinary commercial and industrial energy users. This is a development to ... Read More

Ripped from the Enerfax Daily wrap-up, more evidence of the power surplus in and around MAIN: IPP Seeks Buyers for Power from New Plants EnviroPower has been unsuccessful in securing customers for the output of two coal-fired plants, each with a capacity of about 525 MW, that it wants to ... Read More

I'm watching the January gas contract, symbol NGF04 on the NYMEX. Down at this moment 13.2 cents, or 1.3¢/therm, to 55.2¢. The target is the April low, around 52.5¢. We have some way to go. January has been down four weeks in a row on the weekly chart, five out of the last six. futuresource.com: ... Read More

House Democrats have something to say about overtime. ... Read More

Big customers get little sympathy. Exelon EVP Pam Stobel doesn't think big customers need 6L. Neither does the Illinois Commerce Commission. For gas, for electricity and for economic theory, the concept that levels the playing field and clears the market is demand destruction. Prices will go up ... Read More

Stephen Brown, Federal Reserve Bank of Dallas, testified before Congress last month on the "turmoil" in natural gas. This is a pretty good summary of conventional wisdom. His story is mainly fundamental analysis. But the order and emphasis placed on each fundamental factor sometimes teases out the ... Read More