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An investigation continued Thursday in the natural gas explosion that destroyed most of a city block in a shopping district Tuesday night in Kansas City, MO. A snow storm that blanketed the region Wednesday night had slowed progress, officials said.
The Republican draft energy bill was close to emerging from three House committees Wednesday with provisions affecting natural gas virtually unscathed by a host of defeated amendments offered by Democrats.
Physical prices Monday were up a nickel on average as West Coast traders reported power shortfalls resulting from a delayed restart of nuclear generating capacity, and warm temperatures in Texas added to loads. Government figures reported a modest decline in natural gas production and futures romped higher. At the close of trading June had increased 9.9 cents to $2.285 on stout volume, and July gained 9.5 cents to $2.394. June crude oil eased 6 cents to $104.87/bbl.
Black Hills Corp. and Great Plains Energy Inc. closed their asset purchase and merger of Aquila Inc. Monday, the companies said. The closing is effective Monday for legal, accounting and operational purposes.
California's energy future is balanced precariously between runaway costs and the threat of severe shortages, particularly in a "hotter-than-average" summer, according to the California Energy Commission's (CEC) draft 2005 "Integrated Energy Policy Report," released last Friday. Touching on everything from global climate change to the cost of gasoline and growing reliance on natural gas, the 157-page report delivers a sobering message for Californians.