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Natural gas and electric utilities drove results in the second quarter for Rapid City, SD-based Black Hills Corp. but: Despite flat results in the second quarter when its utilities drove increased profits, CEO Dave Emery last week talked up the company's early stage horizontal drilling in the San Juan and Piceance basins.
NiSource Inc. subsidiary Columbia Gas Transmission Corp. said Thursday it is testing the waters to determine the interest of Appalachian producers in a potential expansion of its existing natural gas pipeline system that would permit delivery of additional supplies to markets in the Upper Southeast, Mid-Atlantic and Northeast regions.
Following the long holiday weekend, traders on Monday wasted virtually no time getting their positions across as the December natural gas futures contract plummeted on its final day. After burrowing below the $11.030 support level (from Nov. 7) to record a trade at $10.880 just before 1:30 p.m. EST, the expiring prompt month rallied to go off the board at $11.180, down 44 cents for the day.
A pair of Alaska lawmakers are asking the state's governor and attorney general to take another look at the natural gas pipeline license issued to TransCanada Alaska Co. LLC under the Alaska Gasline Inducement Act (AGIA) to see if it is still a good deal for the state. Gov. Sarah Palin said the resolution is unnecessary.
FERC Thursday approved a request to begin constructing looping of Columbia Gas Transmission's pipeline system to transport natural gas to and from affiliate Hardy Storage Co.'s underground storage project, which is under construction in West Virginia.