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US/Canada East power split, PJM up with demand

admin — Wed, 09 Jun 2010 22:37:26 +0000

NEW YORK, June 9 (Reuters) – Electricity prices in spite of

delivery on Thursday across much of the eastern United States

and Canada climbed, with PJM up on forecasts for warmer weather

expected to boost cooling require.

In Texas however, ERCOT prices held steady as weaker

natural aeriform fluid prices offset stronger demand forecasts.

* In Virginia, Dominion’s Surry 1 reactor imprison for short

work.

* In Vermont, Entergy fixed a valve at the Vermont Yankee

reactor and be inclined keep the unit at full power.

* In Ontario, OPG’s Nanticoke 5 coal unit returned to

service, while Unit 7 shut for short work.

* In Georgia, Southern reduced the Hatch 1 reactor to 28

percent to fasten a condenser vacuum problem.

REGION TODAY DAY AGO 2-DAYS AGO WK AGO YR AGO

Cinergy $40-45 $38-46 $32-40 $44 $30

Ercot-Houston $41-46 $40-45 $42-48 $45 $36

Ercot-North $40-45 $39-45 $42-47 $44 $35

Nepool Mass $44-48 $44-49 $45-49 $57 $36

PJM West $44-50 $38-43 $37-47 $65 $40

REGION LAST JUN 5-YR JUN AVG

Cinergy $35 $62

Ercot-Houston $62 $74

Ercot-North $42 $70

Nepool Mass $38 $77

PJM West $41 $77

TUE WED THU FRI MON

LOAD (MW)

PJM 86,226 87,374 98,963 101,008 113,062

MISO 73,850 78,510 80,670 85,730 90,360

ERCOT 52,000 49,900 51,800 54,100 55,200

NEW ENGLAND 16,690 16,480 16,050 16,510 19,250

OUTAGES (MW)

PJM 18,400 18,031 — — —

MISO 19,450 17,410 14,910 12,470 9,290

NEW ENGLAND 3,058 2,825 3,590 3,766 3,716

TELVENT DTN TEMPS (F)

NEW YORK 76/61 66/60 75/59 78/57 81/71

Versus Norm -1 -7 -4 -3 +4

CHICAGO 67/55 85/65 79/60 87/62 75/59

Versus Norm -5 +8 +3 +8 -1

HOUSTON 89/76 89/79 90/77 92/78 96/75

Versus Norm +2 +3 +3 +4 +4

SPOT NATURAL GAS PRICES

PIPELINE TODAY 1-DAY AGO 2-DAY AGO

Columbia Gas TCO (mmBtu) $4.87 $5.02 $4.82

Heat Rate in PJM West 9,600 7,900 8,500

Houston Ship Channel $4.70 $4.89 $4.62

Heat Rate in ERCOT-Houston 9,100 8,500 9,800

The average heat rate for gas plants in the United States

is end for end 8,600 Btu/kilowatt-hour while the most efficient,

least lavish to operate combined-cycle units have heat rates

below 7,000.

Natural gas is the primary fuel for more than 40 percent of

the endowment plants in New York, about 40 percent of the units in

New England, 20 percent of the units in the Midwest ISO and

not so much than 15 percent in PJM.

Gas is the primary fuel concerning more than 70 percent of the

generation in Texas, 70 percent of the volume in Entergy, 49

percent in Florida and just 28 percent in the rest of the

Southeast.

Projected furnish inhabitants to movements over the next few days:

CURRENT OUTAGES:

UNIT OPERATOR MW FUEL SITE SHUT RESTART

NPCC

Gentilly 2 Hydro-Qubc 675 Nuke QC Apr 9 Jun 9

————————————————————

MIDWEST ISO, SERC Gateway and MRO

Callaway Ameren 1,190 Nuke MO Apr 17 Jun 12

————————————————————

SERC Southern, SERC TVA, SERC Entergy and Florida

St Lucie 1 FPL 839 Nuke FL Apr 4 Jun 12

Robinson 2 Progress 710 Nuke SC Mar 28 Jun 12

————————————————————

FUTURE OUTAGES:

UNIT OPERATOR MW FUEL SITE SHUT RESTART

NPCC

Ontario nuke — 600+ Nuke ON Jun 11 Unknown

Ont oil/gas — 500 Oil/Gas ON Jun 12 Jun 26

For complete force plant outage data see for all

outages or for nuclear found outages.

BRIEF-DoJ will not prosecute AIG execs over CDS-WSJ

admin — Sun, 23 May 2010 09:13:00 +0000

May 21 (Reuters) – American International Group Inc:

* Department of Justice enjoin not prosecute American International Group Inc execs over credit default swaps-wsj

((New York Equities Desk; tel: +1 646 223 6000))

(For greater degree news about American International Group Inc click here:)

The copying, republication or redistribution of Reuters News Content, including ~ dint of. framing or similar means, is expressly prohibited without the prior written give ~ of Thomson Reuters.

UPDATE 1-American Capital prices $295 mln offering at $5.06

admin — Tue, 20 Apr 2010 20:59:35 +0000

* Paulson & Co to buy 43.7 mln shrs of 58.3 mln offering

* To use proceeds to repay debt, make investments or lend

* Shares rise 14 pct in early trade

April 19 (Reuters) – American Capital Ltd priced its $295 million common stock offering to institutional investors, including Paulson & Co Inc, at $5.06 per share, sending its shares up 14 percent.

American Capital agreed to sell about 58.3 million common shares, including 43.7 million shares to funds and accounts managed by billionaire investor John Paulson.

American Capital, which has been trying to restructure billions of dollars in debt, expects to use the proceeds from the offering for investment and lending activities and to repay debt, it said in a statement.

The offering, which is made under an existing shelf registration statement, is expected to close on April 22, the provider of financing to small- and mid-sized businesses said.

Shares of the Bethesda, Maryland-based company were up 12 percent at $5.95 in morning trade on Nasdaq. The stock opened up more than 14 percent at $6.08.

(Reporting by Archana Shankar in Bangalore; Editing by Gopakumar Warrier) Keywords: AMERICANCAPITAL/

(archana.shankar@thomsonreuters.com; within U.S +1 646 223 8780; Outside U.S +91 080 4135 5800; Reuters messaging: archana.shankar.reuters.com@reuters.net)

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

Same-Store Sales: Tomorrow’s Headliners

admin — Thu, 07 Jan 2010 06:10:04 +0000

There are certainly plenty of tech ETFs from which to choose.

Broad-based funds like the iShares Dow Technology ETF(IYW Quote) and the Vanguard Information Technology ETF(VGT Quote) give investors access to the big names in the American technology sector, like and Google.

More specialized ETFs like the PowerShares Dynamic Networking ETF(PXQ Quote) or the iShares S&P North American Technology-Multimedia Networking Index ETF(IGN Quote) track narrower segments of the sector.

But one tech fund that stands out from its peers is the iShares S&P North American Technology Sector Index ETF(IGM Quote).

Launched in 2001, IGM has more than $400 million in net assets and a respectable average daily trading volume of 82,000 shares. IGM tracks the S&P North American Technology Sector Index, which is comprised of 234 holdings, and has an expense ratio of 0.48%. The top five holdings in the fund are currently Microsoft(MSFT Quote), Apple, IBM(IBM Quote), Google and Cisco(CSCO Quote).

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American Airlines Mishaps Spark Scrutiny

admin — Mon, 04 Jan 2010 11:59:02 +0000

American Airlines Mishaps Spark Scrutiny The Federal Aviation Administration is increasing oversight of American Airlines after three mishaps during landings last month.

Jetliners’ wingtips touched the ground during two landings, one in Charlotte, N.C., on Dec. 13, the other in Austin, Texas, on Dec. 24. And in Jamaica, a plane overshot the runway during heavy rain on Dec. 22.

FAA officials said in a statement Friday they will conduct a review of the mishaps to see if there might be a larger issue.

The statement says that if needed, the FAA will work with American on corrective action.

A spokesman for American, a unit of Fort Worth, Texas-based AMR Corp., told the Fort Worth Star-Telegram on Friday that the company is cooperating with the FAA and conducting its own investigation.

American Airlines Mishaps Spark Scrutiny

admin — Sun, 03 Jan 2010 14:58:54 +0000

American Airlines Mishaps Spark Scrutiny The Federal Aviation Administration is increasing oversight of American Airlines after three mishaps during landings last month.

FAA officials said in a statement Friday they will conduct a review of the mishaps to see if there might be a larger issue.

The statement says that if needed, the FAA will work with American on corrective action.

A spokesman for American, a unit of Fort Worth, Texas-based AMR Corp., told the Fort Worth Star-Telegram on Friday that the company is cooperating with the FAA and conducting its own investigation.