Natural Gas

NYMEX January gas futures settle at $2.235/MMBtu

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Platts

NYMEX January gas futures settle at $2.235/MMBtu, up 2.3 cents
The NYMEX January natural gas futures contract rebounded Monday from Friday’s selloff to settle at $2.235/MMBtu, up 2.3 cents.
The January contract dropped 8.7 cents Friday to settle at $2.212/MMBtu on the contract’s first day in the prompt-month position, shrinking its premium to the December settlement price to a little more than half a cent.
“The natural gas market is still attempting to stabilize after last week’s price decline, but is…

Electricity, Generation

Tied up in bankruptcy

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The Dallas Morning News

By JAMES OSBORNE
Tied up in bankruptcy, Energy Future frets over future
Seven years ago — before the bankruptcy filing and the court fights — Energy Future Holdings was a juggernaut within the power business.
The century-old TXU Corp. had been reborn in a $45 billion buyout led by two of Wall Street’s most storied private equity tycoons. Inflated natural gas prices were driving up electricity prices. Construction was moving ahead on three new Energy Future coal plants — outfitted with the latest air cleaning scrubbers.
Late last week, Texas’ largest power company moved to try and regain some of that momentum, announcing it was buying two large natural gas plants in northeast Texas for $1.3 billion. In limbo for the past 19 months as its bankruptcy case winds through …