Maryland PSC staff recommends approval of Exelon-CEG merger with conditions
Birmingham, Alabama (Platts)
Maryland Public Service Commission staff is recommending the merger of Exelon and Constellation Energy be approved with additional conditions to mitigate the harm to customers, it said Tuesday.
Under Maryland law, utility mergers must be beneficial to customers, while causing them no harm. The law does not permit a balancing of benefits and potential harms. …
Bank cuts 12% off 2012 US gas price forecast, supply overwhelming demand
Washington (Platts)
Investment bank Raymond James’ top natural gas analyst sliced 12% off his 2012 natural gas price forecast Monday, saying growing supplies will smother anemic demand and prices will have to go below $3/Mcf in the summer to avoid overwhelming storage capacity.
Raymond James slashed its previous $4/Mcf forecast by 50-cents to $3.50/Mcf, and predicted prices could drop below $3/Mcf this summer as storage fills. This is the second time in two months Raymond James has