Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Tomas who wrote (59843)	2/5/2000 2:42:00 PM
From: Think4Yourself	Read Replies (1) of 95453

cold weather and 95 NEW NG turbines. Don'cha just hate them EnP's? ;o) Gee, I wonder what the market will think of THIS combination of events come Monday?? quote.bloomberg.com 2/4 19:10 Natural gas for March delivery (NGH0 ) could rise after the National Weather Service forecast more frigid weather for the U.S. Northeast and Midwest, the fuel's biggest home heating markets. Below normal temperatures are expected in the Northeast and Great Lakes regions from Feb. 10 through Feb. 14, with seasonably cold weather in the rest of the Midwest. March natural gas rose 8.3 cents to $2.742 per million British thermal units on the New York Mercantile Exchange. quote.bloomberg.com 2/4 16:15 Schenectady, New York, Feb. 4 (Bloomberg) -- General Electric Co., the No. 1 maker of power turbines, said it won a $500 million contract to supply 16 turbines to Northern States Power Co.'s NRG Energy unit. GE will provide Northern States with 11 natural gas and 5 steam turbines, which have a capacity to generate 3,000 megawatts of electricity, enough power to light 3 million homes. The turbines will be installed on Northern States' existing power plants in North America during the next five years. The contract comes two days after GE's Power Systems division announced a $4 billion contract to supply turbines to North Carolina-based Duke Energy Corp., one of the largest orders it's ever received. ... In case anyone's wondering about that $4 Billion... biz.yahoo.com The agreements cover the purchase of 84 gas turbines, 17 steam turbines and long-term services agreements for up to 23 merchant power plants across the country.

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