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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (72208)	9/3/2000 6:58:41 AM
From: inchingup	Respond to of 95453

-Natural gas = costly heating Sat Sep 2 2000 6:17pm EDT Amy Lewis, weather.com Natural gas prices are on the rise and that could cause some customers to spend more than $500 more this winter than last. Wisconsin Gas Co. and Wisconsin Electric Power Co., the two largest natural gas suppliers in the state, say bills could rise from $113 to $680 for the heating season between November and April. If temperatures prove to be more harsh than last winter, prices could rise even higher because the estimates are based on last year's mild season. "If we get back to normal weather, a 30 percent increase is not out of the realm of possibility," said David Fantle, a spokesperson for Wisconsin Gas. August natural gas prices were 24 percent higher than last year. The American Gas Association attributes the rise to a strong economy, which has increased demand for natural gas, while low prices have meant fewer rigs drilling. In addition, high gas prices this spring and summer, a time when utilities usually buy gas and store it, were a factor. Although more rigs are operating as prices rise, the full effect of increased capacity won't be felt until the end of winter. Utility and pipeline experts and gas marketers plan to meet Sept. 28 in Madison to discuss the prices.- weather.com -Utility and pipeline experts and gas marketers plan to meet Sept. 28 in Madison to discuss the prices.- Head speaker is rumored to be "Dom Perignon". (VBG) --GARY--