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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (61)	6/3/2001 12:11:49 AM
From: craig crawford	Read Replies (1) \| Respond to of 1643

06/02 17:26 Power Plants Returning to Natural Gas as Prices Fall: Outlook By Bradley Keoun quote.bloomberg.com Palatka, Florida, June 2 (Bloomberg) -- Natural gas is burning again at Florida Power & Light Co.'s Putnam power plant in Palatka. Last winter, Florida's largest utility reconfigured the plant to run on fuel oil instead of natural gas, a cleaner-burning fuel that for years had been comparatively cheap. Last month, as gas prices plunged to a 10-month low, the plant switched back to gas. Fears of winter shortages drove natural gas futures on the New York Mercantile Exchange to a record $10.10 per million British thermal units in late December, more than quadruple the year-earlier price. This year, prices have fallen below $4, partly because last year's rally caused so many generators and industrial customers to seek alternate fuels, such as oil. (excerpts)