U.S. Daily Market Briefs - 1/6/2009




Coal
   Email this to a friend.   ConocoPhillips, Peabody choose site for coal-to-gas facility
 
ConocoPhillips and Peabody Energy Corp. have selected a site near Central City, Ky. to be the location of a $3 billion coal-to-natural-gas facility. (COP) (BTU) (Source: BizJournals - http://www.bizjournals.com)

   Email this to a friend.   Platts Broker-Based Indexes for Coal and Emissions for Dec. 16
 
New York (Platts) -- 17Dec2008 -- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology... (Source: Platts - http://www.platts.com)

   Email this to a friend.   February OTC look-alike coal falls $4/st as crude slide continues
 
Knoxville, Tennessee (Platts) -- 18Dec2008 -- Crude oil's dip below $40/barrel and close of $40.006/barrel Wednesday means eastern US coal prices have "a shot" at falling to $40/short ton, according to analyst Henry Lichtenstein of NewEdge Group. ... (Source: Platts - http://www.platts.com)

   Email this to a friend.   OTC look-alike coal prices follow rest of energy complex higher
 
Washington (Platts) -- 11Dec2008 -- Several over-the-counter trades in the NYMEX look-alike coal market boosted prices on a day that saw increases across the energy markets. January look-alike traded once at $74/short ton. There was... (Source: Platts - http://www.platts.com)

   Email this to a friend.   Platts Broker-Based Indexes for Coal and Emissions for Dec 10
 
Washington (Platts) -- 10Dec2008 -- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology... (Source: Platts - http://www.platts.com)

Crude
   Email this to a friend.   POET plant begins $2 million expansion project
 
POET Biorefining – Laddonia, Mo. is undergoing a $2 million expansion that will increase the plant's capacity and provide a larger market for locally produced corn. (Source: Renewable Energy Access - http://www.renewableenergyaccess.com)

   Email this to a friend.   Opec makes record cut
 
OPEC oil ministers on Wednesday agreed to cut 2.2 million barrels per day from oil markets - their deepest output cut ever - in a bid to balance supply with rapidly crumbling demand for fuel. The organisation is also aiming to build a floor under prices that have dropped more than $100 from a July peak above $147 a barrel. The cut, effective Jan. 1, is in addition to existing curbs of 2 million bpd agreed by OPEC since September. It lowers the supply target for the 11 members bound by output limits to 24.845 million bpd -- down nearly 15% from September output. (Source: Ame Info - http://www.ameinfo.com/)

Electricity
   Email this to a friend.   NRG rejects Exelon’s $6.2 billion buyout offer
 
Power generator NRG Energy has rejected Exelon's unsolicited $6.2 billion all-stock buyout bid as too low. (Source: MSNBC - http://www.msnbc.msn.com)

   Email this to a friend.   FPL Breaks Ground on First Hybrid Solar Plant
 
Florida Power & Light Company (FPL) announced that it has broken ground on its Martin Next Generation Solar Energy Center, a hybrid solar energy plant and the first utility-scale solar facility in Florida. The 75-megawatt facility marks an important early step in Florida's quest to use more solar energy, the utility said. (Source: Renewable Energy Access - http://www.renewableenergyaccess.com)

Emissions
   Email this to a friend.   NY in auction to reduce carbon emissions
 
New York state entered into the business of selling carbon dioxide emission allowances, by taking part in the Regional Greenhouse Gas Initiative’s auction on Wednesday. (Source: BizJournals - http://www.bizjournals.com)

   Email this to a friend.   FERC chief says US will need to regulate CO2 cap and trade scheme
 
Washington (Platts) -- 10Dec2008 -- The US needs a "regulatory regime for carbon," Federal Energy Regulatory Commission Chairman Joseph Kelliher said Wednesday, adding that while it is one thing to propose a cap-and-trade regime, "you have... (Source: Platts - http://www.platts.com)

Natural Gas
   Email this to a friend.   Southern building plant to serve co-ops
 
Southern Power will build a $400 million natural gas-fired power plant near Grover in southern Cleveland County. (Source: BizJournals - http://www.bizjournals.com)

   Email this to a friend.   New Jersey Natural Gas to Implement $30 Million Bill Credit for January and February (Business Wire)
 
WALL, N.J.----New Jersey Natural Gas today notified the New Jersey Board of Public Utilities that it will implement a bill credit totaling $30 million for residential and small commercial sales customers. (Source: Yahoo - www.yahoo.com)