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City auditor: Utilities’ hedging policy cost millions

City auditor: Utilities’ hedging policy cost millions

A program designed to protect ratepayers from volatility in the natural gas market provided less savings than originally thought, due largely to the economic downturn and discovery of new reservoirs of the fuel. A city audit of the natural gas hedging program by Colorado Springs Utilities found that the municipal utility could have saved $208.3… Continue Reading City auditor: Utilities’ hedging policy cost millions

Utilities’ local rates:  Not bad for electric, but higher for gas

During community discussions about Colorado Springs Utilities, all parties to the debate tend to agree that CSU offers some of the lowest electric and gas rates in Colorado. Such low rates not only benefit residents but also serve to attract and retain businesses of all kinds, particularly job-providing manufacturers. A careful examination of CSU’s gas… Continue Reading Utilities’ local rates: Not bad for electric, but higher for gas

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Natural gas prices key to Utilities’ future

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Natural gas prices key to Utilities’ future

What’s the more significant economic driver in Colorado Springs: gas prices — or gas prices? To be clearer, are we more affected by the price of gasoline, or the price of natural gas? We all know what gasoline costs, because we buy it directly. The price we pay includes all costs — exploration, production, refining,… Continue Reading Natural gas prices key to Utilities’ future

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Supporters of propane believe it is the answer to the country’s jobs, energy and clean-air problems — but environmentalists are no longer buying into those claims. Continue Reading Propane could answer fuel needs, but enviros skeptical

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The U.S. natural gas market is bursting at the seams. So much natural gas is being produced that soon there may be nowhere left to put the country’s swelling surplus. After years of explosive growth, natural gas producers are retrenching. The underground salt caverns, depleted oil fields and aquifers that store natural gas are rapidly… Continue Reading Natural gas glut means drilling boom must slow

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Natural gas prices are falling again as balmy weather stretches across most of the nation and supplies remain plentiful. Natural gas dropped 5 cents to $2.215 per 1,000 cubic feet in trading in New York. That’s the lowest price in a decade. The price has dropped about 26 percent this year. Warm winter weather has… Continue Reading Natural gas falls on spell of balmy US weather

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Judge to hear arguments in May on Roan Plateau

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A judge is set to hear oral arguments in May in a lawsuit challenging the federal government’s auctioning of leases for natural gas development on public land on the Roan Plateau. Environmentalists filed the lawsuit in 2008 seeking to cancel the leases. They say that when the Bureau of Land Management developed a plan allowing… Continue Reading Judge to hear arguments in May on Roan Plateau

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State governors push for natural-gas cars

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The governors of Colorado, Oklahoma, Pennsylvania and Wyoming have agreed to work together to encourage U.S. automakers to develop affordable natural-gas vehicles. The governors signed a memorandum of understanding Wednesday saying they would they would seek a joint request for proposals. The states would work to determined how many natural gas vehicles each could commit… Continue Reading State governors push for natural-gas cars

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CSU seeks public comment on gas plan

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Colorado Springs Utilities is seeking public comment for its 2011 natural gas integrated resource plan. The plant is posted at the CSU web site. As a local distribution company, Colorado Springs Utilities manages the natural gas supply and the distribution system required to physically deliver natural gas to customers. The updated plan is intended to… Continue Reading CSU seeks public comment on gas plan

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The emergency plans for companies operating natural gas pipelines like the one that exploded in San Bruno, Calif., killing eight people and destroying a neighborhood, are effectively off-limits to the public and industry watchdogs because the federal pipeline safety agency itself doesn’t have copies. The Pipeline and Hazardous Materials Safety Administration policy means companies can… Continue Reading Natural gas pipeline crisis plans kept from public

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