Nowhere are the failings of traditional utility regulation more evident than on Long Island. The New York Public Service Commission (PSC) has raised rates for the Long Island Lighting Co. (LILCO)...
"Quicktrade," Up and Running
Quicktrade, an electronic natural gas trading system created by Enerchange L.L.C. and Energy Exchange Inc., went on line January 8, serving multiple points in the Chicago area and Ventura, IA, as well as pooling points along Natural Gas Pipeline Co.'s interstate system. The computerized, real-time system allows buyers and sellers to trade gas 24 hours a day both in the United States and in Canada (through the Energy Exchange). Quicktrade enables users to instantly measure levels of supply and demand, determine price trends, and execute transactions. Enerchange is comprised of affiliates of NICOR Inc., Pacific Enterprises, National Fuel Gas Co., and NGC Corp.
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