Energy Matters: June 18, 2001

Nevada’s Energy Plan

Tight energy supplies in the West have led other states to announce conservation plans. In Nevada, energy conservation plans have been developed both for state government and for businesses and individuals. “The energy situation must be addressed on many fronts and from many different angles due to its complex nature,” Governor Kenny Guinn said. “There is not one single piece of legislation or planning that will adequately address the issue — it demands a comprehensive approach.”

The State of Nevada plans are available through the website of its Division of Emergency Management at www.dem.state. nv.us/plangovsltr.htm.

Energy Buying

Planalytics Inc. (Wayne, PA) has announced that Weathernomics Gas Buyer™, a financial risk management tool for purchasing and hedging natural gas, beat the average month-end settlement price by $0.59 per MMBtu over the last 12 months. For the July 2000 through June 2001 natural gas contracts, the average month-end settlement price was $5.45 per MMBtu. Over the same period, according to Planalytics, companies basing their purchases on Weather-nomics daily outputs would have paid $4.86 per MMBtu — a savings of 11%. The software forecasts the turning points and future direction of prices.

Publication date: 06/18/2001

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