industrialinfo.com - Energy Future Holdings Loses Billions by Playing It Safe in the Natural Gas Market

North America Coverage

International Coverage

North American Industrial

International Industrial

Niche Databases

PECWeb Access

PECWeb Overview

Software Solutions

Navigating the Currents of Change

Industry Today Webcast

Industry News Alerts

Industry Forecasts

Online Plant Directory

Industrial Market Maps

Contact Mailing Lists

Premium News Subscription

Industry Today Webcast

Email Campaigns

Banner Advertising

Press Release Services

Premium News Article

Energy Future Holdings Loses Billions by Playing It Safe in the Natural Gas Market

SUGAR LAND--August 20, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Energy Future Holdings (EFH) (Dallas, Texas), formerly TXU Corporation, posted net income losses of $3.33 billion for the second quarter and losses of $4.6 billion for the first six months of 2008. These losses, however, are primarily due to EFH's long-term hedging strategies in the natural gas market. The company is engaged in a natural-gas hedging program from 2008 to 2014 in order to help maintain and regulate cash flow and stabilize electricity prices in the volatile power market. EFH estimates that it has already hedged 97% of its total natural gas position for 2009 and 96% for 2010. The company expects to continue this hedging program on a five- to six-year basis.

Read the Complete Article >>>

Details on this Article:
Industry Segment: Power
Word Count: 504 Words

Listen to Today's News

News Audio Library

Sync News Podcasts

Login or Register now for instant access!

Related Articles

ScottishPower Completes U.K.'s First Carbon Capture Pilot

Spain Records Surplus Energy Production of Almost Twice Peak Demand

India's NTPC to Develop Eco-Friendly, 100-Megawatt IGCC Power Plant

Shuttered Lignite-Fired Power Plant to Undergo Coal Conversion Process in A...

Brazil's MPX Energia Receives License to Install 2.1-Gigawatt Porto do Acu ...

This article is available for Premium Members only.

Subscribe Now! All Fields are Required...

Upgrade your Premium News Subscription to include all archived articles for only $160. Contact Member Services: 800-762-3361

All Members Receive the Following Free Resources:

North American Project & Gap Spending

North American Plant Analysis by Industry & Market Region

Market Maps & Stats - Capital & Maintenance Activity

Current & Historic Economic Indicators

30/60/90 Day Weather Forecast