LDC Consumer-Level Prices Questioned

✍ Scribed by Willett, Robert E.

• Publisher: John Wiley and Sons
• Year: 2008
• Weight: 230 KB
• Volume: 8
• Category: Article
• ISSN: 0743-5665
• DOI: 10.1002/gas.3410080409

✦ Synopsis

At a recent Houston cor$erence, Raymond Plank, chairman and chief executive m c e r of Apache Corporation of Denver, noted thatproducers were receiving less of the consumer dollar and that much of the savings in h e r gas costs was not being passed along to the consumer (Figure I).

Later, in meetings with him and Apache President William J. Johnson, and in another meeting with George P. Mitchell, chairman of Mitchell Energy and Development Corporation, and with other producer executives, similar concerns were expressed.

Plank didn't see much hope for relief within the current regulatory structure, because consumers have noted no price increase.