OIL & GAS
Few U.S. industries have grown faster than natural gas in the last five years, largely because gas was so much cheaper than coal. Last week, the Federal Power Commission switched on a green light for gas prices to go scooting up. FPC approved a 15% rate boost ($11.4 million) for Tennessee Gas Transmission Co., one of the biggest U.S. gas pipelines. Thus FPC signified that it will okay a large part of $93 million in other boosts which 28 additional companies are seeking. As a sample of what this may mean to the consumer, Michigan Consolidated Gas Co....
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