Exclusive C Three Equity Index: 2007 Gains Gone February's losses pile on top of January's

摘要

Every C Three index except Less Regulated Gas saw all remaining gains from 2007 wiped away in February. February's 5.93 percent losses were on top of January's 5.3 percent losses. For the full 12 months, the average share price has lost 7.8 percent.Coal prices continue an upward climb as world demand increases and in March, oil closed at more that $100 per barrel. Not surprisingly, natural gas prices are following these trends.Winners: Natural gas reserves are showing their muscle these days. Williams, TransAlta, Equitable and Questar are not only in the top 10 for the past month but are all in the top five for 12-month returns.What about the losers? The simple answer: regulatory environment-not having appropriate gas cost, fuel or purchased power adjustment clauses in the rate base or being cross-wise with regulators during crucial rate cases. PNM Resources, UniSource Energy, Sierra Pacific Resources and Nicor all have their share of state regulatory issues.