Chron Energy Items: 02.26.08

A few of the energy related stories in today’s Houston Chronicle or on
Gasoline in Houston hits record: Houston retail gasoline prices hit an all-time high today as the cost of $100 oil finally trickled down from the pipeline to the pump.
Even before startup, ‘for sale’ sign possible: Less than two months before its Sabine Pass liquefied natural gas terminal is set to begin operations, Cheniere Energy says it is looking at “strategic options” for the facility, including a possible sale.
Energy to take center stage: Democratic presidential candidate Hillary Rodham Clinton will join energy and environmental luminaries in Houston on Thursday at a summit to tackle the bedeviling issue of energy security.
El Paso Corp. reports 4th straight profitable quarter: Bloomberg News — El Paso Corp., the natural-gas and oil producer that owns the largest U.S. network of gas pipelines, reported fourth-quarter net income of $160 million on increased output.
Reliant swings to profit as power prices rise: Bloomberg News — Reliant Energy, owner of power plants in nine U.S. states, posted fourth-quarter profit of $227 million after electricity prices climbed.
Asset sale tax benefit lifts KBR’s quarterly profit: Associated Press — Former Halliburton subsidiary KBR Inc. said today fourth-quarter profit rose 65 percent, lifted by contributions from natural-gas projects, work in Iraq and a tax benefit related to a 2006 asset sale.