Items Tagged with 'california'

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August Natural Gas Rallies into Expiry on Storage, Heat

The front month natural gas futures contract rallied ahead of expiration Friday, with potential August heat and a tight storage picture offering support in a market still heavily weighed down by production. In the spot market, most regions posted discounts on three-day deals, including in the sweltering California and Desert Southwest; the NGI National Spot Gas Average dropped 21 cents to $2.70/MMBtu. Read More

SoCal Edison Shares California Utility Wildfire Concerns

Executives with Edison International’s (EI) Southern California Edison (SCE) on Thursday voiced similar deep concerns about the need for a political and economic solution to California's wildfire liability crisis that for the most part is centered on the state's major power utilities. Read More

SoCal Citygate Reaches New Highs as Mercury Rises; Natural Gas Futures Retreat

A heat wave Monday led to the most expensive natural gas spot trades recorded at SoCal Citygate going back to at least 2008, as a volatile mixture of elevated gas-fired electric demand and ongoing supply constraints blew the roof off of prices. Largely driven by gains in California and the Desert Southwest, the NGI National Spot Gas Average surged 51 cents to $3.22/MMBtu. Read More