In the Sept. 10 article Eastern Gains Overpowered by Wider Weakness; October Eases Ahead Of EIA Stats (see Daily GPI, Sept. 10),NGI incorrectly attributed a Genscape quote to another company. The quote should have read: “Under normal temperatures, demand in Illinois is expected to follow the five year upward trend by growing to 4.5 Bcf/d this winter,” analysts at Genscape said in their Basis Commentary note. “Over the past five winters, average population-weighted temperatures in Illinois have been 32.2 degrees. Within a 5 degree spread centered at 32.2 degrees, winter demand was 3.80 Bcf/d in 2009-2010. Demand bumped up to 3.95 Bcf/d in the 2010-2011 winter season. In 2011-2012, winter demand dipped to 3.81 Bcf/d, the only time in the past five years that temperature-adjusted winter demand has not increased, year/year. The following winter saw a 0.20 Bcf/d increase in demand, breaking the 4 Bcf/d mark, [and] last year, [polar vortex-driven] winter demand in Illinois jolted to 4.35 Bcf/d.
“After the largest year-on-year increase in winter demand, the 2014-2015 winter strip is projected to reach even higher levels of demand, under normal temperatures.” NGI regrets the error.
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