Avoiding

A week after rescinding an Imbalance Warning for market-area Zones 5 and 6 that had been aimed at avoiding low linepack due to cold weather-related overtakes at delivery points, Tennessee said it is implementing a systemwide Imbalance Warning Friday. But this time the pipeline cited moderating weather across much of its system in asking customers to match scheduled volumes and actual flows so linepack will not reach excessive levels.

Given current global wholesale energy price volatility, Japan is avoiding traditional 20-year contracts for liquefied natural gas (LNG) imports, and that likely will set the model for the rest of the world since Japan is such a dominant importer of the fuel, according to Tom Giles, COO for Mitsubishi’s U.S.-based Sound Energy Solutions (SES).

Given current global wholesale energy price volatility, Japan is avoiding traditional 20-year contracts for liquefied natural gas (LNG) imports, and that likely will set the model for the rest of the world since Japan is such a dominant importer of the fuel, according to Tom Giles, COO for Mitsubishi’s U.S.-based Sound Energy Solutions (SES).

Despite anxious moments, California’s staggering grid systemheld together Wednesday, avoiding the rolling blackouts somein-state market participants feared would happen in the wake of thefederal emergency order expiring.

The third time was not the charm. After avoiding the usualsoftness associated with lower weekend demand for two weeks in arow, prices finally bowed to the inevitable Friday and dropped bysmall amounts of a nickel or less nearly across the board.