California

As a deluge of adverse circumstances in 2022 nearly doubled natural gas spending by Pacific Gas and Electric Corp. (PG&E), CEO Patricia Poppe said the San Francisco-based company is “laser focused on affordability” as customers face higher-than-normal bills.  The cost of natural gas nearly doubled year/year to $2.1 billion in 2022 from  $1.15 billion in…

Click here to listen to the latest episode of NGI’s Hub & Flow in which Senior Price and Markets Editor Leticia Gonzales joins Associate Editor Morgan Evans to discuss the unique natural gas price environment in California this winter.  Gonzales details how high natural gas prices soared in the Golden State, how they compared to…

A dichotomy of steep gains for the West and hefty losses everywhere else played out in natural gas forwards markets during the Feb. 16-22 trading period, NGI’s Forward Look data show. This dynamic largely reflected the latest weather maps from Maxar’s Weather Desk, which showed shades of blue colder-than-normal temperature deviations blanketing much of the…

Spot gas prices were range bound across most of the country during the Feb. 13-17 trading week, but there were some big movers as temperatures plunged into the country’s midsection and headed east. NGI’s Weekly Spot Gas National Avg. climbed 14.0 cents to $2.825. Futures action failed to inspire similar strength. By Friday, prices had…

The prospect of late-month chills, particularly for western and northern portions of the Lower 48, helped rally natural gas forward prices at several regional hubs during the Feb. 9-15 trading period, NGI’s Forward Look data show. In the West, the perennially constrained SoCal Citygate led the surge higher, with March fixed prices swelling $1.178 week/week…

The prospect of late-month chills, particularly for western and northern portions of the Lower 48, helped rally natural gas forward prices at several regional hubs during the Feb. 9-15 trading period, NGI’s Forward Look data show. In the West, the perennially constrained SoCal Citygate led the surge higher, with March fixed prices swelling $1.178 week/week…

Already deflated by overwhelmingly mild weather so far this winter, regional natural gas forward prices saw a mix of generally small adjustments during the Feb. 2-8 trading period, NGI’s Forward Look data show. Having descended into sub-$3 territory, benchmark Henry Hub conceded another 6.9 cents for March fixed price trading, ending the period at $2.404/MMBtu.…

Natural gas price surges in the region this winter have led the California Public Utilities Commission (CPUC) to order utilities to issue customers’ annual California Climate Credit (CCC) early. Since the passage of California’s Assembly Bill 26, aka the Global Warming Solutions Act of 2006, most residents receive a CCC on natural gas bills in…

After the city moved last month to ban new oil and natural gas drilling within its borders, the Los Angeles County board has followed suit, banning new drilling activity beginning this month.  County officials unanimously voted to adopt an ordinance amending the zoning law, banning any new oil and gas wells or production facilities in…