Carried

Pacific Gas & Electric declared a systemwide Stage 2 high-inventory OFO for Friday. It carried penalties of $1/Dth for exceeding a positive daily imbalance tolerance of 7%.

In concert with a fear-driven rally in the nearby crude oil pit, Nymex natural gas futures catapulted 37 cents higher Monday to $6.231, dragging most of the subservient natural gas cash market with it. Cash prices were up 5-20 cents on average across the board with some of the larger increases in the West where a spring heat wave was driving up demand.

Southern California Gas issued a high-linepack OFO for Friday’s Evening Cycle nominations, but did not have one in effect for Saturday’s gas day. The OFO carried a 10% tolerance for positive imbalances.

Florida Gas Transmission issued an Overage Alert Day notice Monday for market-area customers. It carried a 10% tolerance for negative daily imbalances.

Most of the increase in domestic onshore natural gas production last year came from some of the smallest producing, or marginal wells, according to a survey by the Interstate Oil and Gas Compact Commission (IOGCC). The survey, scheduled to be released later this month, was previewed Monday at the National Governors Association meeting.

Pacific Gas & Electric declared a systemwide Stage 2 high-inventory OFO for Friday. It carried a relatively loose positive imbalance tolerance of 9% and penalties of $1/Dth.

Pacific Gas & Electric declared a systemwide Stage 2 high-inventory OFO for Friday. It carried penalties of $1/Dth for exceeding a positive daily imbalance tolerance of 4%.

Pacific Gas & Electric declared a systemwide Stage 2 high-inventory OFO for Saturday. It carried penalties of $1/Dth along with a relatively lenient 7% tolerance for positive daily imbalances.

Pacific Gas & Electric declared a systemwide Stage 2 high-inventory OFO for Wednesday. It carried penalties of $1/Dth for positive imbalances exceeding a 6% tolerance.