Utility rates changed at the start of the new year in California, Colorado and Oregon with the biggest shifts occurring at Xcel Energy’s Colorado combination utility. Xcel natural gas utility bills increased 1.55% for residential customers and 5.45% for small businesses, while electric rates dropped 6.48% for residential users and 7.08% for small businesses. In California, Pacific Gas and Electric Co. (PG&E) residential gas charges increased 1.8% as of Jan. 1, compared to December rates, but the new rates are still slightly lower (0.3%) than those in effect in January 2011. PG&E residential electric rates increased compared to December (2.4%) and January 2011 (2.9%). In Oregon, the two electric utilities’ rates went in opposite directions with PacifiCorp’s going up due to its reliance on more coal-fired generation and Portland General Electric’s (PGE) going down slightly due to its greater use of gas-fired and hydroelectric generation. PacifiCorp rates increased 4.4% or $51 million with the “largest single factor” being higher coal costs, said the Oregon Public Utility Commission, which cut $10.9 million from the multi-state utility’s original request. PGE rates dropped 1.3% or $21.8 million due mostly to the replacement of some nonhydro contracts with less expensive gas-fired generation contracts.
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Pennsylvania Committee Moves Drilling Impact Fee Forward
A Pennsylvania state Senate committee passed amended impact fee legislation on Monday that returned an impact fee to the bill, added environmental safeguards and changed the way the bill would govern local ordinances over oil and gas drilling.
S&P: Liquids Price Assumptions Changed
Assumptions for pricing of volatile natural gas liquids (NGL) have been changed, but this should not affect the credit ratings of NGL companies, according to a report released early this month by Standard & Poor’s Ratings Services (S&P). Generally, there is a 20-25% discount relative to average spot market prices.
S&P: Liquids Price Assumptions Changed
Assumptions for pricing of volatile natural gas liquids (NGL) have been changed, but this should not affect the credit ratings of NGL companies, according to a report released Friday by Standard & Poor’s Ratings Services (S&P). Generally, there is a 20-25% discount relative to average spot market prices.
S&P: Liquids Price Assumptions Changed
Assumptions for pricing of volatile natural gas liquids (NGL) have been changed, but this should not affect the credit ratings of NGL companies, according to a report released Friday by Standard & Poor’s Ratings Services (S&P). Generally, there is a 20-25% discount relative to average spot market prices.
Baker Institute: U.S. Shale Erodes Foreign ‘Petro-Power’
North America’s abundant natural gas resources have begun to weaken Russia’s influence on Europe’s energy supplies and could counter Iran’s influence as an energy supplier, according to research by the Baker Institute Energy Forum at Rice University.
Northeast Spikes Contrast With Near-Flat Quotes
Northeast price spikes had some citygates in the region averaging more than $6 Tuesday amid a generally little-changed cash market. The tropical storm factor, which never was significant anyway, continued to fade into the open Atlantic, but very hot forecasts in many areas remained a constant for gas prices.
FERC: Gas Supply and Demand Set Records in 2010
Natural gas supply and demand set new records in 2010, while regional changes in production and new infrastructure changed utilization along some key pipeline routes across the country, according to a state of the markets report issued Thursday by FERC’s Office of Enforcement.
FERC: Gas Supply and Demand Set Records in 2010
Natural gas supply and demand set new records in 2010, while regional changes in production and new infrastructure changed utilization along some key pipeline routes across the country, according to a state of the markets report issued Thursday by FERC’s Office of Enforcement.
Schlumberger Chief Forecasts Higher Gas Demand Growth
The “fundamentals” for oil and gas remain unchanged, but new opportunities have arisen because of “technology or changed circumstances,” Schlumberger Ltd. CEO Andrew Gould said Monday.
