Citygate

Gas prices shot to $5/MMBtu last Monday at the SouthernCalifornia border and PG&E Citygate, and hourly intra-daypeaking prices on the California Power Exchange spiked to $863/MWh.Day-ahead peaking power prices got as high as $470.

Those fireworks you may have heard Thursday were Northeastcitygate prices doing their best skyrocket imitations. While therest of the cash market was considerably more mundane with pricesranging from flat to only a few cents higher, Transco’s Zone 6-NYCpool and Algonquin citygates in New England were making eye-poppingdollar-plus jumps.

Natural Gas Intelligence the weekly gas market newsletter published : August 16, 1999

A run-up in citygate prices in the Northeast that had startedlate Wednesday afternoon was falling back rapidly by middayThursday, but not before some buyers had paid more than $3 intoTransco Zone 6-New York City. A trader reporting $3.00-$3.25 salesfor Zone 6-NYC said he had received a late offer of $2.65. TexasEastern M-3 numbers also were coming off hard, another source said.