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The Michigan Public Service Commission (MPSC) on Thursday cut about two-thirds or $98 million out of Consumers Energy Co.’s requested revenue increase, leaving the Jackson-based combination utility subsidiary of CMS Energy with an increase of about $58.1 million.

The Michigan Public Service Commission (MPSC) on Thursday cut about two-thirds or $98 million out of Consumers Energy Co.’s requested revenue increase, leaving the Jackson-based combination utility subsidiary of CMS Energy with an increase of about $58.1 million.

Major producers are in a “free-fall” when it comes to U.S. natural gas, with production tumbling by about 400 MMcf/d or 4.4 Bcf each quarter, said the head of Dallas-based Pioneer Natural Resources.

Major producers are in a “free-fall” when it comes to U.S. natural gas, with production tumbling by about 400 MMcf/d or 4.4 Bcf each quarter, said the head of Dallas-based Pioneer Natural Resources.

Based on self-evaluations conducted each year, the Department of Energy’s Energy Information Administration (EIA) has found that it has done “fairly well” when projecting production and consumption of natural gas, but that it has done “fairly poorly” when forecasting gas prices, an EIA analyst told a House subcommittee Thursday.

Based on self-evaluations conducted each year, the Department of Energy’s Energy Information Administration (EIA) has found that it has done “fairly well” when projecting production and consumption of natural gas, but that it has done “fairly poorly” when forecasting gas prices, an EIA analyst told a House subcommittee Thursday.

Each side got something and the industry may have gotten what one energy legal observer called an “important precedent” in last week’s DC Circuit federal appeals court ruling (June 22) that FERC doesn’t have the authority to force California’s electric transmission grid operator, CAISO, to revise its state-mandated governing board, noting that the federal regulatory panel lacks the authority and was “over-reaching” in attempting to do so the past three years.

Following the announcement of a 72 Bcf storage injection, the June natural gas futures contract jumped 9 cents from $6.27 to trade at $6.36 as of 10:39 a.m, revisiting the high set on Tuesday. However, the contract then worked lower for the entire afternoon, trading within the $6.19-6.29 range, before settling at $6.219, down 9.1 cents on the day.

As part of Evening Cycle scheduling for Friday’s gas day, Tennessee said it anticipated adjusting each Zone 0 100 Leg Supply Aggregation Contract to a tolerance of 100 dekatherms. Pool receipts and deliveries will be adjusted based on rankings provided in the contract, the pipeline said. It also urged Zone 1 100 Leg Supply Aggregation customers to review their pool imbalances for Friday and resolve any exceeding the 100-dekatherm limit by Cycle 1 scheduling in order to avoid having those adjusted.