electric

Citing the mild hurricane season, increased U.S. natural gas production and its “proactive procurement” program, Baltimore Gas and Electric Co. (BGE), a utility subsidiary of Constellation Energy, announced Tuesday that its residential customers can anticipate a 15% decrease from last winter in the gas portion of their total bill during the upcoming winter heating season, which begins Nov. 1, 2006 and runs through March 31, 2007.

Pacific Gas & Electric did not extend a systemwide Stage 3 high-inventory OFO beyond Tuesday.

Southern California Gas kept a high-linepack OFO issued for Saturday in place through Sunday before lifting it Monday.

Energy savings of at least 10% in January and February next year can earn Pacific Gas and Electric Co. natural gas utility customers 20% discount on their subsequent monthly bills under a program authorized Thursday by the California Public Utilities Commission (CPUC). The “10/20 Program” applies to all PG&E gas customers — residential, business, agricultural and government entities.

The former chief of American Electric Power’s (AEP) Gulf trading desk last week agreed to pay a $350,000 fine to the Commodity Futures Trading Commission (CFTC) to settle charges that he directed AEP natural gas traders to submit misleading or knowingly inaccurate information to two Platts’ publications, Gas Daily and Inside FERC’s Gas Market Report for almost two years.

Pacific Gas & Electric will end Friday a Stage 3 high-inventory OFO that had been in effect since Tuesday.

The former chief of the American Electric Power’s (AEP) Gulf trading desk agreed to pay a $350,000 fine to the Commodity Futures Trading Commission (CFTC) to settle charges that he directed AEP natural gas traders to submit misleading or knowingly inaccurate information to two Platts’ publications, Gas Daily and Inside FERC’s Gas Market Report for almost two years (see Daily GPI, Sept. 21, 2005).

As part of the ongoing integrated resource plan (IRP) state regulatory proceeding, Nevada’s two major private sector electric utilities agreed in a stipulation earlier in September to modify their approach to natural gas price hedging. The state attorney general’s consumer protection bureau, Nevada Resort Association and Nevada Public Utilities Commission (PUC) staff engineered the agreement with the utilities, which still must be approved by the three-member PUC.

Pacific Gas & Electric did not extend a systemwide Stage 3 high-inventory OFO beyond Tuesday.