Emulating actions it took earlier in the week (see Daily GPI, Nov. 16), Pacific Gas & Electric late Thursday afternoon notified shippers that a customer-specific high-inventory OFO would be in place Friday and then expanded it to a systemwide Stage 3 high-inventory OFO for Saturday. The Stage 3 order carried penalties of $5/Dth for exceeding a 10% tolerance on positive daily imbalances.
Emulating
Articles from Emulating
Cold Keeps Cash Prices From Emulating Screen Dive
Despite severe erosion of Nymex futures prices for natural gas, crude oil, heating oil and Appalachian coal Monday morning, cash gas numbers refused to “follow the screen.” Cash quotes ranged from flat to a few cents higher or lower in most market areas. Rockies points were recovering from Friday’s plunge that had a few priced below a dollar for a while. Deals for CIG, Cheyenne Hub and Questar gas could still be found in the $0.90s Monday, but generally they were in the $1.00s, according to a couple of marketers.
September 25, 2001
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