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FERC Sees Gas Prices as ‘Clear Driver’ for Summer Power Prices

Higher natural gas prices will be a “clear driver” for wholesale electricity prices this coming summer across the entire United States, FERC analysts said Thursday.

May 18, 2007

May Futures Expire Middle of the Range; June Still Looks Range-Bound

After exploring the entire range of its $7 to $8 borders during the last month, it was only fitting that May natural gas futures would go off of the board Thursday afternoon right in the middle at $7.508, down 18.1 cents on the day. June natural gas, which steps up to front-month status, dropped 17.9 cents to $7.602.

April 27, 2007

Cove Point Plans June Maintenance Shutdown; Market Impact Assessed

Dominion Cove Point plans to shut down its liquefied natural gas (LNG) terminal in Lusby, MD, for the entire month of June to carry out maintenance related to the expansion of its facilities. A major customer of the terminal believes the impact of the temporary closure of the 1 Bcf/d plant on the U.S. gas market will be minimal.

April 9, 2007

Cove Point Plans June Maintenance Shutdown; Market Impact Assessed

Dominion Cove Point plans to shut down its liquefied natural gas (LNG) terminal in Lusby, MD, for the entire month of June to carry out maintenance related to the expansion of its facilities. A major customer of the terminal believes the impact of the temporary closure of the 1 Bcf/d plant on the U.S. gas market will be minimal.

April 5, 2007

Prices Up at Most Points, But Rockies Quotes Dive

Colder weather returning to northern market areas combined with rising power generation load for air conditioning needs along the entire southern rim of the U.S. to boost prices at most points. The cash market also had residual support from Friday’s 12.1-cent advance by May futures.

April 3, 2007

Connecticut Delegation United in Opposition to Broadwater Project

The entire seven-member Connecticut congressional delegation expressed its “strong and united opposition” to Broadwater Energy LLC’s controversial deepwater liquefied natural gas (LNG) import terminal in a recent letter to FERC Chairman Joseph Kelliher.

January 22, 2007

Connecticut Delegation United in Opposition to Broadwater Project

The entire seven-member Connecticut congressional delegation expressed its “strong and united opposition” to Broadwater Energy LLC’s controversial deepwater liquefied natural gas (LNG) import terminal in a letter Friday to FERC Chairman Joseph Kelliher.

January 17, 2007

Nearly All of West Joins East in Cash Declines

Almost the entire cash market fell Tuesday as heating load remained scarce despite a snowstorm that will be bearing down on the central Plains Wednesday. Only a nickel rise by Questar prevented across the board losses.

December 20, 2006

Transportation Notes

High line pack exists on Kern River’s entire system. Shippers and operators were asked by the pipeline Monday to stay on rate.

December 12, 2006

Futures Remain Range-Bound; All Eyes on Weather

After trading lower than Thursday’s close for the entire morning Friday, August natural gas futures did a complete reversal in the afternoon. After recording a $5.880 low early in the day and a high of $6.150 late in the session, the prompt month ended up at $6.139, up 4.8 cents on the day, but 20.8 cents lower than the previous week’s close.

July 24, 2006
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