Florida

Natural Gas Futures Soaring as Summer Optimism Continues — MidDay Market Snapshot

Natural Gas Futures Soaring as Summer Optimism Continues — MidDay Market Snapshot

Natural gas futures continued to soar through midday trading Monday, with warm May temperatures hinting at upcoming summer cooling demand to keep bulls firmly in control. Here’s the latest: June Nymex futures at $2.741 at around 2:10 p.m. ET, up 11.5 cents Speculators as a group covered short positions during the week ended May 14,…

May 20, 2024
Pilot LNG Advancing Gulf Coast LNG Bunkering Terminal Near Houston

Pilot LNG Advancing Gulf Coast LNG Bunkering Terminal Near Houston

Pilot LNG LLC has landed a new partner to help it develop the Gulf Coast’s first facility dedicated entirely to refueling vessels with LNG. The company said it has entered a joint venture with Seapath, which invests in maritime infrastructure, to help fund a $150 million project in the Galveston Bay area southeast of Houston…

October 2, 2023
Chesapeake Utilities Snaps Up NextEra’s Florida City Gas in $923M Deal

Chesapeake Utilities Snaps Up NextEra’s Florida City Gas in $923M Deal

Chesapeake Utilities Corp. has agreed to pay $923 million in cash to acquire NextEra Energy Inc. subsidiary Florida City Gas (FCG), which, once complete, is expected to more than double Chesapeake’s natural gas business in the state.  FCG, a subsidiary of NextEra’s Florida Power & Light Co., owns and operates about 3,800 miles of distribution…

September 29, 2023
Natural Gas Futures Nudge Higher as Traders Zero In on Continued Heat; Cash Strong

Natural Gas Futures Nudge Higher as Traders Zero In on Continued Heat; Cash Strong

Natural gas futures were higher on Monday after the weekend models showed hot weather returning to the Lower 48 following the Labor Day holiday. After soaring to a $2.695 intraday high, the September Nymex gas futures contract settled at $2.579/MMBtu, up 3.9 cents from Friday’s settlement. October futures edged up only eight-tenths of a cent…

August 28, 2023
NextEra ‘Running Hard’ at Green Hydrogen, Planning to Blend in Natural Gas Pipeline

NextEra ‘Running Hard’ at Green Hydrogen, Planning to Blend in Natural Gas Pipeline

Florida-based NextEra Energy Inc. is taking advantage of federal incentives to boost its advantage in renewable natural gas (RNG) and green hydrogen.  CFO Kirk Crews highlighted how the Inflation Reduction Act (IRA) is boosting the company’s ability to add the clean energy assets to its portfolio as it aims to supply a growing customer base…

May 3, 2023
Natural Gas Forward Curves Retreat as Deadly Ian Rages Across Southeast

Natural Gas Forward Curves Retreat as Deadly Ian Rages Across Southeast

With natural gas production remaining stout – even amid temporary shut-ins ahead of Hurricane Ian – and cooler weather leaving its mark on storage inventories, natural gas forward prices continued to fall during the Sept. 22-28 week, according to NGI’s Forward Look. In the latter part of the period, all attention was on Florida, where…

September 30, 2022
Duke’s Proposed Rate Hike in Florida Designed to Offset Natural Gas Price Volatility

Duke’s Proposed Rate Hike in Florida Designed to Offset Natural Gas Price Volatility

Duke Energy Florida earlier this month proposed an electricity rate hike to mitigate the impact of volatile natural gas prices. The “fuel adjustment” would be tacked onto residential, commercial and industrial power bills from March through at least February 2023, the Duke Energy Corp. subsidiary said. The measure would translate to a $6.62 increase in…

December 27, 2021
Trump Reverses Course on Offshore Drilling by Extending, Expanding Atlantic Ban

Trump Reverses Course on Offshore Drilling by Extending, Expanding Atlantic Ban

In a policy about-face, President Trump extended a moratorium on oil and natural gas development in the eastern Gulf of Mexico (GOM) and expanded the ban to the Atlantic coasts of Florida, Georgia and South Carolina. The president, speaking Tuesday in Jupiter, FL, near his Mar-a-Lago Club in Palm Beach, threw a political bone to…

September 9, 2020

Mirabito Launches Carbon Offset Plan for Florida Customers

Genie Energy subsidiary Mirabito Natural Gas has launched MirabitoClean to offset the carbon emissions of its Florida customers, which in turn would fund renewable energy projects around the United States.

June 12, 2019
Callahan Intrastate Pipeline to Expand Natural Gas Service to Northeast Florida

Callahan Intrastate Pipeline to Expand Natural Gas Service to Northeast Florida

Chesapeake Utilities Corp. affiliate Peninsula Pipeline Co. and SeaCoast Gas Transmission affiliate TECO Peoples Gas (PGS) plan to jointly develop a pipeline to bring additional natural gas capacity to the Jacksonville area of northeastern Florida, the companies said Wednesday.

May 23, 2019
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