Generation

Northeast power generation demand provides more than enough support to advance the Access Northeast project of the Algonquin Gas Transmission and Maritimes & Northeast (M&NE) pipelines, Spectra Energy Corp. CEO Greg Ebel said Wednesday.

Northeast power generation demand provides more than enough support to advance the Access Northeast project of the Algonquin Gas Transmission and Maritimes & Northeast (M&NE) pipelines, Spectra Energy Corp. CEO Greg Ebel said Wednesday.

Natural gas for weekend and Monday delivery fell hard in Friday’s trading as forecasts for mild weather proliferated in major population centers and traders saw little need to commit to three-day deals.

Natural gas for weekend and Monday delivery fell hard in Friday’s trading as forecasts for mild weather proliferated in major population centers and traders saw little need to commit to three-day deals.

Low prices are making natural gas an attractive buy for power generators, but — despite recent forecasts to the contrary — coal might not take a back seat to gas in 2016, according to FERC staff.

Natural gas, which surpassed coal’s share of domestic power generation for the first time ever last spring, is likely to make 2016 the first year that gas-fired generation exceeds coal generation in the United States on an annual basis, according to the Energy Information Administration (EIA).

Cheap natural gas and increased efficiencies are driving down costs for customers of Florida Power & Light Co. (FPL). State regulators have approved a rate cut to start next month along with the commissioning of FPL’s Port Everglades Next Generation Clean Energy Center.

March natural gas is set to open 2 cents lower Friday morning at $1.83 as weather forecasts continue the trend of moderation with little in the way of market-moving developments on the horizon. Overnight oil markets fell.

A proposal in the Oregon legislature (HB 4036) advocating clean electricity could alter the state’s natural gas-fired generation, and a troubled gas-fired plant under construction in the state is back on track and should open later this year, Portland General Electric (PGE) CEO Jim Piro said Friday.