Heat

The cash market reacted as expected to Monday’s futures weakness and further declines in fundamental weather support, registering drops between about a nickel and 20 cents at nearly all points Tuesday. Those in the range of 10-15 cents formed a slight majority.

A request by Great Lakes Gas Transmission to exclude “sole-source” shippers from curtailment during the ongoing force majeure situation on its pipeline system has drawn criticism from the shippers whose service would continue to be curtailed.

A request by Great Lakes Gas Transmission to exclude “sole-source” shippers from curtailment during the ongoing force majeure situation on its pipeline system has drawn criticism from the shippers whose service would continue to be curtailed.

FERC Chairman Pat Wood last Wednesday was pressed by U.S. lawmakers to explain why FERC’s sweeping standard market design (SMD) proposal for U.S. wholesale power markets is needed given that many of the representatives’ states already have low power rates and reliable sources of electricity.

Last week may prove memorable for what it wasn’t, as much as for what it was, when it came to energy companies and the New York Stock Exchange. It was a miserable week, all in all, with the only bright edges seen on Friday, when the shares of most of the merchants and utilities saw a little daylight. Wary investors may have hedged their bets a little, because energy stocks were lower overall than they’ve been in years.

Last week may prove memorable for what it wasn’t, as much as for what it was, when it came to energy companies and the New York Stock Exchange. It was a miserable week, all in all, with the only bright edges seen on Friday, when the shares of most of the merchants and utilities saw a little daylight. Wary investors may have hedged their bets a little, because energy stocks were lower overall than they’ve been in years.

Weather Services International (WSI) sees a continuation of above normal heat for the upcoming three months for much of the United States, including the East, the Southwest, Pacific Northwest, California and the Rockies, while cooler than normal temperatures are forecast for the Midcontinent, Midwest and Great Lakes states (e.g., Minneapolis, Chicago, Kansas City, Dallas and Houston).

Weather Services International (WSI) sees a continuation of above normal heat for the upcoming three months for much of the United States, including the East, the Southwest, Pacific Northwest, California and the Rockies, while cooler than normal temperatures are forecast for the Midcontinent, Midwest and Great Lakes states (e.g., Minneapolis, Chicago, Kansas City, Dallas and Houston).

High heat levels were returning Monday in some areas that had enjoyed some weekend relief, such as the Northeast, and never really left other areas, such as the South. The resultant power generation load was being felt in rising gas prices at nearly every point. Except for flat to slightly higher numbers for some Rockies pipes, Niagara, and ANR ML7, price increases elsewhere ranged from about a nickel to more than 40 cents at Transco Zone 6-New York City pool. Most were in the vicinity of a dime.