The Oklahoma Corporation Commission (OCC) has approved an order that helps defray higher summer electricity costs with more than $2.7 million in fuel cost credits for Oklahoma Gas and Electric Co. (OG&E) ratepayers. The customer credit amounts to 0.000138 cents per kilowatt hour or an average of 13.8 cents per month for the average residential electricity user’s bill. The customer credit is part of a stipulated agreement worked out between the OCC public utility division staff, OG&E, the state attorney general and Oklahoma Industrial Energy Consumers that applies to cost recovery for gas transportation savings that result from competitive bidding. Each OG&E customer will start seeing the credit with the July billing cycle and continue to receive it until amended by the company at the direction of the Commission.
Helps
Articles from Helps
Planalytics’ Tool Helps Manage Gas Costs
Dow Hydrocarbons and Resources Inc. has renewed its contract touse Planalytic’s Weathernomics Gas Buyer to help manage natural gascosts. The Web-based tool is used for financial risk management tobuy and sell natural gas, suggesting specific buying actions toreduce risk presented by the weather in gas prices for up to oneyear into the future.
Eastern Heat Helps Keep Cash Prices from Falling
Some sources figured the screen’s steep drop Friday afternoonwould have a depressing effect on cash numbers Monday, but theyreckoned without the heat that began blanketing the U.S. east ofthe Mississippi River over the weekend and continued through earlythis week.
Coral Helps Terra Improve Procurement
Coral Energy entered into an energy alliance with TerraIndustries Inc., an international chemicals company, to increasethe energy efficiency of Terra’s Blytheville, AR, chemical facilityusing Coral Site Advantage, Coral’s proprietary measurement,benchmarking and energy modeling program. Terms of the arrangementwere not released. The program will begin with a comprehensiveanalysis of energy requirements throughout the chemical complex.This information will be used in the development of a modelingprogram to establish a benchmark for optimal energy usage. “Energyis the major cost component at each of our manufacturingcomplexes,” said Mike Bennett, executive vice president for Terra.”The first step in that process is determining our precise energyneeds, which is a strength of the Coral Energy program. We expectto quickly achieve savings by becoming a more efficient energyuser.” Once the modeling system is in place, Coral will work withTerra to develop a multi-year energy savings plan, initiallyfocusing on energy utilized within existing plant processes. Coralwill receive compensation for its Coral Site Advantage servicesbased upon a portion of Terra’s measured energy savings.
Heat Helps Market Avoid Usual Weekend Slump
Cash prices ignored a falling screen and the usual lower gasdemand of a weekend, instead using growing heat in the Northeastand Midwest to fashion an overall flat market Friday. The East hadmore of the mild firmness while small declines tended to clustermore in the West. That was best illustrated by the day’s extremes:increases of more than a nickel for citygates in the hot and humidNortheast, as opposed to a drop of a nickel at the PG&Ecitygate, where the utility had a high-inventory OFO in effect (seeTransportation Notes).
Wholesale Helps Drive Enron Net Income Up 18%
Enron likes to say about half its earnings come from businessesthat didn’t even exist five years ago. Considering the company’sresults for 1Q 1999, that bodes well for areas where the big E isjust now getting its feet wet, such as retail energy services,water, and communications.
Wholesale Helps Drive Enron Net Income Up 18%
Enron likes to say about half its earnings come from businessesthat didn’t even exist five years ago. Considering the company’sresults for 1Q 1999, that bodes well for businesses where the big Eis just now getting its feet wet, such as retail energy services,water and communications.
Electric Load Helps Generate Higher Gas Prices
Cash prices continued on an upward track Thursday, although thegains were a bit smaller than those posted Wednesday. A fewincreases barely exceeded a nickel, such as at Waha and the HoustonShip Channel, where Texas air conditioning load is growing.Northeast citygates tended to go up about a nickel as a sourcereported storage demand rising there now that the injection seasonis under way. Most other points rose between 2 and 4 cents. It’sthe same old story about why the market has been fairly strong thisweek, a trader said-power generation load, a firm screen andwestern cold.
Texas Heat Helps Generate Higher Prices
Cash prices tended to make modest gains Thursday, with most ofthe strength concentrated at Texas points where significant airconditioning load is developing. Houston’s heat index shot up to102 degrees in the afternoon, said a local source. That caused ShipChannel numbers to rise a little over a nickel to the $2.20 area.Waha prices also benefited from the statewide heat and also roseslightly more than a nickel into the low $2.12s. However, late Wahaprices were tailing off slightly, a marketer said. The Texasheat-related upticks carried over into the Permian and San JuanBasins in a domino effect, another trader said.
