Highlights

More Peaks, Gas Use Highlight Summer 2006 Power; FERC Expands Info

More record peak power loads across the country and increased natural gas use were two major highlights of the U.S. electric power market in the summer of 2006, but overall power consumption only inched up, according to a report released by the Federal Energy Regulatory Commission last Thursday. The report appeared on new Market Oversight web pages unveiled at the Commission’s regular meeting.

January 22, 2007

Rising Power Rates Prompt Legislative Plans in Multiple States

A new report by Merrill Lynch highlights the wave of legislative proposals in Illinois, Maryland, Delaware and Connecticut prompted by rising utility rates due to the expiration of rate caps and higher power prices. Several proposals call for utility reregulation, while others would extend rate caps or place new limits on how much rates could rise in a year.

March 13, 2006

FERC Staff’s 2004 Market Review Highlights Rising Prices, Changing Market Dynamics

“Broad upward price pressure” and changing market dynamics were among the leading highlights of a 255-page 2004 State of the Markets Report released last week by FERC’s Office of Market Oversight and Investigations (OMOI).

June 20, 2005

Generators: PJM Plant Retirement Plan Highlights Bigger Problems

Regardless of the merits or faults of a recently proposed generator retirement policy by PJM Interconnection, there are deeper market design flaws that the regional transmission organization (RTO) must address in order to ensure reliability in its footprint, generators told FERC in recent filings [EL03-236].

December 6, 2004

WSI Expects Generally Warm December; NOAA Highlights Cold Winter for East

WSI Corp. released a winter weather forecast last week that is bearish for natural gas prices in December when warmer temperatures are expected across most of the nation except for the North Central region.

November 29, 2004

WSI Expects Generally Warm December; NOAA Highlights Cold Winter for East

WSI Corp. released a winter weather forecast on Monday that is bearish for natural gas prices in December when warmer temperatures are expected across most of the nation except for the North Central region.

November 23, 2004

WSI Expects Generally Warm December; NOAA Highlights Cold Winter for East

WSI Corp. released a winter weather forecast on Monday that is bearish for natural gas prices in December when warmer temperatures are expected across most of the nation except for the North Central region.

November 23, 2004

Upstream Spending Highlights E&P Budgets for 2004

Several of North America’s largest producers unveiled their 2004 budgets last week, including ChevronTexaco Corp., ConocoPhillips, Burlington Resources Inc., Pioneer Natural Resources Co. and Nexen Inc. The budgets are a mixed bag, but all have set aside a solid chunk of cash for upstream exploration and natural gas projects, both domestically and overseas.

December 22, 2003

Wood: Blackout Highlights Need for Electric ‘Traffic Controller’

The recent wave of power outages that hit parts of the Midwest, Northeast and eastern Canada last month offer a stark reminder that there is a need for electric grid operators such as the Midwest Independent Transmission System Operator (MISO) to serve as electric “traffic controller(s)” in the management of power flows over the country’s transmission lines, FERC Chairman Pat Wood said last week.

September 1, 2003

Wood Highlights Industry’s Progress in Increasing LNG Supply

FERC Chairman Pat Wood said the testimony of Federal Reserve Chairman Alan Greenspan last week underscored the economic importance of abundant, reasonably-priced natural gas. He also noted that the industry is well on its way toward increasing imports of liquefied natural gas (LNG).

June 16, 2003