Hovers

Spot prices at the Southern California border yesterday lostmomentum and fell back into the atmosphere at around $20/MMBtuafter holding early in the ethereal region above $40. The winterstorm that rocked the state earlier in the week moved eastward andthe initial shock of SoCalGas’ 90% balancing requirement, whichgoes into effect today in response to low storage levels, seemed tobe wearing off a little.