Declining hydropower availability in the Pacific Northwest points to a higher reliance on natural gas in the future, according to a new report by the Northwest Gas Association (NWGA), a group that includes the major gas distribution and transmission companies in the region, which includes 44,000 miles of gas pipelines and about 2.5 million gas consuming homes, businesses and industry.
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FERC Staff Sees Multiple Areas of Concern in Summer Energy Markets
Expected tight power supplies and transmission constraints in California, New York City, Long Island and southern Connecticut, and high and volatile energy prices across the board highlighted a summer assessment by FERC’s Office of Market Oversight and Investigation (OMOI) at a regular Commission meeting on Thursday.
Report Focuses on Strong Summer Gas Prices
Scorching summer heat, high oil prices and a weak hydropowersupply should lead to a significant increase in gas demand thisyear, according to a report issued last week by Friedman, Billings,Ramsey & Co., Inc. (FBR), a Virginia-based financialinstitution. Prices will probably increase throughout the summer,the firm predicted.
Southern Buying O&R, ConEd Generation in NY
Southern Energy Inc., a unit of Southern Co., will buy 1,776 MWof gas, oil, coal and hydropower generation from Orange andRockland Utilities Inc. and Consolidated Edison Inc. in New YorkState for about $480 million. Southern also plans to spend $390million to upgrade the plants and build up to 710 MW of newgas-fired generation. Southern Energy affiliate Southern CompanyEnergy Marketing will market output from the plants.