Inventory

Pacific Gas and Electric is keeping a systemwide Stage 2 low-inventory OFO in effect through at least Friday but said the tolerance on negative daily imbalances will be loosened from 5% to 16%.

Pacific Gas and Electric declared a systemwide Stage 2 low-inventory OFO for Thursday on its California Gas Transmission system, setting penalties of $1/Dth for exceeding a 5% tolerance on negative daily imbalances.

February natural gas futures scored a second straight double-digit advance Thursday as traders reacted to a bullish inventory report and were forced to cover short positions.

Pacific Gas and Electric issued a systemwide Stage 2 low-inventory OFO for Monday on its California Gas Transmission system and kept it in place through at least Tuesday, maintaining penalties on both days of $1/Dth for exceeding a 5% tolerance on negative daily imbalances.

Pacific Gas and Electric did not extend a systemwide high-inventory OFO beyond Wednesday.

Pacific Gas and Electric issued a systemwide Stage 2 high-inventory OFO for Wednesday on its California Gas Transmission system, setting penalties of $1/Dth for exceeding a 5% tolerance on positive daily imbalances.

Pacific Gas and Electric issued a customer-specific Stage 2 high-inventory OFO for Wednesday but is allowing it to expire Thursday.

Pacific Gas and Electric declared a systemwide Stage 2 high-inventory OFO on its California Gas Transmission system for Saturday, setting penalties of $1/Dth for exceeding a 5% tolerance on positive daily imbalances.

Pacific Gas and Electric will end a systemwide high-inventory OFO Thursday.