Kept

Pacific Gas and Electric kept a systemwide Stage 2 high-inventory OFO in place through at least Friday but loosened the tolerance for positive negative imbalances from 5% to 13%.

Florida Gas Transmission kept an Overage Alert Day in effect through at least Friday but loosened the tolerance for negative imbalances from 10% to 25%.

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.

Chilly temperatures kept upward pressure on a vast majority of cash point averages on Tuesday except for a handful of Northeast points, which recorded drops of $2.20 to more than $5 as the coldest temperatures associated with Sunday’s blizzard began to subside.

In the second biggest natural gas market in the United States, California energy officials have kept a keen eye fixed on shale gas, and their revised energy plans and forecasts next year and beyond will reflect a greater impact from North America’s energy game-changer, the author of the California Energy Commission’s (CEC) latest report on shale gas told NGI during an interview this week.

Florida Gas Transmission kept an Overage Alert Day, implemented Friday, in place through Saturday before ending it Sunday.

Florida Gas Transmission kept a market-area Overage Alert Day that was issued Monday in effect through at least Tuesday and tightened the tolerance for negative daily imbalances from 20% to 15%.

Pacific Gas and Electric did not extend a Stage 2 high-inventory OFO beyond Friday.

With the peak season for Atlantic hurricanes upon us as the calendar flips to August, natural gas futures kept the momentum to the upside rolling on Friday as the September contract added 9.6 cents to $4.923. The contract closed the week 36 cents higher than the previous week.