Least

Given the higher production levels and moderate summer temperatures (at least until last week), spot natural gas prices are likely to hover around $3/Mcf for the rest of the third quarter and rise later in the year, said the Energy Information Administration (EIA) last week in its Short-Term Energy Outlook for August.

Given the higher production levels and moderate summer temperatures (at least until now), spot natural gas prices are likely to hover around $3/Mcf for the remainder of the third quarter and increase moderately later in the year, said the Energy Information Administration (EIA) in its Short-Term Energy Outlook for August.

Florida Gas Transmission extended an Overage Alert Day notice for its market area through at least Tuesday but loosened the tolerance for negative daily imbalances from 10% to 15%.

Florida Gas Transmission extended an Overage Alert Day notice through at least Tuesday, maintaining the tolerance for negative daily imbalances at 10%.

Southern California Gas extended Friday’s Overnominations Day notice through at least Saturday. Pacific Gas & Electric declared a Stage 3 high-inventory OFO with $5/Dth penalties for Saturday but left the tolerance for positive imbalances relatively loose at 15%.

The Ottawa government needs to invest at least C$100 million in the Arctic to jump start economic development there, according to a report released last week by the National Round Table on the Environment and the Economy. Aside from additional investments in infrastructure or the proposed natural gas pipeline, the report noted money is needed now to improve the regulatory and investment climate in the region.

The Ottawa government needs to invest at least C$100 million in the Arctic to jump start economic development there, according to a report released Monday by the National Round Table on the Environment and the Economy. Aside from additional investments in infrastructure or the proposed natural gas pipeline, the report noted money is needed now to improve the regulatory and investment climate in the region.

At least temporarily, the slide in May swing prices came to an end for much of the cash market Thursday. Rockies/San Juan/Pacific Northwest and non-Malin California numbers remained on the downhill path, but eastern and Southwest basin prices generally ranged from flat to a dime or so higher. Most eastern points, though, were only barely above flat.

The Nevada legislature this week is expected to pass a new comprehensive energy law that delays for at least two years state efforts to restructure the electricity industry and to provide assurances that the state’s two major power utilities can recover all of their future costs. The governor is expected to sign the bill (AB 369), effectively freezing any more deregulation efforts, including the utilities’ divestiture of nine power plants (see Daily GPI, April 9).