Overall

Saying its overall linepack was low because Tropical Storm Barry had “significantly affected receipt gas” and market area demand was strong, Florida Gas Transmission issued an Overage Alert Day for Monday’s gas day with a 10% tolerance for negative daily imbalances.

The Oklahoma Corporation Commission (OCC) has begun two unique pilot hedging programs for the state’s largest gas and electric utilities as part of an overall plan to lessen the impact of energy price volatility on consumers. The OCC order, announced last week, for the first time involves all the major utilities, and is part of a concerted effort to find solutions to the impact of high market prices that have hit the state and the rest of the nation for more than a year.

The Oklahoma Corporation Commission (OCC) has begun two unique pilot hedging programs for the state’s largest gas and electric utilities as part of an overall plan to lessen the impact of energy price volatility on consumers. The OCC order, announced this week, for the first time involves all the major utilities, and is part of a concerted effort, to find solutions to the impact of high market prices that have hit the state and the rest of the nation for more than a year.

Citing warmer weather in its market area and lower overall linepack, Florida Gas Transmission issued an Overage Alert Day notice Tuesday with 15% tolerance for negative daily imbalances.

Citing warmer weather in its market area and lower overall linepack, Florida Gas Transmission issued an Overage Alert Day notice with 5% tolerance for negative imbalances Tuesday. FGT bases its decision on whether to extend an OFO on a review of the situation prior to the start of each gas day.

Due to warmer weather in its market area and lower overall linepack, Florida Gas Transmission issued Thursday an Overage Alert Day notice with 15% tolerance for negative imbalances.

It was an easy call to predict lower prices for the low-demand Memorial Day weekend, so nobody got caught by surprise Friday when an across-the-board dive swept the market. No point fell less than 20 cents, and western declines tended to be significantly larger than that.

PJM Interconnection recently said that it expects its peak load this summer will come in at 52,977 MW, with a reserve margin of 17.7%. Overall, PJM said that its forecasted 2001 summer situation will be similar to the summer of 2000.

Bucking the overall trend in Canada of little to no progress on the electric competition front, Alberta and Ontario earned high marks in a recently released report issued by the Center for the Advancement of Energy Markets (CAEM).