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Cooler Mid-August Outlook Sends Natural Gas Futures Lower, while Rain Dampens Cash

Cooler Mid-August Outlook Sends Natural Gas Futures Lower, while Rain Dampens Cash

After choppy trading, natural gas futures slipped firmly into the red after the latest weather model dropped a decent chunk of projected demand from the 15-day forecast. The September Nymex gas futures contract settled Friday at $8.064/MMBtu, down 5.8 cents day/day. October futures fell 6.3 cents to $8.051. At A Glance: Weather models converge in…

August 5, 2022
PG&E Sees Improvement in Wildfire Mitigation as California Blazes Continue

PG&E Sees Improvement in Wildfire Mitigation as California Blazes Continue

As parts of California face wildfires and the persistence of extreme dry conditions, PG&E Corp. estimates that around 90% of its wildfire risk has been mitigated by technology and program enhancements. CEO Patricia Poppe said during a second quarter conference call that new safety settings for lines and vegetation control have helped increase safety and…

August 5, 2022
PG&E Recharging with Tesla Powerwall in Virtual Power Plant Pilot

PG&E Recharging with Tesla Powerwall in Virtual Power Plant Pilot

Pacific Gas and Electric Co. (PG&E) and Tesla Inc. have once again teamed up on a pilot program that would pay Tesla’s Powerwall customers to discharge energy to the energy grid during peak demand.  The program, part of the Emergency Load Reduction Program (ELRP), is a five-year pilot offered by California’s investor-owned utilities: PG&E, Southern…

July 12, 2022
PG&E Fined $1.27M Over Delays in Natural Gas Pipe Maintenance

PG&E Fined $1.27M Over Delays in Natural Gas Pipe Maintenance

California regulators handed Pacific Gas and Electric Co. (PG&E) a citation last week after the utility allegedly failed to promptly correct faults in its system used to prevent corrosion in natural gas infrastructure. In the first quarter of 2021, the San Francisco-based utility submitted an internal review to the California Public Utilities Commission’s (CPUC) Safety…

June 29, 2022
RNG Playing Key Role in Decarbonizing California, Says PG&E

RNG Playing Key Role in Decarbonizing California, Says PG&E

The goal of California-based Pacific Gas and Electric Corp. (PG&E) to have renewable natural gas (RNG) make up 15% of its core throughput is gaining steam as the utility has completed an interconnection to the transmission system.  Natural gas and electric utility PG&E Co. and renewable fuels producer Aemetis Inc. recently cut the ribbon for…

June 21, 2022
Natural Gas Forwards Fall Despite Escalating Storage Worries; Wildfire Threatening California Markets

Natural Gas Forwards Fall Despite Escalating Storage Worries; Wildfire Threatening California Markets

Against a backdrop of persistently wild swings, natural gas forward prices came tumbling down during the trading period from May 5-11, according to NGI’s Forward Look. June fixed natural gas prices averaged $1.130 lower on the week, with both the balance of summer (June-October) and the upcoming winter (November-March) also dropping more than $1.00, Forward…

May 13, 2022
PG&E Agrees to Pay $55M to Settle Dixie, Kincade Wildfire Charges in Six California Counties

PG&E Agrees to Pay $55M to Settle Dixie, Kincade Wildfire Charges in Six California Counties

The nation’s largest natural gas and electric utility, Pacific Gas and Electric Co. (PG&E), agreed to pay around $55 million to settle charges related to the 2019 Kincade and 2021 Dixie wildfires. The settlement announced Monday is with district attorneys (DA) representing six Northern California counties. As a result, no criminal charges are to be…

April 12, 2022
PG&E Equipment Said Cause of California’s Dixie Fire

PG&E Equipment Said Cause of California’s Dixie Fire

An investigation by California Department of Forestry and Fire Protection (CalFIRE) has determined that Pacific Gas and Electric Co. (PG&E) is responsible for last July’s Dixie wildfire in Northern California. After “a meticulous and thorough investigation,” CalFIRE determined the Dixie Fire was caused by “a tree contacting electrical distribution lines” owned and operated by PG&E…

January 6, 2022
Cooler Weather Forecast, Persistently Softer LNG Volumes Send Natural Gas Futures Prices Tumbling

Cooler Weather Forecast, Persistently Softer LNG Volumes Send Natural Gas Futures Prices Tumbling

After another run toward $4.200/MMBtu last week, natural gas futures took a nosedive on Monday as long-range weather forecasts continued to cool while liquefied natural gas (LNG) demand remained well off recent highs. The September Nymex gas futures contract settled at $4.060, off 8.0 cents from Friday’s close. October dropped 7.9 cents to $4.075. Spot…

August 9, 2021
PG&E Fined $106M for 2019 Power Shutoff Events

PG&E Fined $106M for 2019 Power Shutoff Events

California regulators have fined Pacific Gas and Electric Co. (PG&E) $106 million for allegedly violating guidelines in 2019 for executing planned power outages to lower wildfire risks.  The fine by an administrative law judge (ALJ) is part of an ongoing effort by the California Public Utilities Commission (CPUC) to hold the state’s major investor-owned utilities…

June 2, 2021
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