Pg&E

Even as natural gas pipeline operators take action to balance system capacity with an oversupply of natural gas flooding the market, prices at the SoCal Citygate have consistently held a substantial premium to values at nearby delivery locations, prompting the question, why? Spot prices at SoCal Citygate averaged less than $1.00/MMBtu above the Henry Hub…

Renewable natural gas (RNG) and biofuels producer Aemetis Inc. has closed the sale of $53 million in investment tax credits created through the Inflation Reduction Act (IRA) as a part of its first wave of projects expected to be accelerated by the legislative program. The California-based company disclosed that it wrapped up at the end…

Higher natural gas costs resulting from colder weather, historically low natural gas storage levels and regional pipeline constraints nearly doubled Pacific Gas and Electric Corp.’s (PG&E) natural gas expenditures in the first quarter of the year. Total natural gas costs surged to $916 million, compared with $561 million in 1Q2022. Purchased natural gas costs increased…

Natural gas futures forged higher for a sixth consecutive session on Wednesday as traders focused on weakening production and forecasts for chilly March conditions. The April Nymex gas futures contract settled at $2.811/MMBtu, up 6.4 cents day/day. May rose 8.0 cents to $2.943. At A Glance: Analysts see storage pull in 70s Bcf Mid-March forecasts…

Soaring premiums along the West Coast and deep discounts for the rest of the Lower 48 produced a week of varied price action for regional natural gas forwards during the Dec. 1-7 trading period, NGI’s Forward Look data show. Amid reports of a curtailment in volumes flowing through Gas Transmission Northwest’s (GTN) Kingsgate location along…

The Department of Energy (DOE) has conditionally awarded $1.1 billion in federal funding to Pacific Gas and Electric Co. (PG&E) to support extending operations at California’s last remaining nuclear power plant. PG&E’s 2.2 GW Diablo Canyon Power Plant (DCPP) in San Luis Obispo County provides about 17% of California’s carbon-free electricity and 8.6% of the…

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…

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…

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…