Pg&E

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…

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…

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…

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…