Plenty

The cash market had plenty of help in achieving increases at most locations Wednesday. There was the previous day’s rally by August futures, rising temperatures in several regions boosting power generation demand, and the lingering potential for a tropical storm approaching the offshore production area by early next week.

While not wavering in their long-term support, major California utilities such as Southern California Edison Co. (SCE) envision plenty of real-world challenges to the state’s increased renewable energy goal of 33%. Reaching that goal by 2020 holds major implications for the state’s transmission grid and existing fleet of natural gas-fired generation plants, according to Edison International CEO Ted Craver, who spoke last Friday on a third quarter earnings conference call.

Even with a severe winter storm bearing plenty of snow and ice bearing down on the region, triple-digit plunges by Northeast citygates were the only significant exceptions to overall firmness in the rest of the cash market Tuesday. Heating load remained plentiful for Wednesday as the storm left power outages and sheets of ice behind as it departed the Midwest and Midcontinent for its move into the Northeast and Mid-Atlantic.

Chesapeake Energy Corp. has “plenty of liquidity” and will be able to weather the economic storm by neutralizing capital expenditures (capex) over the next two years, CEO Aubrey McClendon told investors Monday. Even with flat spending, the Oklahoma City-based natural gas driller expects to achieve 5-10% production growth in 2009 and 10-15% gains in 2010.

Mexico has plenty of oil and natural gas reserves, but it will take an infusion of technology and expertise to fully unlock them, energy officials said last week.

Mexico has plenty of oil and natural gas reserves, but it will take an infusion of technology and expertise to fully unlock them, the CEO of the Mexican Petroleum Institute said Tuesday.

Alaska’s North Slope “has plenty of potential” providing some assumptions are met, not the least among them is the development of a natural gas pipeline, which would commercialize the region’s vast reserves and even extend interest in further oil exploration, according to a report from the U.S. Department of Energy (DOE).

Alaska’s North Slope “has plenty of potential” providing some assumptions are met, not the least among them is the development of a natural gas pipeline, which would commercialize the region’s vast reserves and even extend interest in further oil exploration, according to a report from the U.S. Department of Energy (DOE).

The Long Island Power Authority (LIPA), which is now testing the 660 MW Neptune subsea electric transmission cable, expects to have plenty of electricity to meet base summer peak demand of about 5,300 MW in its control area, as well as an extreme peak demand of 5,936 MW.