power generation

December Natural Gas Futures Rise After EIA Storage Withdrawal Steeper Than Expectations

December Natural Gas Futures Rise After EIA Storage Withdrawal Steeper Than Expectations

The U.S. Energy Information Administration (EIA) on Wednesday reported a withdrawal of 7 Bcf of natural gas from storage for the week ended Nov. 17. The draw proved steeper than expectations and sent Nymex natural gas futures higher. December Nymex futures were trading marginally flat on the day at around $2.843/MMBtu ahead of the noon…

November 22, 2023
Investment in Energy Infrastructure Lacking in Mexico, Expert Says

Investment in Energy Infrastructure Lacking in Mexico, Expert Says

Mexico’s transmission lines and electric power grid are insufficient to meet growing power demand across the country and require new investment, Edith Rojo Zazueta, an industrial engineer who worked previously at Mexico’s Comision Reguladora de Energia (CRE) told NGI’s Mexico GPI.  During her time at the CRE from 2021 to August of this year, Rojo…

November 3, 2023
North American Power System Transformation Said Bringing Reliability, Security Risks

North American Power System Transformation Said Bringing Reliability, Security Risks

North American policymakers need to focus on ensuring energy adequacy along with improving coordination between the natural gas and electric power industries, according to a new analysis. In the 2023 Reliability Risk Priorities report, the North American Electric Reliability Corp.’s (NERC) Reliability Issues Steering Committee (RISC) found that a fast changing energy system has “implications…

August 25, 2023
CPV’s Illinois Natural Gas Plant Said Bolstering PJM Grid 

CPV’s Illinois Natural Gas Plant Said Bolstering PJM Grid 

Competitive Power Ventures Inc.’s (CPV) $1.3 billion natural gas-fired combined-cycle power plant in northern Illinois has begun commercial operations to add 1,250 MW to the PJM Interconnection grid.  Three Rivers Energy Center is expected to bolster PJM, the regional transmission operator for 13 states and Washington, DC. The region is facing “potential resource adequacy issues…

August 24, 2023
Infrastructure and ‘Pragmatic Policy’ Key to Meeting Long-Term Natural Gas Demand

Infrastructure and ‘Pragmatic Policy’ Key to Meeting Long-Term Natural Gas Demand

Steady supplies of natural gas – and more infrastructure to deliver it – are vital for the United States to meet steady domestic consumption and elevated global demand for LNG through this decade and beyond.  Such was the prevailing sentiment among industry leaders and analysts who presented last week at the LDC Gas Forums annual…

August 21, 2023
Kentucky Utilities Looking to Retire, Replace Natural Gas Facilities, Add Renewables

Kentucky Utilities Looking to Retire, Replace Natural Gas Facilities, Add Renewables

Louisville Gas & Electric Co. (LG&E) and Kentucky Utilities Co. (KU) have filed a joint application requesting approval by the Kentucky Public Service Commission (PSC) to retire and replace three natural gas simple-cycle combustion turbines and four coal-fired electric generating units.  Under the proposal, the utilities would replace the retired facilities with two natural gas…

August 18, 2023
Mexico’s CFE Swings to Profit on Lower Natural Gas Prices

Mexico’s CFE Swings to Profit on Lower Natural Gas Prices

A year/year plunge in natural gas prices buoyed second-quarter earnings for Mexico’s state power company Comisión Federal de Electricidad (CFE), according to management. CFE operates about 34 GW of natural gas-fired power plants, and is Mexico’s primary importer and marketer of natural gas via pipeline from the United States. Mexico’s imports of U.S. gas have…

August 15, 2023
Canada Mapping Electric Path, with Natural Gas-Fired Generation in Mix

Canada Mapping Electric Path, with Natural Gas-Fired Generation in Mix

Natural gas-fired power plants would continue to be a reliable energy supplier for Canada under proposed revisions to the nation’s electricity regulations. Under draft rules issued Thursday, thermal generation including natural gas would be accepted if the operations include removing greenhouse gas (GHG) emissions using carbon capture and storage (CCS). Federal and provincial incentives would…

August 11, 2023
August Baseload Natural Gas Trending Lower as Lofty Supplies Outweigh Sweltering Summer Heat

August Baseload Natural Gas Trending Lower as Lofty Supplies Outweigh Sweltering Summer Heat

Baseload natural gas prices for August trended lower on the first day of bidweek trading, according to NGI’s Bidweek Alert. The modest price declines occurred against a backdrop of stubbornly high storage levels and lofty production levels, which have been offset only by strong summer heat in the West and Texas. Despite the modest weakness…

July 26, 2023
Natural Gas Key in Mexico Energy Transition, Nearshoring Opportunity, Says Valia Energía CEO

Natural Gas Key in Mexico Energy Transition, Nearshoring Opportunity, Says Valia Energía CEO

“The most important opportunities for the future are without question tied to the energy transition in Mexico,” Narcis de Carreras, CEO of Valia Energia in Mexico City, told NGI’s Mexico GPI. “Across all of these developments, natural gas will continue to play a central and key role for many more years and will be relied…

July 21, 2023