Projecting

Although Thursday it was projecting above-target linepack for the gas days of Friday and Saturday, Pacific Gas & Electric did not extend a high-inventory OFO beyond Thursday.

Projecting that its linepack would rise above maximum target levels over the weekend, Pacific Gas & Electric issued a systemwide Stage 2 high-inventory OFO for Saturday. The order carried penalties of $1/Dth for exceeding a relatively lenient tolerance of 9% for positive daily imbalances.

Projecting a need for additional resources starting in 2011, Xcel Energy this week told Minnesota utility regulators that the company plans to initiate an all-source bidding process in 2005 for up to 450 MW of generation to be in service between 2011 and 2013.

Projecting that its linepack would be below minimum target levels through Friday, Pacific Gas & Electric issued a customer-specific OFO for Wednesday.

Despite projecting Thursday morning that linepack would be below its minimum target level Friday, Pacific Gas & Electric did not extend a low-inventory OFO beyond Thursday.

Although as of Thursday morning it was still projecting linepack volumes above its maximum target level for Friday and Saturday, Pacific Gas & Electric did not extend a high-inventory OFO beyond Thursday.

The Energy Information Administration (EIA) is projecting that natural gas prices next winter, assuming normal weather, will hover around $3.40/Mcf, which is about $1/Mcf higher than last winter, but only 10-15% above current prices.

Florida Gas Transmission lifted Wednesday an Overage Alert Day notice for its market area that had been issued Monday.

Pacific Gas & Electric has a customer-specific OFO in place today. It was projecting Tuesday that linepack would fall slightly below its minimum target level.