Pacific Gas & Electric, projecting above-target linepacktoday through Sunday, issued a customer-specific OFO effectivetoday until further notice.
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EIA Predicts Supply Shortfall Will Linger Through Winter
The Energy Information Administration said in its SeptemberShort Term Energy Outlook it is projecting natural gas prices atthe wellhead will increase by about 87% this winter (October-March)compared to last winter. Residential prices for gas are expected torise on average by 27% compared to last year. For the entire year,the average wellhead price for natural gas is projected to be$3.40/Mcf, the highest annual wellhead price on record (ininflation-adjusted terms, it would be the highest annual averageprice since 1985).
DENA Firing Up New Plants for Summer Peak
Duke Energy North America (DENA) will be firing up about 2,300MW of new merchant generation capacity this summer to capture someof the load growth and higher electric power prices in Texas, theMidwest and New England.
Transportation Notes
Pacific Gas & Electric issued a customer-specific OFO totake effect today. As of Tuesday morning the utility was projectingabove-target linepack levels through Friday.
Transportation Notes
After having a customer-specific OFO in effect for Wednesdayonly, Pacific Gas & Electric issued a new customer-specific OFOfor Saturday and was projecting above-target linepack Saturdaythrough today. An unplanned outage prompted Transwestern toallocate San Juan Lateral volumes for the Intraday 1 cycle Friday,affecting 18 points.
Transportation Notes
Despite projecting linepack within its operating limits targetrange, Pacific Gas & Electric extended a high-inventory OFO (seeDaily GPI, March 15 and March 16) into its third day today butloosened the tolerance for positive imbalances slightly from 1% to2%. The utility expects linepack to exceed its upper limit targetagain Saturday.
EIA Outlook Shows Tough Challenges Ahead for Producers
The Energy Information Administration released its Annual EnergyOutlook 1999 (AEO99) last week, projecting gas demand will grow byabout 50% to 33.17 Tcf by 2020 from 1997 levels of 22.59 Tcf, whichis a 1.7% average annual increase.
EIA Outlook Shows Tough Challenges Ahead
The Energy Information Administration released its Annual EnergyOutlook 1999 (AEO99) yesterday, projecting gas demand will grow byabout 50% to 33.17 Tcf by 2020 from 1997 levels of 22.59 Tcf, whichis a 1.7% average annual increase. Total energy demand is projectedto grow 1.1%/year to 119.9 quadrillion Btu by 2020 from 94 quads in1997.