Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The Comisión Reguladora de Energía (CRE) has given Cenagas authorization for a new list of rates for Mexico’s national pipeline system known…
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Natural Gas Utility Bills Rising, but Freeport LNG Outage Adds Downward Price Twist
Major utilities across the United States are paying more for natural gas-fired generation, and they are passing the higher cost on to consumers. Earlier this month, the American Gas Association (AGA) reported that U.S. domestic gas demand averaged 68.8 Bcf/d in May, up 3.5% year/year. AGA attributed most of the additional demand to power burn,…
Oklahoma Natural Gas Customers to See Smaller Hike in Winter Storm Uri-Related Charges
Weeks away from the one-year anniversary of Winter Storm Uri, Oklahoma regulators have approved a plan that would lower and extend the natural gas costs incurred by consumers following the deadly storm. The Oklahoma Corporation Commission (OCC) order issued earlier in January allows the costs to be securitized under a law passed by the state…
Duke’s Proposed Rate Hike in Florida Designed to Offset Natural Gas Price Volatility
Duke Energy Florida earlier this month proposed an electricity rate hike to mitigate the impact of volatile natural gas prices. The “fuel adjustment” would be tacked onto residential, commercial and industrial power bills from March through at least February 2023, the Duke Energy Corp. subsidiary said. The measure would translate to a $6.62 increase in…
LNG Freight Rates Still Strong Amid Tight Global Natural Gas Market
The liquefied natural gas (LNG) shipping market remains tight as demand from South America to Asia is strong, but analysts said freight rates could diverge from LNG prices in the coming weeks on a variety of factors. For now, vessel rates are up. While the spot market in the Pacific Basin is “fairly quiet,” demand…
New York Natural Gas Rates to Rise as Utilities Commit to Net-Zero Gas Sales Growth
As part of a broader shift away from natural gas in New York, a pair of local utilities committed to achieving net-zero growth in gas sales throughout their service territories during a three-year period beginning Dec. 1. New York State Electric & Gas Corp. (NYSEG) and sister company Rochester Gas & Electric (RG&E) made the…
Washington State Regulators React to Covid-19 in Setting Puget Sound Rates
The Covid-19 pandemic played a central role in how state of Washington regulators finalized a $205 million general rate request from Bellevue, WA-based Puget Sound Energy (PSE), and they indicated that will be their practice for as long as the virus is present. New natural gas and electric rates are effective July 20. In the…
Atlanta Gas Light Files for Base Rate Increase to Fund $1B System Improvements
Coming as the utility’s first rate hike request in two years, Atlanta Gas Light (AGL) has filed for a $96.1 million adjustment to natural gas base rates with the Georgia Public Service Commission (PSC), in part to fund $1 billion in natural gas system improvements. The base rate adjustment would mean a $3.80 monthly increase for the typical residential customer.
Comment Period Ends Wednesday For FERC’s Pipeline Income Tax Rate NOPR
Nearly a dozen utilities, state regulatory agencies and other entities have filed motions to intervene, seeking clarification or rehearing of FERC’s recently proposed changes in income tax rates for natural gas pipeline companies, electric transmission and master limited partnerships (MLP).
Xcel’s Retail NatGas Prices to Increase in Colorado
Retail natural gas rates in Colorado are headed up by 13-14% in the first quarter, according to Xcel Energy Inc.’s Denver-based combination utility, Public Service Company of Colorado.