The cash market finally succumbed to the realities of generally light weather-based demand and the further shrinkage of storage injection options by recording sizeable declines almost across the board Thursday. The November futures contract’s return to losing ways Wednesday following a scant one-day rally Tuesday was a further bearish influence.
Realities
Articles from Realities
SoCal Edison to Issue Natural Gas RFO for 5-Year Supplies
Facing the stark realities of California’s heavily natural gas-dependent power supplies, Southern California Edison Co. Wednesday announced plans to issue a request for offers (RFO) next month for natural gas supply contracts and financial hedge products stretching out almost five years. The Edison International utility said it received a “robust response” to its Dec. 12 request for information from potential suppliers.
NorthWestern Embarks on Pipeline Inspections Throughout Montana
Given the realities of the post-9/11 world, South Dakota-based NorthWestern Energy Corp. Monday elevated routine annual natural gas pipeline inspections to another level, publicly announcing that its utility personnel in Montana will be checking its gas pipeline infrastructure throughout the state — southwest, northwest, east and south/north central.