A majority of Americans who responded to a recent nationwide poll believe that California’s troubled energy situation will continue to deteriorate in the short-term and that the state’s ongoing woes will prove to be a drag on the national economy, according to Americans for Balanced Energy Choices (ABEC).
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Screen, Heat Unable to Avert Overall Softening
As expected, the cash market responded to what was considered amildly bearish storage report with mostly mild declines Thursday.Eastern points generally fell in the vicinity of a nickel exceptfor some Northeast citygate drops around a dime, while the Westranged from flat to down as much as a quarter (Stanfield).
CA ISO Admits Potential For Grid Gaming
Admitting the possibilities for market abuse in its currentsystem, California’s Independent System Operator (Cal-ISO) lastweek responded to federal regulators’ criticism of its congestionmanagement approach. The ISO suggested interim changes for the restof this year while it works out a broadly based congestion plan.Both the Federal Energy Regulatory Commission and Cal-ISO agreedthere is “a serious flaw in the existing intra-zonal managementscheme” for the California grid operations.
CA ISO Admits Potential for Grid Gaming
Admitting the possibilities for market abuse in its currentsystem, California’s Independent System Operator (Cal-ISO) thisweek responded to federal regulators’ criticism of its congestionmanagement approach. The ISO suggested interim changes for the restof this year while it works out a broadly based congestion plan toaddress the admitted shortcomings in its zonal pricing approach.Both the Federal Energy Regulatory Commission and Cal-ISO agreedthere is “a serious flaw in the existing intra-zonal managementscheme” for the California grid operations.
Rising Prices Supported from Several Directions
Prices responded accordingly Tuesday as just about everythingturned bullish for the spot gas market – chilly to very coldweather almost everywhere, rising futures in three importantcategories (gas, heating oil and crude oil), and expectations of alarge withdrawal volume in this afternoon’s storage report.
Accusations Fly in AGL Overcharging Case
Atlanta Gas Light Co. (AGL) responded harshly yesterday to a report filed Tuesday by members of the Georgia Public Service Commission (GPSC) adversary staff, heating up an already steamy debate over AGL’s rates.