Duke Energy reported on Monday it would be willing to acceptless money for the power it sold in California during January andFebruary, as long as assurances are made by the CaliforniaIndependent System Operator (Cal-ISO) and the California PowerExchange (Cal-PX) that it will be paid. Duke said if guarantees aremade, it will waive the credit premiums on its bids and accept theFederal Energy Regulatory Commission’s (FERC) clearing price fortransactions during those months.
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New Forecasts Push Most Prices Nearly Dollar Higher
Many traders likely hauled out dictionaries Monday in attemptsto find the right adjectives to describe the awesomeness of themarket they were experiencing. In a tremendous push inspired byrevised forecasts calling for a severe winter cold snap next week,most points measured gains in the range of 70-95 cents, anddollar-plus advances were not uncommon. Some quotes topped $20 atall three California points.
High U.S. Prices Prompt Increased LNG Trade
The price is right for LNG in the U.S. currently, and termimport deals should be locked in before these opportunities vanish,according to Tamela Pallas, president and COO of CMS Energy’sMarketing Services and Trading division.
High U.S. Prices Prompt Increased LNG Trade
The price is right for LNG in the U.S. currently, and termimport deals should be locked in before these opportunities vanish,according to Tamela Pallas, president and COO of CMS Energy’sMarketing Services and Trading division.
Gas a ‘Real Success,’ Needs Minor Adjustments
Just so you’ll know: “The natural gas market is a real successstory…..FERC has gotten an enormous amount of things right. Themarket may not be unblemished, but there are lots who consider thenatural gas market the best market in the world offering genuineprice discovery on a daily basis across dozens of products. It’ssomething everyone should be proud of,” Robert Levin of the NewYork Mercantile Exchange told a FERC conference last week.
Duke Focuses on Power Growth Areas
Duke Energy, which is targeting its strategy in U.S. growthmarkets, has zeroed in on the right side of the U.S. map, expectingpower generation there to surpass the rest of the country. Thenatural gas giant expects Florida to grow at a rate of 4.5%annually, the Southeast and Texas to grow at 3%; and the East Coastand Upper Midwest to reach 2.5%.
Duke Focuses on Power Growth Areas
Duke Energy, which is targeting its strategy in U.S. growthmarkets, has zeroed in on the right side of the U.S. map, expectingpower generation there to surpass the rest of the country. Thenatural gas giant expects Florida to grow at a rate of 4.5%annually, the Southeast and Texas to grow at 3%; and the East Coastand Upper Midwest to reach 2.5%.
Olympian Status for U.S. Gas Market
Just so you’ll know: “The natural gas market is a real successstory. …FERC has gotten an enormous amount of things right. Themarket may not be unblemished, but there are lots who consider thenatural gas market the best market in the world offering genuineprice discovery on a daily basis across dozens of products. It’ssomething everyone should be proud of,” Robert Levin of the NewYork Mercantile Exchange told a FERC conference yesterday.
Titan Energy’s Gas Customers Up for Grabs
Parties will meet in an Atlanta courtroom today to decide whichcompany will win the right to supply the 50,000 customers of gasmarketerTitan Energy of Georgia, which filed for Chapter 11 overthe Fourth of July weekend. Titan became the second marketer toseek bankruptcy protection in Georgia in less than a year.
Titan Energy’s Gas Customers Up for Grabs
Parties will meet in an Atlanta courtroom today to decide whichcompany will win the right to supply the 50,000 customers of gasmarketer Titan Energy of Georgia, which filed for Chapter 11 overthe Fourth of July weekend. Titan became the second marketer toseek bankruptcy protection in Georgia in less than a year.