Rolling

Keeping to the original plan of rolling out physical clearing services at specific delivery points over time, Atlanta-based IntercontinentalExchange (ICE) and Calgary-based Natural Gas Exchange Inc. (NGX) said Monday that through their alliance, they will offer clearing and settlement services for physical over-the-counter (OTC) natural gas contracts at the Henry Hub delivery point beginning April 7.

House Democratic leaders are considering resurrecting as early as this week a failed $21 billion energy tax package to fund renewable energy by rolling back tax incentives for traditional oil and natural gas.

Eastern Canada is rolling out a welcome mat for new liquefied natural gas (LNG) import terminals, with two projects taking strides toward construction on top of one being built in New Brunswick.

Eastern Canada is rolling out a welcome mat for new liquefied natural gas (LNG) import terminals, with two projects taking strides towards construction on top of one being built in New Brunswick.

In response to the industrywide sunburn developing from global warming concerns, Bellevue, WA-based Puget Sound Energy (PSE) this spring is rolling out a stepped-up smorgasbord of energy-saving programs with the dual purpose of combating global climate change and rising wholesale energy prices. The combination Puget Energy utility said it is increasingly directing more of its resources in western Washington state to “helping customers conserve electricity and natural gas.”

Rolling blackouts are generally considered a scourge of hot summer days when electricity demand for air conditioning pushes generation and transmission beyond capacity. However, electric utilities that rely on gas-fired generators are vulnerable during the winter due to the potential for gas well freeze-offs. Xcel Energy and some of its Colorado customers found this out over the holiday weekend.

Rolling blackouts are generally considered a scourge of hot summer days when electricity demand for air conditioning pushes generation and transmission beyond capacity. However, electric utilities that rely on gas-fired generators are vulnerable during the winter due to the potential for gas well freeze-offs. Xcel Energy and some of its Colorado customers found this out over the holiday weekend.

January natural gas kept the week’s upward momentum rolling Friday from the get-go. After opening at $13.150, the prompt month climbed slowly until approximately 1 p.m. EST, when it exploded higher to settle at $13.931, up 90.4 cents on the day.

Hoping last week’s transmission emergency that resulted in isolated rolling blackouts will make a difference, California Gov. Arnold Schwarzenegger Wednesday reintroduced his plan to reorganize the state’s scattered energy functions into one cabinet-level Energy Department.