Setting

A day after ending a low-inventory OFO, Pacific Gas and Electric issued a systemwide Stage 2 high-inventory on its California Gas Transmission system for Friday, setting penalties of $1/Dth for exceeding a 5% tolerance on positive daily imbalances.

Saying its linepack in Florida has fallen, Florida Gas Transmission issued an Overage Alert Day for market-area customers Wednesday, setting a 25% tolerance for negative daily imbalances.

Pacific Gas and Electric issued a systemwide Stage 2 low-inventory OFO on its California Gas Transmission system, setting penalties of $1/Dth for exceeding a 5% tolerance on negative daily imbalances.

Citing Florida forecasts of high temperatures in the low 90s, Florida Gas Transmission issued an Overage Alert Day for market-area customers Tuesday, setting the tolerance for negative daily imbalances at 25%.

Due to peak temperatures in Florida reaching the 90s, Florida Gas Transmission issued an Overage Alert Day for market-area customers Monday, setting a 25% tolerance for negative daily imbalances.

Setting aside the “near-term noise” in terms of North American natural gas fundamentals, prices should average below $4.00/Mcf this year, with summer contracts averaging around $3.25, Raymond James & Associates Inc. said last week.

Setting aside the “near-term noise” in terms of North American natural gas fundamentals, prices should average below $4.00/Mcf this year, with summer contracts averaging around $3.25, Raymond James & Associates Inc. said Monday.

A confluence of factors is setting this summer up to be a soft one for natural gas prices, according to analysts at Credit Suisse.

Pacific Gas and Electric (PG&E) issued a systemwide Stage 2 low-inventory OFO for Friday on its California Gas Transmission system, setting penalties at $1/Dth for shippers exceeding a 5% tolerance on negative daily imbalances. PG&E also said its Redwood Path is restricted to 1.7 Bcf/d, or 78% of maximum capacity, through the end of March due to an outage of Delevan Compressor Station.