Most if not all of the big Houston-area energy trading shops are setting up satellite offices in other locations in order to try to maintain business operations Thursday and Friday in the event that Hurricane Rita draws a bead on their city. With maximum sustained winds of 165 mph, Rita was classified as a Category Five storm Wednesday afternoon, the most dangerous hurricane category.
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CA Power Buying Agency Shops for Natural Gas, Too
As part of its 53 long-term electricity contracts, California’s Department of Water Resources (DWR) is shopping for a portfolio of natural gas supplies of various duration to use in about half the deals that give the state the option of providing its own fuel supplies when it can beat prevailing market rates used by its power suppliers.
CA Power Buying Agency Shops for Natural Gas, Too
As part of its 53 long-term electricity contracts, California’s Department of Water Resources (DWR) is shopping for a portfolio of natural gas supplies of various duration to use in about half the deals that give the state the option of providing its own fuel supplies when it can beat prevailing market rates used by its power suppliers.