In a sign that perhaps the continuing large outages of Gulf of Mexico (GOM) production may be weighing on the market a bit more than before, prices were about evenly mixed between flat, higher and lower Thursday. Significant cooling load remains rather scarce outside the area from Texas through the desert Southwest to interior California, and the previous day’s futures gain of less than a penny was essentially neutral for the cash market.
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Duke Energy Carolinas to Replace Coal Units with Gas-fired Generation
As another sign that natural gas continues to be favored over coal as the go-to fuel for power generation, the North Carolina Utilities Commission (NCUC) on Thursday gave Duke Energy Carolinas the necessary regulatory approval to build two combined-cycle, gas-fired generating units, while shutting down some older coal-fired units.
June 6, 2008
Idaho PUC Likes Avista Plan to Decrease Coal, Boost Gas
As another sign of the growing carbon-constrained times facing energy providers, the Idaho Public Utilities Commission (PUC) Tuesday approved the latest version of Avista Utilities’ long-range integrated resource plan (IRP) that calls for deemphasizing coal-fired generation in favor of more natural gas and renewable-powered generation. Avista’s IRP serves as its road map for how it will meet customer growth in the next 10 years.
March 27, 2008
Canadian Producers Follow the Money, Switch to Oil
Call it a sure sign of changing times in Canadian production. A spring construction start has been set for a project that will convert Canada’s 51-year-old original natural gas export mainline to oilsands service.
February 4, 2008
Canadian Producers Follow the Money, Switch to Oil
Call it a sure sign of changing times in Canadian production. A spring construction start has been set for a project that will convert Canada’s 51-year-old original natural gas export mainline to oilsands service.
February 4, 2008
Former BPA Administrator: Gas Reliance Will Raise Power Prices
The prospect of a new presidential administration and Congress passing a greenhouse gas (GHG) emissions law next year make it imperative that Northwest utilities sign new 20-year contracts with the federal Bonneville Power Administration (BPA) in order to lock in prices, said a former BPA chief administrator.
January 21, 2008
Former BPA Administrator: Gas Reliance Will Raise Power Prices
The prospect of a new presidential administration and Congress passing a greenhouse gas (GHG) emissions law next year make it imperative that Northwest utilities sign new 20-year contracts with the federal Bonneville Power Administration (BPA) in order to lock in prices, said a former BPA chief administrator.
January 16, 2008
Proposed Mackenzie Gathering System Gains 200 MMcf/d Shipper
In a sign that the long-awaited Mackenzie Gas Pipeline (MGP) might yet be built, Calgary-based MGM Energy Corp. agreed to ship 200 MMcf/d on the pipeline backers’ proposed Mackenzie Gathering System (MGS). The agreement also gives MGM the option to own a share of the planned gathering system.
October 22, 2007
NWT Producer Agrees to Ship 200 MMcf/d on Mackenzie Gathering System
In a sign that the long-awaited Mackenzie Gas Pipeline (MGP) might yet be built, Calgary-based MGM Energy Corp. has agreed to ship 200 MMcf/d on the pipeline backers’ proposed Mackenzie Gathering System (MGS). The agreement also gives MGM the option to own a share of the planned gathering system.
October 16, 2007
Price Descent Slows; A Few Points See Small Gains
In a sign that this week’s steep cash market slide is beginning to stabilize, most of Wednesday’s majority losses were only in single digits and a significant number of scattered points were flat to about a nickel higher. Moderate temperature increases were predicted for Thursday in the Northeast and some parts of the Midwest, although they weren’t expected to spur any large increases in overall heating load.
August 23, 2007
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