The Pacific Northwest hydrolectric season has stretched into an eight-month-long period, producing a similarly long period in which natural gas-fired generation plants remain mostly idle, according to the U.S. Energy Information Administration (EIA). For gas-fired plant operators the short-term summer prospects look bleak, according to EIA. While it is not unusual to see gas generation drop dramatically in the spring, EIA’s data reported a dramatic gas drop in the region since mid-January, with little change envisioned before September. “Natural gas use at [the region’s] plants dropped almost to zero during the third week of May,” EIA said. “This coincides with the curtailment of wind generators discussed in previous [EIA reports]. Gas use for power generation in 2011 is down 68%, or about 300 MMcf/d, compared to the first five months of 2010 [Jan. 1-May 25].”
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Transportation Notes
Southern California Gas declared a high-linepack OFO for Saturday, setting the tolerance for positive daily imbalances at 10%.
Transportation Notes
Southern California Gas declared a high-linepack OFO for Saturday, setting the tolerance for positive daily imbalances at 10%.
Transportation Notes
ANR told shippers that based on new forecasts for its market area, the restrictions it had implemented Wednesday were no longer in effect Friday.
Chesapeake Energy Completes $1.1B Monetization
Chesapeake Energy Corp. has monetized a portion of its proved reserves and production from certain company-operated wells in Kentucky and West Virginia, the company said last Wednesday.
Transportation Notes
Pacific Gas & Electric did not extend a customer-specificOFO beyond Wednesday.