The high average price paid for the gas that now sits in storage facilities across the country will put storage capacity holders in a real tight spot this winter if prices average less than $4.65 at the Henry Hub, according to Scott DePasquale, natural gas analyst at Energy Security Analysis Inc. (ESAI). DePasquale expects storage operators would suffer significant losses at such lower than expected price levels.
Sits
Articles from Sits
IPPs Ask Cal-ISO to Pay Up for Past Power Sales
In the continuing string of unpaid power bills that sits at the heart of California’s lingering electricity crisis, the state association of independent power producers last Wednesday asked the state transmission grid operator, Cal-ISO, to pay up. The nonprofit public benefits organization said that it is “working on it.”
August 20, 2001
CA Lawmakers Split on What to Do with Edison Deal
This week is crunch time for the California legislature and the fate of Southern California Edison Co. as it sits on the edge of being dragged into bankruptcy. Facing a summer recess beginning this Friday, state lawmakers were exploring alternatives to the April 9 deal the governor and Edison struck that involves the sale of the utility’s transmission assets to the state.
July 16, 2001
CA Lawmakers Split on What to Do with Edison Deal
This week is crunch time for the California legislature and the fate of Southern California Edison Co. as it sits on the edge of being dragged into bankruptcy. Facing a summer recess starting this Friday, state lawmakers were exploring alternatives to the April 9 deal between the governor and Edison that calls for the sale of the utility’s transmission assets to the state.
July 16, 2001
Large LA Municipal Profits in Power Market
Amidst the maelstrom that is California’s electricity marketthis summer, the nation’s largest municipal utility sits calm, cooland collected, making a small killing on the wholesale market andseemingly immune from power shortages for its 1.3 million customerswho make up the city of Los Angeles.
August 7, 2000
New Gas Lines Eye Los Angeles Industrial Complex
Located less than five miles from downtown Los Angeles, theindustrial city of Vernon sits as an attractive trophy for one oftwo proposed natural gas interstate pipelines. The business-focusedlocal government is finishing construction of a new municipal gasdistribution system that will compete with Southern California Gas’existing network. By next year, there will be duplicative gasdistribution systems operating.
April 5, 1999
LA Suburb Eyed by New Gas Lines
Located less than five miles from downtown Los Angeles, theindustrial city of Vernon sits as an attractive trophy for one ofthe two proposed natural gas interstate pipelines. Thebusiness-focused local government is finishing construction of anew municipal gas distribution system that will compete withSouthern California Gas’ existing network. By next year, there willbe duplicative gas distribution systems operating.
April 1, 1999
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