Despite the warmer weather in key consuming regions and the recent drop in wholesale prices, the Energy Information Administration is still projecting that consumers will pay substantially more this winter for their heating needs than they did last winter. In fact, expected increases in winter expenditures for natural gas-heated households were raised slightly to 10% compared to projections in last month’s outlook.
Warmer
Articles from Warmer
NOAA Continues to Forecast Warm Winter in West, Cool South
The U.S. Winter Outlook for December 2004 through February 2005 continues to call for warmer-than-normal conditions across the entire West and Alaska and cooler-than-normal conditions in the Southeast and Mid Atlantic, according to an update issued Thursday by the National Oceanic and Atmospheric Administration (NOAA). Elsewhere, including the key gas consuming markets in the Midcontinent/Midwest and New England, there are equal chances of above, below and normal temperatures.
NOAA Continues to Forecast Warm Winter in West, Cool South
The U.S. Winter Outlook for December 2004 through February 2005 continues to call for warmer-than-normal conditions across the entire West and Alaska and cooler-than-normal conditions in the Southeast and Mid Atlantic, according to an update issued Thursday by the National Oceanic and Atmospheric Administration (NOAA). Elsewhere, including the key gas consuming markets in the Midcontinent/Midwest and New England, there are equal chances of above, below and normal temperatures.
NOAA Continues to Forecast Warm Winter in West, Cool South
The U.S. Winter Outlook for December 2004 through February 2005 continues to call for warmer-than-normal conditions across the entire West and Alaska and cooler-than-normal conditions in the Southeast and Mid Atlantic, according to an update issued Thursday by the National Oceanic and Atmospheric Administration (NOAA). Elsewhere, including the key gas consuming markets in the Midcontinent/Midwest and New England, there are equal chances of above, below and normal temperatures.
Forecasts Prompt Sell-Off; Futures Drop 14 Cents Ahead of EIA Data
Pressured by the prospect of warmer temperatures over the next couple weeks, the natural gas futures market Wednesday morning slipped to lows not seen since early December. However, after dropping down to fill in a key gap on the daily chart, the March contract gained back some of the ground it had lost. At $5.26, the prompt month was 14.4 cents lower for the session, but a dime above its early bottom. At 73,225, volume in the gas pit was moderate to heavy.
Northwest Wraps Up Restorations Due to Cold Snap; NE Hunkers Down
By the weekend, warmer temperatures eased concerns among the Pacific Northwest utilities hit by record demand and thousands of outages in the wake of a freezing Arctic storm that drove through the region at the beginning of the week. In the eastern portion of the state of Washington, a spokesperson for Avista Utilities said Friday the weather was “beautiful,” and the area had avoided the potential fall-out from freezing rain that can ice up power lines causing them to sag or come down from the extra weight as happened in the western portion of the state and Oregon.
PG&E’s Merchant Group to Join Utility in Chapter 11
With its merchant energy unit, National Energy Group, headed toward Chapter 11 proceedings, where its utility operations currently are stalled, PG&E Corp. Tuesday reported a first quarter net loss of $354 million, or 93 cents/share, compared to net income of $631 million, or $1.71/share, for the first quarter last year.
Citigroup Meteorologist Predicts Warm, Not Hot, Summer
Summer temperatures across the United States are likely to be normal to warmer than normal, but Citigroup Global Markets meteorologists Jon Davis and Mark Russo said they’re not expecting an unusually hot summer.
Citigroup Meteorologist Predicts Warm, Not Hot, Summer
Summer temperatures across the United States are likely to be normal to warmer than normal, but Citigroup Global Markets meteorologists Jon Davis and Mark Russo said they’re not expecting an unusually hot summer unlike what occurred last year.
Warm Quarter Impacts Southwest Gas’ Earnings
Due to much warmer than normal temperatures during the first quarter in California, Nevada and Arizona, Southwest Gas Corp. announced consolidated earnings of $0.76 per share for 1Q2003, a $0.56 decrease from the $1.32 per share earned during the first quarter of 2002. The company’s consolidated net income was $25.5 million, compared to $42.9 million in the prior period.