Winter Storm Uri

Natural gas infrastructure considered “critical” by the state will be required to weatherize operations under rules approved Tuesday by the Railroad Commission of Texas (RRC).  Objections by consumer and watchdog groups failed to sway the three-member commission, which enacted the rules unanimously.  Critics in comments sent to RRC and in person at the open meeting…

An initial investigation by FERC that found some “anomalies” during Winter Storm Uri in February 2021 may have been caused by natural gas market manipulation, Chairman Richard Glick said Thursday. The Federal Energy Regulatory Commission is unable to probe some aspects of the possible illegal activity because the main Texas power grid, the Electric Reliability…

Extreme weather events, supply shortages, post-Covid-19 demand growth and technical failures gave rise to roughly 4% of the world’s population, roughly 350 million people, experiencing major power outages in 2021, according to IHS Markit researchers. IHS Markit analyst Rama Zakariasaid some of the largest outages occurred in regions with a relatively reliable supply of energy,…

No groundhogs were needed to convince natural gas traders that Old Man Winter was planning to stick around longer across the United States. A biting February forecast combined with strong storage withdrawals, potential supply disruptions and robust export demand to send March Nymex natural gas futures ballooning to $5.501/MMBtu, up 75.0 cents on the day.…

Oklahoma regulators approved to lower and extend the natural gas costs incurred by consumers following Winter Storm Uri last year when wholesale prices skyrocketed. The Oklahoma Corporation Commission (OCC) order in January allows the costs to be securitized under a law passed by the legislature after the deadly emergency event. Without the securitization, it is…

Weeks away from the one-year anniversary of Winter Storm Uri, Oklahoma regulators have approved a plan that would lower and extend the natural gas costs incurred by consumers following the deadly storm. The Oklahoma Corporation Commission (OCC) order issued earlier in January allows the costs to be securitized under a law passed by the state…

Days ahead of a deep freeze forecast to plunge into Texas, a final report filed Tuesday by the state’s electric grid operator with the Public Utility Commission (PUC) said nearly all of the electric generating units and transmission facilities that were required to winterize have done so. “The Texas electric grid is more prepared for…

The North American Energy Standards Board (NAESB) has unanimously approved an initiative to improve coordination between the natural gas and electric markets in response to Winter Storm Uri in February. The cold snap caused widespread power outages and shut-in oil and gas production across the south-central United States. Gas-fired generation accounted for 58% of all…

NGI’s Mexico GPI has narrowed down an eventful year to the five key stories that defined Mexico’s natural gas market in 2021. These stories are: