Winter Storm Uri

FERC Still Probing Potential Natural Gas Market Manipulation During Winter Storm Uri

FERC Still Probing Potential Natural Gas Market Manipulation During Winter Storm Uri

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…

March 11, 2022
Global Power Outages, High Prices, Extreme Weather and Supply Chain Issues Arose in 2021

Global Power Outages, High Prices, Extreme Weather and Supply Chain Issues Arose in 2021

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,…

February 8, 2022
Explosive Natural Gas Trading Precedes Arctic Front Barreling Across U.S.

Explosive Natural Gas Trading Precedes Arctic Front Barreling Across U.S.

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.…

February 2, 2022
Oklahoma Natural Gas Consumers to See Uri Rate Relief

Oklahoma Natural Gas Consumers to See Uri Rate Relief

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…

February 1, 2022
Oklahoma Natural Gas Customers to See Smaller Hike in Winter Storm Uri-Related Charges

Oklahoma Natural Gas Customers to See Smaller Hike in Winter Storm Uri-Related Charges

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…

January 28, 2022
With Possibility of Snow in Forecast, ERCOT Says Texas Electric Grid ‘More Prepared Than Ever’

With Possibility of Snow in Forecast, ERCOT Says Texas Electric Grid ‘More Prepared Than Ever’

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…

January 19, 2022
U.S. Natural Gas, Electricity Markets Planning Improved Coordination Post-Uri

U.S. Natural Gas, Electricity Markets Planning Improved Coordination Post-Uri

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…

December 17, 2021
Mexico Natural Gas Market Year in Review: From Winter Storm to Pricing Surge

Mexico Natural Gas Market Year in Review: From Winter Storm to Pricing Surge

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:

December 14, 2021
Improved Coordination Planned by U.S. Natural Gas, Electricity Markets in Uri’s Wake

Improved Coordination Planned by U.S. Natural Gas, Electricity Markets in Uri’s Wake

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…

December 14, 2021
Following Expected Record 2021, Kinder Morgan Projecting ‘Robust’ Results in New Year

Following Expected Record 2021, Kinder Morgan Projecting ‘Robust’ Results in New Year

Kinder Morgan Inc. (KMI) said it expects to post banner full-year 2021 results and drive even stronger earnings next year. Bolstered by exceptional winter demand for natural gas earlier in the year, the Houston-based operator is projecting it would earn 76 cents/share this year. Seismic first quarter sales gains made amid surging demand and soaring…

December 8, 2021
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