Not only will the new federal air quality legislation—the Cross-State Air Pollution Rule—cause electricity prices to spike, but according to PUC chair, Donna Nelson, the dependability of the grid will be jeopardized as well. “I have no doubt in my mind that this rule will result in reliability issues and rolling outages in Texas,” Nelson. Read the Rest…
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Natural Gas Storage Report 8-18-2011
Working gas in storage was 2,833 Bcf as of Friday, August 12, 2011, according to EIA estimates. This represents a net increase of 50 Bcf from the previous week. Stocks were 175 Bcf less than last year at this time and 73 Bcf below the 5-year average of 2,906 Bcf. East Region, stocks were 120. Read the Rest…
Cooling Trend Affects Natural Gas Futures
Even though Texas is still in a holding pattern of broiling heat, other regions such as the Midwest and Northeast should see a cooling trend over the next two weeks according to the National Weather Service. As a result of moderating temperatures, natural-gas futures decreased sharply to a one-week low Tuesday. Industry weather group Weather. Read the Rest…
Wind Power Helps ERCOT Keep Humming
While the power grid across Texas was in a state of double jeopardy last week, Texas’ wind turbines—especially those along the Gulf coast —generated enough power to keep things humming during peak demand. Officials with ERCOT repeatedly gave wind power’s contribution the nod during last week’s power crisis. ERCOT President H.B. Trip told reporters, “We. Read the Rest…
Natural Gas Storage Report 8-11-2011
Working gas in storage was 2,783 Bcf as of Friday, August 5, 2011, according to EIA estimates. This represents a net increase of 25 Bcf from the previous week. Stocks were 197 Bcf less than last year at this time and 80 Bcf below the 5-year average of 2,863 Bcf. In the East Region, stocks. Read the Rest…
