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Friday Jan 14, 2022 |
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The month of January has, so far, been an interesting time for CAISO transmission. To begin with, the Palo Verde line was derated to 1 GW. Since this line regularly provides ~3 GW of baseload or ramping supply to California, and can provide as much as 3.6 GW, moving down to only 1 is a significant ...
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Thursday Jan 13, 2022 |
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The Nymex rally over the past week has been solely driven by the simple fact that Mother Nature has decided to deliver winter-like weather to key demand areas across the Lower 48. This is something that we have not seen since last February when Storm Uri sliced down the middle vertical third ...
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Wednesday Jan 12, 2022 |
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Easy come, easy go. It was only a handful of weeks ago that we were talking about Sumas rising to become the nation’s highest-priced gas cash hub. Now, it has fallen back to earth. While eastern gas markets gear up for their first significant cold blast of this winter ...
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Tuesday Jan 11, 2022 |
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The Northeast is waking up to their coldest weather of the winter this morning with overnight lows in the single digits. As a result the New England heating demand has pushed up from 2.7 to 4 BCF per day this morning which is at the high end of the historical range. The problem for ...
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Monday Jan 10, 2022 |
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The regional weather is always a focal point this time of year as any cold pattern originating in the northern arctic and diving down into the Lower 48 causes concern on the heating demand front when it comes to the Midwest, Ohio Valley and Northeast. On the occasion when the colder weather ...
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Friday Jan 7, 2022 |
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Over the first week of the new year, cold weather has brought significant increases to coal usage in the Midwest, East, and Midcon regions of the country. As we move further into January and the heart of winter, however, there is evidence that rather than simply being a function of increased ...
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Thursday Jan 6, 2022 |
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It was unexpected but as we were having a few cocktails in the bleachers of a fast pitch softball tournament back in 1991, there was this lively music coming from the parking lot. Around 7:00 pm on that enlightening summer evening, it was decided that we had enough softball (did not have to ...
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Wednesday Jan 5, 2022 |
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The volume of renewables growth in ERCOT has been some of the most impressive rates in the world. While this contributes to overall lower prices, it actually creates some pronounced periods of volatility. Namely: the evening load ramp hours. No matter how much installed ...
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Tuesday Jan 4, 2022 |
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The transition to winter weather this week reminded the market of just how fragile the pipeline gathering system is in Oklahoma, Texas and the Rockies. Average temperatures across the region fell by 20 degrees taking the averages below freezing. From December 28th to January 2 the receipts fell 3.6 ...
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Monday Jan 3, 2022 |
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The Midwest and East are having a bit of winter, which is something our friends to the north have been dealing with for the majority of December. During that period, both Alberta and British Columbia were seeing record temperatures hit the region along with heating demand. The Pacific ...
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