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| Tuesday Jan 16, 2018 | |
| Last week we discussed the recent changes to the NGTL system in Alberta. A large increase in production plus a very warm December has put the current storage situation at record levels heading into next summer. As a result it is expected that there is not enough storage space in the province to handle the anticipated surplus. Over the past four months, the market has reacted ... » read more | |
| Monday Jan 15, 2018 | |
| This past week some news came out of California, regarding California regulators slashing not only the costs of closure, but also replacement guidance for the retirement of Diablo Canyon, previously announced to retire two years back come 2025. The California Utilities Commission (CPUC) approved a plan for PG&E, the plant's owner, to recover ~$241 million in ... » read more | |
| Friday Jan 12, 2018 | |
| Does anybody out there remember 2016? Just a few short weeks ago 2016 was referred to as “last year.” In electricity land, it is might as well be called ancient history. So much has changed so quickly. Nothing highlights this more than the ... » read more | |
| Thursday Jan 11, 2018 | |
| Brutally cold weather hit the ConUS last week. A rare weather event known as the bomb cyclone drove a dramatic temperature drop across the eastern United States. The bomb cyclone was caused by a sudden drop in pressure that pulled down cold arctic air. The storm that developed raged across the entire East Coast. Near freezing temperatures in Florida caused chilly iguanas to ... » read more | |
| Wednesday Jan 10, 2018 | |
| The Northeast is currently in a state of de-frost as the region pulls itself out of a historical cold snap. The freezing temperatures and heavy snowfall associated with the Bomb Cyclone weather event tested the energy infrastructure across the region, driving gas and power prices levels we haven't seen since the 2014 Polar Vortex. Starting with the ... » read more | |
| Tuesday Jan 9, 2018 | |
| Over the past two years the Alberta natural gas market has been suffering from an oversupply issue. While a good deal of the natural gas supply/demand dynamics have adjusted to years of increased production receipts, recent developments have started burden the capability of the NGTL system infrastructure. The TransCanada Towerbirch expansion on the north part of the James ... » read more | |
| Monday Jan 8, 2018 | |
| In general I don't like to be grumpy. Going through life in a good mood, laughing and smiling is without question the best way to win in this game of life. There are many things in life that make me smile. Children laughing is always a surefire method for bringing a smile to my face. Playing a prank on a co-worker will likewise bring a smile. ... » read more | |
| Friday Jan 5, 2018 | |
| The next couple of years could prove to be pretty interesting in the Pacific Northwest energy markets. The Northwest is home to a lot of clean resources (hydro and wind) as well as a lot of flexible resources (hydro). The Northwest fleet has not been feeling the love in recent years. California’s rules limiting imports of renewable power for RPS compliance (coupled ... » read more | |
| Thursday Jan 4, 2018 | |
| Since the end of October, when the last heat wave moved though California, SoCal Citygate pricing has gotten all the attention as it started to separate from the rest of the West trading hubs such as PGAE Citygate and SoCal Border. In fact, the spread between the SoCal Citygate and SoCal Border widened immensely as pipeline constraints into SoCal's system were ... » read more | |
| Wednesday Jan 3, 2018 | |
| Here in Portland, homeowners have their electrical load served by either Portland General Electric (PGE) or Pacific Power & Light (PAC). There is no choosing which one serves you, as their service territories are physically set, so your electrical service provider is determined by where you live. I will admit up front that I have spent the majority of my ... » read more | |
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