Industry News

GETCHOICE! firmly believes in Harry Truman’s quote “Not all readers are leaders, but all leaders are readers.”GETCHOICE!'s energy analysts are always staying on top of the market by reading the latest industry news articles. If GETCHOICE! finds an interesting one, we make sure to post it here to share with our clients.

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A Candle to Light the Way: Natural Gas Market Volatility

January 28, 2022 - Industry News

In the trading world the candlestick graph depicts the intraday price of a stock/commodity at opening, highest point, lowest point, and settlement. The January 27th, 2022 candlestick for the February 2022 natural gas contract was ONE FOR THE BOOKS, highlighting just how volatile this market has become. A flurry of events in the last 30 […]

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The State of Global Energy Market Volatility

September 28, 2021 - Industry News

Energy markets are volatile, as prices hit their highest levels since the months preceding the 2008 financial crisis.  COVID-19 lockdowns have wreaked havoc on all aspects of global supply chains, and the all-time low hydrocarbon prices of 2020 led to a lack of investment in new supply, leading us to this situation. The risk of […]

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NYISO studying climate change impacts to 100% emissions-free energy system

December 17, 2019 - Industry News

NYISO is conducting a climate change study that will examine various scenarios that could potentially impact the electric system as a result of climate-related disruptions.  

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Trump, Democrats offer clear choice on US presidential energy platforms

September 25, 2019 - Industry News

Given the stark differences between President Donald Trump and the field of Democratic challengers, US voters will have a clear choice on energy matters during the 2020 presidential election. The same cannot be said of the Democratic primaries, where the major players differ only by degree on the key issues surrounding fossil fuels, renewable energy, […]

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Natural Gas Standoff Hamstrings NYC Business Upstarts, New Housing

July 24, 2019 - Industry News

About $400,000. That’s how much two New York City deli owners say National Grid Plc may cost them by refusing to supply natural gas to a new burger restaurant they’re planning in Brooklyn. The men are victims of a complex face-off between the utility that supplies gas to the metropolitan area and state regulators. New […]

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U.S. Winning On Climate, Economics And Freedom Thanks To Natural Gas

July 3, 2019 - Industry News

The Department of Energy recently approved additional export volumes of natural gas through the Freeport liquefied natural gas (LNG) terminal in Texas, a move that promises environmental and economic benefits for the nation. Critics of natural gas mocked the decision and the phrasing used by the Trump administration, which said the approval would “allow for molecules […]

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America Must Build More Natural Gas Storage Capacity

May 30, 2019 - Industry News

Natural gas of course is increasingly our go-to fuel to grow the economy, reduce greenhouse gas emissions, backup wind and solar, and be our essential energy source to export to a mostly poor and energy-deprived world. This ongoing U.S. “Dash to Gas” ensures a known necessity for us: we need more geological sites to store natural gas to meet […]

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California May Go Dark This Summer, and Most Aren’t Ready

May 17, 2019 - Industry News

A plan by California’s biggest utility to cut power on high-wind days during the onrushing wildfire season could plunge millions of residents into darkness. And most people aren’t ready. The plan by PG&E Corp. comes after the bankrupt utility said a transmission line that snapped in windy weather probably started last year’s Camp Fire, the deadliest in state […]

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The Next Frontier for Demand Response: Natural Gas

April 29, 2019 - Industry News

This year’s polar vortex in the Midwest and Northeast strained our grid systems and compelled many utilities in the regions to ask customers to conserve energy. These extreme weather events tend to focus our collective attention on potential weaknesses in our grid systems. Utilities are working 365 days a year to prevent disruptions, reduce emissions and […]

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‘Bomb Trains.’ Trump’s Plan to Ship Natural Gas by Rail Raises Alarm

April 16, 2019 - Industry News

President Donald Trump wants to allow natural gas to be shipped in railroad cars, a move that would open new markets hungry for the fuel but could risk catastrophic accidents if one were to derail. Trump on Wednesday ordered the Transportation Department to write a new rule permitting super-chilled natural gas to be shipped in […]

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A New Trend In Natural Gas: Just-In-Time Supply

March 27, 2019 - Industry News

U.S. natural gas prices reached the highest maximum level in 4 years this winter. That’s because of a new “just-in-time” gas supply paradigm that relies more on wellhead production than storage. It has pluses and minuses. In November 2019, weekly Henry Hub spot prices were $4.68/mmBtu, a level only exceeded in January 2014 over the […]

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Record U.S. Oil And Natural Gas, Falling Methane Emissions

March 15, 2019 - Industry News

Breakthroughs in finding and stopping methane leaks are a constant search for the U.S. oil and natural gas industry In fact, this was a central topic at the triennial World Gas Conference (WGC) held last summer, for the first time in Washington DC. For our booming shale business, more methane capture and fewer emissions are core goals. This makes perfect sense of […]

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PG&E, utility tied to wildfires, will file for bankruptcy

January 14, 2019 - Industry News

PG&E, the state’s largest utility, said Monday it will file for bankruptcy on January 29, after a 15-day waiting period required by California law. It needs to use the bankruptcy process, which will allow it to shed some of its debt, to pay for damages and stay in business to provide gas and electric service […]

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Another Texas power plant is mothballed, raising concerns over reserves and prices

January 8, 2019 - Industry News

Gibbons Creek Generating Station, a coal-fired power plant about 20 miles from Bryan near College Station, put the state’s grid operator on notice that the plant will not operate this summer. The closure reduces the state’s already tight power reserves and is sparking forecasts of higher electricity prices. The Texas Municipal Power Agency, a group […]

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U.S. Natural Gas Prices Riding The Roller Coaster

January 2, 2019 - Industry News

With the largest storage withdrawal of the early-winter season on Thursday, it is time for an update on natural gas prices, which like the stock market (worst December since 1931) have taken a bearish tone over the past month. With futures hitting four-year highs in November, it has been a wild ride of late for natural gas prices. The initial […]

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11 Experts Predict the Future of Energy Management in 2019

December 11, 2018 - Industry News

We’ve seen the demand for energy management continue to grow over the past several years. Investors see it, too: the energy management software market alone is projected to grow at 10% annually over the next four years. The question is: how will this continued investment change the landscape of energy management in 2019? We consulted 11 experts […]

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As crude oil swoons, natural gas prices surge

December 6, 2018 - Industry News

Natural gas prices have climbed by more than 50 percent over the past two months, meaning higher heating and electricity costs as winter arrives while helping some energy companies in Houston offset profits lost during the recent plunge in crude oil prices. Natural gas prices have hit their highest sustained levels in four years as […]

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Natural Gas Prices Fall Below Zero In Texas

November 30, 2018 - Industry News

Surging U.S. oil production in the Permian basin has helped crash oil prices. But the Permian is also home to skyrocketing natural gas production, and output is growing so fast that drillers are trying to give it away for free. When they can’t, they just burn it off into the atmosphere. Unlike in the Marcellus […]

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The Pre-Winter Rapid Rise in U.S. Natural Gas Prices

November 14, 2018 - Industry News

With prompt month expiring at $3.79 per MMBtu today, we knew it was coming. I’ve been warning about the assured rise in natural gas prices since the middle of Summer. The story begins with historically low gas storage (despite record high production), a fear factor that was surely to materialize in pricing. The U.S. gas market is […]

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Oil Slides Further Into Bear Market After Trump Decries Output Cuts

November 13, 2018 - Industry News

U.S. benchmark oil prices slid more than 4% Tuesday to their lowest intraday level this year, on track for a record 12th straight session of declines in a selloff driven by fears of soaring global production and weakening demand. Light, sweet crude for December delivery was recently 4.4% lower at $57.30 a barrel on the […]

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Special report: The Northeast premium

November 8, 2018 - Choice! News Industry News

States in the Northeast are bracing themselves for yet another winter that may test the energy grid. From New York to Maine, the lacking natural gas infrastructure will have a huge impact on consumers’ natural gas and power prices this winter, write Chris Amstutz, Risk Management Associate, and Matthew Mattingly, Director of Natural Gas Services, […]

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4 state ballot initiatives the utility sector will watch on Election Day

November 6, 2018 - Industry News

Across the United States, the general trend is toward clean energy resources and away from carbon-emitting generation. But in some states there is a sense that regulators and utilities are not moving fast enough — leading to ballot initiatives that could abruptly change the course of state policy. Next week at the polls, Arizona and […]

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In Win for Trump, Merkel Changes Course on U.S. Gas Imports

October 25, 2018 - Industry News

BERLIN—Chancellor Angela Merkel has offered government support to efforts to open up Germany to U.S. gas, a key concession to President Trump as he tries to loosen Russia’s grip on Europe’s largest energy market. Over breakfast this month, the chancellor told a small group of lawmakers her government had decided to co-finance the construction of […]

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What’s Next For Oil Prices?

October 9, 2018 - Industry News

Oil prices rallied last week to their highest level since November 2014, with Brent Crude hitting $86 and WTI Crude rising above $75 a barrel at one point in the middle of the week. Uncertainty has been the buzzword in the oil market over the past couple of months. On the supply side, there’s uncertainty about how much […]

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Why U.S. Electricity Sales Surged In 2018

September 17, 2018 - Industry News

Sales of electricity in the U.S. have barely increased despite nine straight years of economic growth. It almost looks as if the conservation ethos for American consumers has finally taken hold. That restraint also applies to large commercial and industrial customers as well. And foreign consumers seemed even less interested in plugging in. A discouraging […]

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How Chinese Tariffs Will Hurt U.S. LNG

August 30, 2018 - Industry News

“It’s not a big deal,” Tellurian founder Charif Souki recently told CNBC’s Jim Cramer when asked about the danger of China slapping 25-percent tariffs on U.S. LNG. “If they impose tariffs on American gas, all that means is we’ll receive different gas,” Souki added. This may be good for Tellurian, but here’s a question: how is this […]

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Are High Oil Prices Starting To Hurt Wind Power?

August 7, 2018 - Industry News

The U.S. uses very little oil to generate electricity, but our energy sectors are inextricably connected,  so changes in one often affects others. For example, we are starting to see the rumblings of how the price of oil might affect wind indirectly through natural gas prices. Last Thursday, the Public Utility Commission of Texas (PUCT) dealt […]

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Pruitt departure could boost Trump deregulatory agenda at EPA

July 6, 2018 - Industry News

Pruitt’s departure will likely mean a less scandal-prone EPA that could be more effective at carrying out Trump’s deregulatory agenda, former agency officials and energy lawyers said. “I don’t think we’ll see any big shifts in policy,” said Jeffrey Holmstead, who served as an assistant administrator for EPA’s Air and Radiation Office under George W. […]

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Is the Bright Future of U.S. Natural Gas Under Threat?

June 29, 2018 - Industry News

This week’s World Gas Conference in Washington hosted a bunch of upbeat natural gas executives and analysts that expect an exceptionally bright future for the bridge fuel of the future, as natural gas is commonly called these days. With forecasts that U.S. production of natural gas could grow by 60 percent over the next 20 […]

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Solar Has Overtaken Gas and Wind as Biggest Source of New U.S. Power

June 18, 2018 - Industry News

Despite tariffs that President Trump imposed on imported panels, the U.S. installed more solar energy than any other source of electricity in the first quarter. Developers installed 2.5 gigawatts of solar in the first quarter, up 13 percent from a year earlier, according to a report Tuesday from the Solar Energy Industries Association and GTM […]

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Trump Prepares Lifeline for Money-Losing Coal Power Plants

June 1, 2018 - Industry News

Trump administration officials are making plans to order grid operators to buy electricity from struggling coal and nuclear plants in an effort to extend their life, a move that could represent an unprecedented intervention into U.S. energy markets. The Energy Department would exercise emergency authority under a pair of federal laws to direct the operators […]

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The Gas Market Is in Serious But Stable Condition

May 25, 2018 - Industry News

The natural gas market is in a coma. I don’t mean gas prices are low, per se; a market can be in the pits but still jump around like a frog in a sock from day to day. Rather, gas prices appear utterly unresponsive even to defibrillator-like stimuli.

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2021/2022 RPM Base Residual Auction Results

May 24, 2018 - Industry News

The 2021/2022 Reliability Pricing Model (RPM) Base Residual Auction (BRA) cleared 163,627.3 MW of unforced capacity in the RTO representing a 22.0% reserve margin. Accounting for load and resource commitments under the Fixed Resource Requirement (FRR), the reserve margin for the entire RTO for the 2021/2022 Delivery Year as procured in the BRA is 21.5%, or 5.7% […]

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Texas Heat Could Increase Natural Gas Prices This Summer

May 14, 2018 - Industry News

Once again, it’s supposed to be a scorching hot summer in Texas, with record breaking electricity demand. And why not? Texas has 29 million people, regularly sees temperatures rise into the 90s and 100s on sweltering summer days, and is easily our largest power consumer, using 50% more electricity than California. Nearly 100% of homes in Texas use air […]

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Closing FirstEnergy’s reactors will not destabilize grid, says PJM, but launches probe into future fuel security

May 1, 2018 - Industry News

PJM Interconnection today said it has determined that FirstEnergy’s power plant subsidiary can shut down its three nuclear power plants within three years without destabilizing the 13-state power grid that PJM manages. At the same time, PJM announced its intention to look at “fuel security” in the face of the utility industry’s growing fleet of […]

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The Permian Oil And Natural Gas “Growth Wall” Is Short-Sighted

April 27, 2018 - Industry News

We know that pipeline help is surely coming to West Texas. The resource potential there is just too massive for it not to be. “At least 2.4 million b/d of potential new Permian oil pipeline capacity has been proposed by a half-dozen operators, and those who have progressed to open season have reported strong customer interest.” […]

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CenterPoint Energy to buy Vectren in $6B deal

April 24, 2018 - Industry News

CenterPoint Energy Inc. wants to purchase Vectren Corp. for $72/share or about $6 billion, with the resulting gas and electric utility company serving more than 7 million customers in eight states. The companies say the combined entity will have electric and natural gas delivery operations in eight states with assets totaling $29 billion and an enterprise value of $27 billion.

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Energy Transfer Says ‘Cyber Attack’ Shut Pipeline Data System

April 18, 2018 - Industry News

A cyber attack that hobbled the electronic communication system used by a major U.S. pipeline network has been overcome. Energy Transfer Partners LP was confident that, after 6 p.m. New York time on Monday, files could safely be exchanged through the EDI platform provided by third-party Energy Services Group LLC, the pipeline company said in a […]

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Pipeline shortage means West Texas gas has no place to go

April 2, 2018 - Industry News

America’s most prolific oil field is now its worst market for natural gas. A pipeline shortage that’s leaving gas trapped in West Texas’ Permian Basin means prices for the fuel there are the lowest of any major U.S. hub, wresting that distinction from Appalachia’s Marcellus Shale. Prices for Permian gas, produced alongside oil in the […]

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Gas Is The New Oil

March 27, 2018 - Industry News

Summary Natural gas will increasingly replace coal and oil. Prices are impossible to predict and will remain volatile for now. Excellent investment opportunities exist among service companies in the “new oil” world. The US has a chronic trade deficit; gas and gas product exports will help alleviate that.

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3 Natural Gas Charts To End Winter 2018

March 19, 2018 - Industry News

Burdened by a historically low-price environment for oil since 2014 and gas since 2008, it’s amazing how quickly the efficiency of our industry has evolved. U.S. oil and gas drillers have upgraded their operations and technologies far faster than anybody could have predicted and are now producing at record highs. As it turns out, the long perception […]

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U.S. LNG Exporters Reshaping Global Natural Gas Markets

March 9, 2018 - Industry News

As the liquefied natural gas trade continues to grow and importers gleefully note incremental volumes of U.S. cargoes in a market that saw nearly 300 million tons change hands in 2017, the relatively new American exporters at the center of it all are invariably bringing profound changes along with them in a variety of ways. […]

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Texas’ summer power prices expected to rise

February 21, 2018 - Industry News

Wholesale summer power prices in Texas  are expected to rise after the shutdown of three coal-fired power plants last year. But by how much — and what kind of impact those increases will have on electricity bills — might not be known until the summer is over, regulators say. “We are going into a summer […]

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Cheniere Signs First Long-Term LNG Deal with China

February 12, 2018 - Industry News

Cheniere Energy said on Friday that it has signed a deal to sell LNG to China National Petroleum Corp (CNPC). Although Cheniere has sold LNG to China on spot-based contracts since 2016, the deal is China’s first long-term contract to import U.S. LNG. The companies signed an MOU during a visit to China by Cheniere […]

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Annual Energy Outlook 2018

February 9, 2018 - Industry News

EIA’s Annual Energy Outlook provides modeled projections of domestic energy markets through 2050, and it includes cases with different assumptions regarding macroeconomic growth, world oil prices, technological progress, and energy policies. Strong domestic production coupled with relatively flat energy demand allow the United States to become a net energy exporter over the projection period in most cases. […]

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Trump: “We have ended the war on American energy”

February 1, 2018 - Industry News

President Trump boasted about his aggressive environmental deregulatory agenda Tuesday, saying he’s put an end to the “war” on American energy and coal. “We have ended the war on American energy, and we have ended the war on beautiful, clean coal,” Trump declared in his first State of the Union, eliciting applause from some attendees in […]

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Chilly Temperatures Ahead Push Natural Gas Stockpiles Toward 4-Year Low

January 25, 2018 - Industry News

The prospect of another mega-drawdown in U.S. natural gas inventories is stoking speculation that storage levels may drop to a four-year low by winter’s end. Stockpiles of the fuel may end March at 1.32 trillion cubic feet, according to the median estimate of eight analysts and traders surveyed by Bloomberg News. That would be 23 […]

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U.S. Set a Natural Gas Record on New Year’s Day

January 3, 2018 - Industry News

Reflecting both bitter cold and shifting energy trends, the U.S. spent New Year’s Day setting a natural gas record. Americans consumed…

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54 Things You Didn’t Know About Natural Gas

November 30, 2017 - Industry News

Every once in a while, I will realize that I have spent way too much time talking about oil, complaining about pipelines, Permania, free money and the impending “End of Big Oil because of Electric Vehicles”. And it’s on those days that my attention turns to oil and coal’s neglected stepsister who we know as […]

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Layoffs on way as grid operator approves coal plant closures

November 22, 2017 - Industry News

The state’s biggest power company is moving ahead with layoffs of more than 800 workers after the Texas’ electric grid operator recently approved the shutdown of three coal-fired power plants and an associated coal mine.

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How Vistra’s coal retirements could impact the Texas power market

November 6, 2017 - Industry News

The Texas power market is in turmoil. Announced coal plant retirements are prompting calls for market reforms and hopes for higher power prices, but many elements must come into play before either of those scenarios can unfold. Meanwhile, there has been some merger and acquisition activity as generators reshuffle their portfolios to adapt to — and […]

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Texas’ planned coal retirements could depress ERCOT reserve margin

October 20, 2017 - Industry News

Dive Brief: A spate of announced coal retirements are primarily to blame for possibly pushing down reserve margins in the Electric Reliability Council of Texas, according to a Platts report based on the grid operator’s board meeting this week. Luminant announced three large Texas coal plant retirements this month, which totals about 4,200 MW of capacity. In addition, Talen Energy plans […]

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E.P.A. Announces Repeal of Major Obama-Era Carbon Emissions Rule

October 10, 2017 - Industry News

WASHINGTON – The Trump administration announced on Monday that it would take formal steps to repeal President Barack Obama’s signature policy to curb greenhouse gas emissions from power plants, setting up a bitter fight over the future of America’s efforts to tackle global warming. At an event in eastern Kentucky, Scott Pruitt, the head of […]

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Vistra closing mega coal plant in East Texas

October 9, 2017 - Industry News

The Monticello power plant, one of Texas’s largest coal-powered plants, will close permanently next year, Vistra Energy announced Friday. The 1,800 megawatt power plant, which opened more than 40 years ago, is the latest in a string of coal plant closures nationwide as a glut of cheap natural gas and continued advances in solar and […]

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Perry Orders FERC Rescue of Nukes, Coal

October 2, 2017 - Industry News

Energy Secretary Rick Perry on Friday ordered FERC to rescue at-risk nuclear and coal generation by ensuring they receive “full recovery” of their costs. Perry’s extraordinary Notice of Proposed Rulemaking, invoked under Section 403 of the Department of Energy Organization Act, requires FERC to complete a final rule within 60 days after publication of the NOPR in the Federal Register.

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OPEC sees higher oil demand, signs of tighter market

September 12, 2017 - Industry News

LONDON (Reuters) – OPEC on Tuesday forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its production-cutting deal with non-member countries is helping to tackle a supply glut that has weighed on prices. In a monthly report, the Organization of the Petroleum Exporting Countries said the […]

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Hurricane Harvey’s Impact On Natural Gas Prices

September 5, 2017 - Industry News

Truthfully, I feel stupid writing about Hurricane Harvey and energy prices, in light of the horrifically sad situation in Houston and surrounding Gulf Coast areas. But Texans themselves know best that the show must always go on, and the great dry out of the great city has begun. I take strong comfort knowing that Texans are always cheered up by […]

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Landmark Court Ruling Could Jeopardize This Major Pipeline

August 24, 2017 - Industry News

U.S. natural gas enjoyed an “eclipse rally” this week. With NYMEX prices jumping nearly 7 cents per MMBtu after the blackout impacted an estimated 12 GW of solar power across America. But elsewhere the news for natgas developers was less rosy. With U.S. courts handing down a critical decision yesterday, that could jeopardize the future […]

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The Golden Age of Natural Gas

August 22, 2017 - Industry News

Jamie Horgan: I’m here with Agnia Grigas, a senior fellow at the Atlantic Council and author of the new book, The New Geopolitics of Natural Gas. Agnia, thanks for taking the time to talk with me today. Agnia Grigas: Thank you, Jamie. It’s a pleasure to be here. JH: In your book, you look at the transition to a new […]

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The Myth Of Natural Gas As A Bridging Fuel

August 16, 2017 - Industry News

I often disagree with the consulting group Bloomberg New Energy Finance, but they may be spot on in questioning whether natural gas can serve as a bridge to the future.  Of course, they would say no, renewables will take over quickly, while I would say it will continue to be an important fuel, not a […]

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In new trend, U.S. natural gas exports exceeded imports in 3 of the first 5 months of 2017

August 15, 2017 - Industry News

The United States exported more natural gas than it imported in February, April, and May of 2017 according to the latest EIA’s Natural Gas Monthly. The United States has been a net natural gas importer (on an average annual basis) for nearly 60 years. Declining net pipeline imports from Canada, growing natural gas pipeline exports to […]

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U.S. shale breakeven price revealed around $50: Kemp

August 10, 2017 - Industry News

U.S. shale producers need a WTI oil price around $50 per barrel to break even, according to an analysis of financial statements for the second quarter. Fifteen of the largest shale oil and gas producers reported total net losses of $470 million for the three months between April and June when benchmark WTI prices averaged […]

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Nine Natural Gas Facts That You Should Know

August 7, 2017 - Industry News

Natural gas is now our main source of electricity, and thanks to the shale production revolution prices collapsed from $8.86 per MMBtu in 2008 to just $2.52 in 2016. Prompt month September prices are now below $2.80, a shoulder month and blue weather maps for the next two weeks mean a bearish market. So far this […]

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US Shale Production Just Hit A New All Time High

July 18, 2017 - Industry News

One month ago, we reported that based on recent data, June oil output from shale producers would post the first double-digit production growth since July of 2015, when oil prices tumbled and a substantial portion of US production was briefly taken offline. While the final data has yet to be tabulated, it is safe to say that this […]

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Trump looks to lift LNG exports in US trade shift

June 26, 2017 - Industry News

Donald Trump is engineering a sharp shift in US energy policy by using natural gas exports as an instrument of trade policy, championing sales to China and other parts of Asia to create jobs and reduce US trade deficits. In a bid to unleash US energy, Mr Trump is trying to promote more liquefied natural […]

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Why Do Federal Subsidies Make Renewable Energy So Costly?

May 31, 2017 - Industry News

On a total dollar basis, wind has received the greatest amount of federal subsidies. Solar is second. Wind and solar together get more than all other energy sources combined. However, based on production (subsidies per kWh of electricity produced), solar energy, has gotten over ten times the subsidies of all other forms of energy sources […]

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The Oil Play That Could Flood the Natural-Gas Market

May 31, 2017 - Industry News

The oil-rich Permian Basin is emerging as a major source of new natural gas, a development that could deepen an existing glut and pressure gas prices for years. The West Texas region has become the most prolific spot for horizontal oil drilling and fracking. The new oil wells also produce natural gas, making it a […]

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Coal Mines Are Reimagined as a New Power Source

May 30, 2017 - Industry News

BERLIN—Deserted coal mines, once left to gather dust, are glimpsing a new life in the age of solar panels and wind turbines. The expanding fleet of renewable power sources world-wide means electricity is increasingly being produced when the weather allows rather than when it is needed most, creating the need to store power ahead of […]

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Fracking Crew Shortage May Push Oil’s Biggest Bubble to 2018

May 19, 2017 - Industry News

Shale explorers pushing to expand oil production are struggling to find enough fracking crews after thousands of workers were dismissed during the crude rout. Independent U.S. drillers underspent their first-quarter budgets by as much as $2.5 billion collectively, largely because they couldn’t find enough fracking crews to handle all the planned work, according to Infill […]

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Cheniere Circles China After Trade Deal Portends Gas Export Boost

May 15, 2017 - Industry News

A new U.S.-China trade plan could be a boon for companies looking to export U.S. natural gas, and is already lifting Cheniere Energy Inc., the early mover in the nascent industry. Shares of the Texas-based company, the only one to date to export liquefied natural gas from the lower 48 states, were up 3.2% in […]

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2 Tennessee Cases Bring Coal’s Hidden Hazard to Light

April 17, 2017 - Industry News

GALLATIN, Tenn. – The hulking Gallatin Fossil Plant sits on a scenic bend of the Cumberland River about 30 miles upstream from Nashville. In addition to generating electricity, the plant, built in the early 1950s by the Tennessee Valley Authority, produces more than 200,000 tons of coal residue a year. That coal ash, mixed with […]

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California is shattering solar records. This bill could take renewable energy to the next level.

March 30, 2017 - Industry News

A month ago, California broke its all-time solar record, with nearly 8,800 megawatts of solar power flooding the state’s main electric grid on a Friday afternoon. The record stood until the following Wednesday, when more than 9,000 megawatts of solar powered the Golden State, according to the California Independent System Operator, which runs the grid. That record didn’t […]

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Trump signs executive order rolling back Obama-era energy regs

March 28, 2017 - Industry News

President Trump moved Tuesday to unravel a host of energy regulations imposed by his predecessor, targeting in particular the Obama administration’s signature program which was intended to curb carbon emissions – but blasted by Republicans for hurting the already-struggling coal industry. With a sweeping executive order signed at EPA headquarters, Trump initiated an immediate review […]

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Why natural gas is the future – not coal

March 15, 2017 - Industry News

King Coal is dead, long live the king — in this case, natural gas. President Donald Trump has vowed to reverse coal’s dwindling hold as the fuel of choice. But the trend toward gas is undermining his coal boosterism. The president recently repealed a  regulation, enacted under the Obama administration, that prevented the dumping of coal […]

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Energy Market Outlook – February 21, 2017

February 21, 2017 - Industry News Newsletter

Energy News and Market Information for the week of 2/21/2017 Author: Jason Scarbrough NYMEX Natural Gas Pricing Slammed Today “Current View of the NYMEX Natural Gas Market” Today the NYMEX natural gas market closed down 9.53% in the front month. It did this while breaking through the technical support that the bulls had built over the […]

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We’re About To See A $2 Handle In Natural Gas

February 7, 2017 - Industry News

I became worried about the natural gas market on Thursday, Jan. 26, when the EIA reported a withdrawal of only 119 billion cubic feet from stockpiles. The gap on the chart from $3.536 to $3.649 on the March futures contracts has been staring many bulls in the face since the beginning of the year. Throughout […]

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10 trends shaping the electric utility industry in 2017

January 24, 2017 - Industry News

If there’s one hallmark of the power sector at the beginning of 2017, it’s uncertainty. At the time of our last trend forecast list in September 2015, the utility industry was already being disrupted: Customer demand for distributed resources and the push for cleaner electricity were reshaping centralized fossil fuel-based grids across the country to accommodate variable […]

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Short-Term Outlook For U.S. Natural Gas Prices, January 2017

January 18, 2017 - Industry News

Isn’t this fun? The roller coaster ride continues. We’ve seen a surge up until the mid-$3.90s at the end of December, then a collapse down to a $3.10 close Monday, and now up closer up to $3.30 again. The run up for the end of the year can be attributed to thin trading during the […]

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New Oil Drilling Technology Will Soon Spark An Explosion Of Oil

January 12, 2017 - Industry News

Energy stocks have been tearing higher since the election on bets that the Trump administration will relax environmental restrictions and open more federal lands to oil and gas drilling. Crude oil’s staying north of $50 hasn’t hurt, either.

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A Rosy Future For U.S. LNG

January 10, 2017 - Industry News

American LNG exports for 2016, according to the Department of Energy, totaled 109 Bcf through December, averaging about 0.3 Bcf per day. But contrary to expectations when Cheniere Energy first opened its LNG terminal at Sabine Pass, Louisiana at the start of the year, the bulk of those energy exports have not gone to markets […]

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Obama Bans Drilling in Parts of the Atlantic and the Arctic

December 21, 2016 - Industry News

President Obama announced on Tuesday what he called a permanent ban on offshore oil and gas drilling along wide areas of the Arctic and the Atlantic Seaboard as he tried to nail down an environmental legacy that cannot quickly be reversed by Donald J. Trump. Mr. Obama invoked an obscure provision of a 1953 law, […]

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Reversing Course, E.P.A. Says Fracking Can Contaminate Drinking Water

December 15, 2016 - Industry News

WASHINGTON — The Environmental Protection Agency has concluded that hydraulic fracturing, the oil and gas extraction technique also known as fracking, has contaminated drinking water in some circumstances, according to the final version of a comprehensive study first issued in 2015. The new version is far more worrying than the first, which found “no evidence […]

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New York PSC Sets Evidentiary Hearings For Total Ban on ESCO Service Mass Market Customers

December 6, 2016 - Industry News

The New York PSC has established an evidentiary hearing process to consider whether to adopt a complete prohibition on ESCO service to mass market customers, or other market “reforms.” Such other “reforms” under consideration include requiring that ESCO bills be no greater than utility bills, and requiring the tariffing of ESCO service, including the potential […]

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U.S. Natural Gas Exports to Mexico Continue Growing

November 30, 2016 - Industry News

U.S. pipeline exports of natural gas continued to grow in 2016, having doubled since 2009, the Energy Information Administration reports. Most of the growth is attributable to increasing exports to Mexico, which have accounted for more than half of all U.S. natural gas exports since April 2015, Kallanish Energy learns. In August, the U.S. exported […]

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Competition is (Still) Working in the Texas Electricity Market

November 10, 2016 - Industry News

In 1999, the Texas Legislature elected to radically change the way the state’s electricity market operated. Previously, Texans received their electricity from regulated monopolies. Under the new legislation, however, Texas opened its market up to competition, joining a host of other states participating in electricity deregulation. Texas’ approach was nevertheless unique. Instead of instituting a […]

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Washington Carbon Emission Tax and Sales Tax Reduction, Initiative 732 (2016)

November 3, 2016 - Industry News

As of 2016, no states have a carbon emission tax. Initiative 732 would make Washington the first U.S. state with a carbon tax. The state’s northern neighbor, British Columbia, implemented a carbon tax in 2008, and this served as a base model for Initiative 732. In 2011, Washington ranked 28th in carbon emissions nationwide. Initiative 732 […]

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The Price Of U.S. Natural Gas May Have Found A Ceiling

October 26, 2016 - Industry News

The natural gas price bulls are stampeding, driven by months of lower-than-normal inventory builds and falling production.  Warm weather in early fall has not meant much demand for heating, but that has not reversed the trend of a tightening inventory.  Prices have risen to over $3/Mcf despite the current period of weak demand, and some […]

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Federal Suit Challenges NY Nuclear Subsidies

October 24, 2016 - Industry News

Despite its best efforts to avoid litigation, the New York Public Service Commission saw its Clean Energy Standard challenged in federal court Wednesday by a group of energy companies and trade groups calling the rule’s subsidies to several nuclear power plants unconstitutional.

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Mexico grid operator CENACE to explore EIM participation for Baja California Norte

October 21, 2016 - Industry News

As the western Energy Imbalance Market continues to yield proven benefits, the California Independent System Operator (ISO) and El Centro Nacional de Control de Energía (CENACE) announced today that the Mexican electric system operator has agreed to explore participation of its Baja California Norte grid in the real-time market. CENACE and the ISO will begin […]

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Growing U.S. Industrial Natural Gas Demand

October 18, 2016 - Industry News

Power generation, LNG exports globally and pipeline exports to Mexico and Eastern Canada, and new industrial demand are the three rapidly growing baseload natural gas demand markets. Let me start off on an important tangent: You should know that these expanding markets effectively ensure that U.S. gas production will deliver. Because again, we already know that the gas resource and […]

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Natural Gas: The Rig Count That Matters

October 4, 2016 - Industry News

This lag is not surprising. Operators needed time to gain confidence that the increase in natural gas price is meaningful and “sticks.” In addition, it takes time for a company to go through the capital commitment process, contract a rig, and mobilize the supply chain. In fact, the price signal may have not had much […]

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Two Years Into Oil Slump, U.S. Shale Firms Are Ready to Pump More

September 29, 2016 - Industry News

When oil prices began to plunge two years ago due to a global glut of crude, experts predicted U.S. shale producers would be the losers of the resulting shakeout. But the American companies that revolutionized the oil and gas business with hydraulic fracturing and horizontal drilling are surviving the carnage largely unbowed. Though the collapse in […]

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Leak From Biggest U.S. Gasoline Pipe Sparks ‘Red Alert’

September 19, 2016 - Industry News

Gasoline prices are set to jump across the eastern U.S. after a spill from the country’s largest fuel pipeline choked off supplies. A leak in Alabama Sept. 9 shut the main gasoline pipeline delivering fuel from refineries along the Gulf Coast to 50 million Americans in states from Mississippi to New Jersey. Colonial Pipeline Co. said […]

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Big Oil’s New Focus on Natural Gas

September 14, 2016 - Industry News

Royal Dutch Shell’s truck filling station at Rotterdam’s Waalhaven harbor in the Netherlands isn’t your typical fueling spot. Alongside the diesel pumps are fuel tanks with a special nozzle used to pump liquefied natural gas—an experiment that Shell is hoping can help it stay ahead of shifting trends in energy consumption.

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NY PSC, NYISO Say ISO-NE Capacity Market Change Could Spike NY Capacity Prices By $340 Million

September 13, 2016 - Industry News

A change to the treatment of imports in ISO New England’s capacity market could expose an “inefficiency” in the New York ISO capacity market that could raise capacity prices for load by $340 million, the New York ISO and New York PSC warned in separately filed comments at FERC.

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US natural gas futures end little changed

September 13, 2016 - Industry News

US natural gas futures ended little changed on Friday as forecasts for milder weather over the next two weeks offset the bullish influence of a much smaller-than-expected storage build. After jumping almost 5 percent on Thursday due to the small build, front-month gas futures on Friday eased 0.9 cent, or 0.3 percent, to settle at […]

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Oil! Massive shale discovery in Texas

September 9, 2016 - Industry News

Apache (APA) revealed the huge find this week after more than two years of stealthily buying up land, extensive geological research and rigorous testing. The Houston company estimates the discovery, dubbed “Alpine High,” could be worth at least $8 billion. Apache believes the new shale play spans at least five formations, contains over three billion barrels […]

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Thanks To Fracking, Earthquake Hazards In Parts Of Oklahoma Now Comparable To California

September 8, 2016 - Industry News

A magnitude 5.6 earthquake shook Oklahoma on Saturday, tied for the strongest quake ever recorded in the state. Odds are it was triggered by fracking operations, specifically the subsurface injection of fracking wastewater. There is a direct connection between fracking and earthquakes in the central and eastern United States (Figure 1). But the earthquakes are […]

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July 2016 Was Earth’s Hottest Month on Record

August 16, 2016 - Industry News

Three independent agencies have confirmed July 2016 as the warmest month since they started keeping temperature records, the Weather Channel has reported. July is usually the warmest month globally, since the northern hemisphere has more land mass, and land heats up faster and retains more heat than the oceans.

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Initiative To Introduce Energy Choice In Nevada Will Appear on November Ballot

August 10, 2016 - Industry News

Nevada Secretary of State Barbara Cegavske has certified that the petition returned for The Energy Choice Initiative are sufficient, and the initiative will appear on the 2016 general election ballot.

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Texas Is Drowning in Wind Energy

August 9, 2016 - Industry News

Texas has made a massive investment in wind power, and the turbines are starting to move. 18,000 megawatts (MW) of wind generation capacity are already up and running, and 5,500 more are coming soon. But there’s a problem: It’s hard to build the infrastructure to get all that energy to people. There’s a serious possibility […]

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Natural Gas Rejects Higher Price The First Time Up

August 4, 2016 - Industry News

Natural gas had a big day last Thursday after the Energy Information Administration released their weekly inventory report. It has been a wild year in the energy commodity. In late February the price dropped to the lowest level since the end of the 1990’s when it traded to $1.6110 per MMBtu. In the world of […]

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Companies getting good at life at $50 per barrel

July 14, 2016 - Industry News

Energy companies are growing accustomed to low oil prices, though some projects still may be left on the shelf if markets stay put, Wood Mackenzie finds. Citing “capital constraints,” LNG Canada, a joint venture between Shell and Asian energy partners, said this week it was delaying a final investment decision for a liquefied natural gas […]

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New England’s Known Need For More Natural Gas Pipelines

June 27, 2016 - Industry News

Despite not producing any itself, New England (6 states here) has rapidly surged its reliance on natural gas. ISO New England now gets about 50% of its power from gas, versus 10-15% a decade ago. From 2014-2015 alone, gas increased its share of New England’s power generation from 43% to 49%. Nearly 30 gas plants have been built in […]

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Obama to Fight Court Ruling That Struck Down Fracking Rules

June 23, 2016 - Industry News

The Obama administration will fight a federal judge’s ruling overturning its effort to regulate hydraulic fracturing on public lands, a decision that struck another blow to the president’s environmental legacy. “We’ll continue to make our case in the courts,” White House spokesman Josh Earnest said at a briefing Wednesday. “We believe that we have a […]

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NRDC Announces PG&E Has Agreed To Kill Diablo Canyon

June 21, 2016 - Industry News

The Natural Resources Defense Council (NRDC) has just issued a press release stating that they have signed a deal with PG&E PCG +0.32%, IBEW local 1245, the Coalition of California Utility Employees, Friends of the Earth, Environment California, and the Alliance for Nuclear Responsibility.

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Quarterly coal production lowest since the early 1980s

June 14, 2016 - Industry News

Coal production in the first three months of 2016 was 173 million short tons (MMst), the lowest quarterly level in the United States since a major coal strike in the second quarter of 1981. Among the supply regions, coal production from the Powder River Basin in Montana and Wyoming declined the most in tonnage and […]

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Unlikely Casualty in California’s Renewable Energy Boom: Natural Gas

June 10, 2016 - Industry News

In February of 2001, then California Governor Gray Davis stood at the site of Calpine Corp’s new Sutter natural gas power plant and unveiled his plan to fast-track construction of similar stations to add 20,000 megawatts of modern, efficient generation to the state in three years. Natural gas, Davis said, was “the most environmentally friendly, […]

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U.S. oil exports rise 7-fold in first 3 months

June 8, 2016 - Industry News

The U.S. is beginning to step up its oil exporting game. The 40-year ban on exporting U.S. crude was lifted last December. Since then, there’s been a sevenfold increase in America’s oil exports to destinations other than Canada, which was excluded from the ban.

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Dynegy Announces Illinois Generation Reliability Act

May 29, 2016 - Industry News

Dynegy Inc. (DYN) today plans to file the Illinois Generation Reliability Act that will provide economic benefits to consumers and help Illinois preserve vital, high-paying power generation jobs and the related economic benefits by moving the state into a single competitive power market.

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Why Cheap Shale Gas Will End Soon

May 25, 2016 - Industry News

Enthusiasts believe that shale gas is simultaneously cheap, abundant and profitable thus defying all rules of business and economics. That is magical thinking. The recently released EIA Annual Energy Outlook 2016 sparkles with pixie dust as it forecasts almost unlimited gas supply at low prices out to 2040 and beyond. Exuberant press reports herald a […]

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2019/2020 RPM Base Residual Auction Results for PJM

May 25, 2016 - Industry News

The 2019/2020 Reliability Pricing Model (RPM) Base Residual Auction (BRA) cleared 167,305.9 MW of unforced capacity in the RTO. Accounting for load and resource commitments under the Fixed Resource Requirement (FRR), the reserve margin for the entire RTO for the 2019/2020 Delivery Year as procured in the BRA is 22.4%, or 5.9% higher than the […]

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Why Natural Gas Will Turn Bullish

May 13, 2016 - Industry News

While oil has had a nice run off its low this February (up as much as 78%), natural gas has not nearly kept pace with it. While the price movements of the two commodities are correlated, the relationship can be minimal for long periods of time because oil is traded in a completely global market, […]

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Re-regulation of electric industry a tough sell in Ohio: former PUC chairman

May 5, 2016 - Industry News

Two of the nation’s largest electric utilities, Ohio’s American Electric Power and FirstEnergy, would face pushback from legislators and others if they try to re-regulate the state’s electric industry after a federal agency last week blocked their income-guarantee plans covering more than 6,000 MW of mostly coal-fired generation, Ohio’s former top utility regulator said Monday.

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Why Pipelines Could Soon Feel The Next Devastating Phase Of The Oil Bust

May 3, 2016 - Industry News

How a landmark bankruptcy proceeding could enable troubled oil and gas producers to break their contracts with pipeline operators–and deal devastating blows to the midstream sector and MLP investors.

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New England’s CO2 Emissions Rise as Vermont Yankee is Shuttered

April 27, 2016 - Industry News

When Vermont Yankee was set to close, activists such as Bill McKibben claimed that Vermont “is completely capable of replacing (and far more) its power output with renewables, which is why my roof is covered with solar panels.”[i] This isn’t what happened. Instead, natural gas generation expanded in New England. As a result, carbon dioxide […]

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Will LA’s historic gas leak knock Hollywood’s lights out this summer?

April 19, 2016 - Industry News

The day the lights go out in Hollywood may come this summer, the top California energy agencies say. As a result of the worst natural gas leak in U.S. history, the electricity supply in the Los Angeles region could be threatened for two weeks this summer, according to reports prepared by California utility regulators, the […]

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Botched Doha deal undermines OPEC credibility, oil prices tumble

April 18, 2016 - Industry News

SINGAPORE (Reuters) – Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel. Tensions between Saudi Arabia and Iran were blamed for the failure, which revived industry fears […]

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Cheap Texas Power Disrupts the Grid

April 11, 2016 - Industry News

Most Texans were asleep buy 1 a.m. March 23 when heavy gusts of wind provided nearly 50 percent of the state’s electricity. It was the biggest portion provided by wind in the grid’s history. What’s touted as good news by environmentalists, though, is causing endless hours of anxiety for power generators that rely on natural […]

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One Thing California, Texas Have in Common Is Negative Power

April 8, 2016 - Industry News

A phenomenon in wholesale power markets that forces prices below zero when renewable energy supplies surge is occurring more than ever in markets from California to Texas. Even the Midwest and Northeast aren’t immune. It’s expensive for nuclear plants and coal- and natural gas-fired units to turn on and off. So when output from wind […]

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Nuclear Power Is Too Safe to Save the World From Climate Change

April 7, 2016 - Industry News

Later this year, a nuclear power reactor will open in the US for the first time in two decades. But this reactor, called Watts Bar Unit 2—one of two near Spring City, Tennessee—isn’t quite new. Most of it was built in the 1970s and ’80s alongside Unit 1, which came online in 1996 and has performed […]

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California’s Growing Imported Electricity Problem

April 6, 2016 - Industry News

California’s SB 350 requires the state to procure 50% of electricity from renewable energy and double energy efficiency savings by 2030. And the U.S. Environmental Protection Agency’s “Clean Power Plan” wants states to“to act more like California.” Yet, beyond power rates 45% above the U.S. average, California has another problem that makes it less of a model than some […]

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How Companies Can Use Multiple Approaches to Improve Energy Management

March 23, 2016 - Industry News

Companies today employ a wide array of energy reduction strategies, including energy efficiency, renewable energy, and the utilization of data management systems. But how can companies simultaneously improve these distinct facets of energy management and ultimately scale them? Increasingly, companies that show excellence in comprehensive, strategic energy management are able to employ both top-down and […]

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Obama Reverses Course on Drilling of Southeast Coast

March 16, 2016 - Industry News

The Obama administration is expected to withdraw its plan to permit oil and gas drilling off the southeast Atlantic coast, yielding to an outpouring of opposition from coastal communities from Virginia to Georgia but dashing the hopes and expectations of many of those states’ top leaders.

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New Tech Could Give Coal a Scrubbing Until Renewables Are Ready

March 9, 2016 - Industry News

No matter how you feel about coal, you can’t deny that it is very dirty stuff. Nor can you argue that our electrified society is anywhere near ready to run without it. Until renewables scale up and become storable—available after sunset and between breezes, in other words—coal will continue to supply a big part of the world’s […]

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Electricity business undergoing quiet revolution

February 29, 2016 - Industry News

The biggest energy revolution over the next 20 years won’t be in oil and natural gas, but in how we generate, distribute and consume electricity. Utility executives speaking at IHSEnergy CERAWeek in Houston complained about the need to generate new business plans and regulations to deal with the flood of cheap, renewable energy and the […]

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8 Steps to Winning Support for Energy Efficiency Projects with Utility Data

February 25, 2016 - Industry News

Today more than ever, companies are exploring effective ways to improve energy efficiency and better control costs. However, convincing senior leaders and other stakeholders that specific energy efficiency projects are imperative to the business’s success is no easy task. These days, with access to a much more expansive volume and variety of data, energy and […]

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Cheniere’s Sabine Pass to Ship First Cargo Later Today

February 25, 2016 - Industry News

HOUSTON — The first cargo of U.S. liquefied natural exported from the lower 48 United States will leave Cheniere Energy’s Sabine Pass plant later Wednesday, a company executive announced. The shipment signals that the unconventional gas revolution that upended U.S. natural gas markets has now arrived on the global markets. The fuel will be carried to Brazil on the LNG tanker […]

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Natural Gas Prices Near 16-Year Low

February 24, 2016 - Industry News

Natural gas slid to a new two-month low Wednesday as traders watched the growing oversupply of the fuel. Futures for March delivery recently fell 0.9 cent, or 0.5%, to $1.773 a million British thermal units on the New York Mercantile Exchange, the lowest level since December. Prices are less than 2 cents above the 16-year settlement […]

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Natural Gas Price Increase Inevitable In 2016

February 22, 2016 - Industry News

Every week, the EIA proclaims a new record for natural gas production. But their own forecasts show that the U.S. will be short on supply by October of this year. A price increase is inevitable beginning later in 2016. The popular myth is that gas production will continue to increase and that prices will remain low for years. In the myth, price has […]

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Europe Places Bets on Natural Gas to Secure Energy Future

February 19, 2016 - Industry News

The future of Europe’s energy supply is to rely heavily on natural gas for the coming two decades and beyond, according to a new strategy set out on Tuesday by the European commission. The plans were immediately attacked by green campaigners, who contrasted the continued role of fossil fuels with commitments to cut carbon dioxide […]

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U.S. Natural-gas Exports Start as Overseas Demand for LNG is Slowing

February 18, 2016 - Industry News

The first ship carrying natural gas from the Gulf Coast is expected to depart soon, marking the emergence of the U.S. as a major exporter and the globalization of the once highly regionalized gas trade. (Subscription Required)

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Why OPEC deal may not increase oil prices

February 17, 2016 - Industry News

Gleaning insight into the direction of the Organization of the Petroleum Exporting Countries is a favored parlor game of the oil markets, as evidenced by three separate incidents recently in which oil prices spiked on hopes of a production cut.

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A Skeptical Supreme Court Suspends Obama’s Clean Power Plan

February 11, 2016 - Industry News

The Obama administration’s bold attempt to use the Clean Air Act to shut down coal-fired power plants hit a wall in the U.S. Supreme Court today as Chief Justice John Roberts suspended enforcement of the new rule pending lower-court review. The stay — opposed by the court’s liberals — could spell trouble for the Clean […]

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With Fuel Prices Low, President Obama Floats $10 Per Barrel Tax On Oil

February 10, 2016 - Industry News

I filled my gas tank on Saturday for just $29.50. At this time last year, I was paying about $60. That’s a phenomenal difference. In my town, the price of gas at the general store (yes, someone comes out to fill your tank), tax included, is just $2.169 per gallon. I’ve hear multiple reports from […]

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FERC Upholds Constitution Pipeline OK

February 4, 2016 - Industry News

FERC set back efforts to stop a natural gas pipeline in New York on Thursday when it refused to rehear its December 2014 approval of the project. (CP13-499). FERC dismissed a challenge by project opponent Stop the Pipeline to thwart the Constitution Pipeline project and a related compression station in Wright, N.Y. The project is designed […]

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U.S. Natural Gas Rises As America’s CO2 Emissions Drop

February 4, 2016 - Industry News

As much as fossil fuel alternatives are increasing, natural gas is increasing more. And will continue to grow fasterthan all other sources in the United States and Europe. This may be a double-edged sword.

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Japan’s Innovative Solution to Its Energy and Space Crisis: The World’s Largest Floating Solar Power Plan

February 2, 2016 - Industry News

Space is a big problem in Japan. The small, mountainous island nation has limited flat ground for building, and what there is comes at a premium. Its other huge issue is energy, which the country struggles to produce and pays to import enough to satisfy its needs. One solution: massive solar farms floating on bodies of water.

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Natural Gas on the Verge of a Rally?

January 26, 2016 - Industry News

After years of historically cheap natural gas in the United States, prices could soon be on the rise. A forecast released Monday by the U.S. Energy Information Administration predicted natural gas prices will rise more than 60 percent over the next two years, averaging $2.65 per million British thermal units this year and $3.22 in […]

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Supreme Court Rules on Demand Response

January 25, 2016 - Industry News

The U.S. Supreme Court today upheld the Federal Energy Regulatory Commission’s jurisdiction over demand response in wholesale electricity markets. The Supreme Court decision reversed the judgment of the U.S. Court of Appeals for the District of Columbia Circuit in a challenge to FERC Order 745.

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ERCOT Energy Use up 2.2% in 2015; Wind Surpasses Nuclear

January 25, 2016 - Industry News

ERCOT reported a 2.2% increase in energy usage within its region of Texas in 2015, fueled by a record-breaking summer that brought a new peak demand record approaching 70,000 MW.

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Crude Dives Below $30 as Market Braces for More Iranian Oil

January 15, 2016 - Industry News

Brent crude futures plunged as much as 5.5 percent to near 12-year lows on Friday as the market braced for increased Iranian oil exports, with the lifting of international sanctions possible within days.

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War of words breaks out among OPEC members

January 12, 2016 - Industry News

After watching the price of crude oil collapse by more than 65% to a 12-year low, there are signs that some members of the OPEC may have had enough.

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FERC Orders MISO to Change Capacity Auction Rules

January 11, 2016 - Industry News

FERC has ordered MISO to change the way it conducts capacity auctions beginning with the 2016/17 auction in April as it continues to investigate allegations of market manipulation against Dynegy.

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California governor declares emergency over Porter Ranch gas leak

January 8, 2016 - Industry News

California Gov. Jerry Brown declared a state of emergency Wednesday over a major gas leak in the Los Angeles suburb of Porter Ranch.

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Google Helps Analyze if Rooftop Solar Panels are Good Deal

January 3, 2016 - Industry News

The company that lets you compare air fares and translate foreign languages online wants to make it easier to weigh the costs and benefits of installing solar panels on household rooftops.

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Oil ends below $35 as natural gas suffers 7th straight loss

December 17, 2015 - Industry News

Supply glut, dollar rise on interest-rate hike pack one-two punch for oil

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Natural Gas Falls to 16-Year Low on Healthy Supply

December 17, 2015 - Industry News

Government report said gas stockpiles fell by a third of their five-year average last week

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Wind, Solar Companies Get Boost From Tax-Credit Extension

December 16, 2015 - Industry News

Congressional vote to extend lucrative federal subsidies for renewable energy is applauded by wind and solar industries

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Natural-gas prices plunge to a more than a 14-year low

December 15, 2015 - Industry News

Heating oil drops to lowest level since 2004

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Natural Gas Sinks to 14-Year Low

December 14, 2015 - Industry News

Warm weather continues to reduce heating demand Tuesday

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