Natural gas prices at SoCal Citygate, the main price hub in Southern California, averaged $3.61 per million British thermal units (MMBtu) during December 2023, according to a March 25 report published by the U.S. Energy Information Administration. The average spot price during December 2023, was the lowest December spot price in eight years, when adjusting…...
Multiple states in the U.S. have initiated long-term proceedings to examine the operations of natural gas utilities, aiming to incorporate the implications of electrification goals and…Read the full report …...
Multiple states in the U.S. have initiated long-term proceedings to examine the operations of natural gas utilities, aiming to incorporate the implications of electrification goals and emissions reduction requirements into the planning processes of distribution utilities.
The Environmental Protection Agency’s upcoming rule to limit carbon dioxide emissions from fossil fuel-fired power plants will omit existing natural gas-fired plants, according to a Feb. 29 statement. The rule is expected in April. The agency plans to take a new approach to address emissions from the existing gas-fired fleet, covering more pollutants and ensuring…...
The Minnesota Public Utilities Commission has formalized planning requirements for the state’s major natural gas utilities. The initiative stems from the 2021 gas price spike during Winter Storm Uri, which underscored the need for a comprehensive planning approach to safeguard consumers from price volatility. The process aims to ensure safe, reliable, and cost-effective utility service…...
The U.S. is projected to retire 5.2 gigawatts (GW) of electricity generating capacity in 2024, according to a Feb. 20 report published by the U.S. Energy Information Administration. The expected retirement of power generating capacity this year is 62 percent lower than 2023 and is the lowest yearly decline since 2008. Coal and natural gas…...
U.S. natural gas prices during 2023 were relatively lower, due to increases in natural gas supply surpassing the rise in natural gas demand, according to a Feb. 12 report from the U.S. Energy Information Administration. Domestic gas production and imports were robust during 2023, amid a backdrop of high U.S. natural gas storage levels. In…...
For years now, lawmakers and regulators across the U.S. have intensified their scrutiny of the competitive electricity market for residential consumers in order to address…Read the full report…...
For years now, lawmakers and regulators across the U.S. have intensified their scrutiny of the competitive electricity market for residential consumers in order to address deceptive sales tactics and complex contract terms that burden consumers with high costs.
The U.S. Environmental Protection Agency on Jan. 12 proposed measures to reduce wasteful methane emissions in the oil and gas sector in accordance with the 2022 Inflation Reduction Act, or IRA. The proposed rule involves imposing charges on significant emitters that exceed emissions intensity levels established by Congress. In December, the agency issued New Source…...
