Nat Gas News – May 10, 2017
Nat Gas News – May 10, 2017
In the News
Trump to nominate Powelson, Chatterjee to FERC
Utility Dive reports: President Trump will nominate Robert Powelson, a member of the Pennsylvania Public Service Commission, and Neil Chatterjee, a longtime aide to Senate Majority Leader Mitch McConnell to seats on the Federal Energy Regulatory Commission. Power and gas interests have clamored for it; Bloomberg estimates about $50 billion in energy projects have seen delays due to FERC’s inability to render major decisions. The commission lost quorum in January when former Chairman Norman Bay stepped down. Before joining the majority leader, Chatterjee was a lobbyist for the National Rural Electric Cooperative Association, a trade group for power co-ops that generally advocates for states’ rights in energy policy. Powelson has served on the Pennsylvania PUC since 2008 and last year was elected president of the National Association of Regulatory Utility Commissioners (NARUC), a national advocacy group of state regulators. For more on this story visit utilitydive.com or click http://bit.ly/2qoFBuf
U.S. natural gas futures bounce back after Monday’s losses
Investing.com reports: U.S. natural gas futures were higher on Tuesday, bouncing back from its biggest one-day loss in almost two months as traders monitored shifting weather forecasts to assess the outlook for spring demand and supply levels. Cool conditions are expected to linger over the northeastern U.S., although warming slightly mid-week before another weather systems with reinforcing cooling follows Friday through early next week. Overall, natural gas demand will remain stronger than normal, mainly driven primarily by the cooler than normal northeastern U.S. For more visit investing.com or click the following link http://bit.ly/2qWMLBW
This article is part of Daily Natural Gas Newsletter
Tagged: natural gas, prices
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