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

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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