Natural Gas News – December 28, 2017

Natural Gas News – December 28, 2017

 

Seminole Electric Proposes $727M Natural Gas Plant

The Tampa Bay Times reported: State regulators will hear arguments in March on proposals for two new natural gas power plants in Putnam and Pasco counties that would supply electricity to customers of electric cooperatives throughout Florida. Filings last week with the state Public Service Commission show a two-pronged strategy by Tampa-based Seminole Electric Cooperative, Inc., to help meet future power needs. Part of that strategy calls for building a $727 million plant; the cost of the other, smaller facility has not been disclosed. “Based on its continuing evaluation of its member cooperatives’ electricity needs,” Seminole said in the filing, “Seminole projects a need for 901 megawatts of additional generating capacity by the end of 2021.” Seminole is a nonprofit utility that provides wholesale power to cooperatives throughout the state to 1.6 million customers in Florida. For more visit tampabay.com or click http://bit.ly/2zIdTsy

In Bad Trade Off, New England Forsakes Natural Gas For Petroleum

Forbes reported: In New England, an overall concern for the environment and safety has actually led to further risks to the environment. New England has been at the forefront of converting its fossil fuel power plants to use cleaner burning natural gas. In fact, the region’s electricity generation is over 50% reliant on natural gas. In addition, many New Englanders have gas lines in their homes and use natural gas for heating and cooking. However, natural gas prices in New England are also the most expensive in the nation, because state and local governments have fought to keep out the pipelines needed to transport it into and around the region. Now, a polar vortex has hit the northeast and frigid temperatures are causing demand for natural gas to skyrocket. Natural gas prices in New England tripled in just one day and are currently some of the highest in the nation. For more visit forbes.com or click http://bit.ly/2ChhUH7 

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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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