Natural Gas News – January 30, 2017

View the Complete Pricing Report

Resignation threatens to bring U.S. pipeline rulings to halt

Bloomberg reports: A U.S. energy regulator filed his letter of resignation on Thursday. And with that letter, he may have just brought federal decisions on multibillion-dollar natural gas pipelines to a halt. Norman Bay said he’ll leave the Federal Energy Regulatory Commission effective Feb. 3. His announcement followed President Donald Trump’s decision to replace him as the agency’s chairman with his fellow commissioner, Cheryl LaFleur. With Bay’s departure, the agency will have just two commissioners, short of a quorum needed to decide anything from controversial gas pipeline projects to contested utility mergers. His resignation comes just as developers are rushing to build a network of pipelines to accommodate booming natural gas production from shale reserves in the Northeast, unlocking bottlenecks that have caused prices to plunge. For more visit bloomberg.com or click the following link http://bloom.bg/2kuDP4y

The West’s largest coal plant may close. It’s a big deal.

Beloit Daily News reports: The largest coal-fired power plant in the West — one of the biggest climate polluters in the nation — could close later this year, a major symbolic blow to the future of coal as the backbone of America’s electric power grid. The owners of Arizona’s Navajo Generating Station northeast of the Grand Canyon announced in early January that low natural gas prices and the rising costs of generating electricity using coal make it too expensive to operate the plant. A decision on the plant’s fate is expected this spring. Coal-fired power plants, once the workhorse of the nation’s electricity grid, are the biggest individual climate polluters in the country, and they’re falling victim to coal’s biggest competitor — plentiful, cheap natural gas flooding the country because of fracking. For more visit beloitdailynews.com or click the following link http://bit.ly/2kb1JUM

 

 

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.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Make a Call

We are happy to discuss your business challenges over the phone and answer any questions.

800.695.6626

Send Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote