The 20-month strip gained 1.7¢ to $4.584; the 2022 calendar strip was up 0.9¢ to $4.249 (Futures contracts).
The WTI crude contract was flat, gaining 0.1¢ to $70.46/bbl.
British Columbia's Westcoast Station 2 saw the most significant price move of the day, rising 44¢ to $3.52 while Alberta benchmark Aeco rose 14¢ to $3.68. This compared to benchmark Henry Hub cash prices that were up 17¢ at $5.36. In the Northeast, Transco zone 6 New York went up 12¢ to average $5.06, while Boston-area Algonquin advanced 57¢ to average $5.58. In West Texas, cash prices at the Permian's Waha Hub fell 7¢ to average $5.01. Meanwhile, Rockies leader Kern/Opal rose 6¢ to $5.66, SoCal Citygate advanced 14¢ to average $8.02 and Northwest Sumas gained 7¢ to average $5.61 (Daily spot prices).
Energy Information Administration data show a steep falloff in natural gas-fired generation due to major power outages caused by Hurricane Ida. The electric load in MISO’s southern region was 25%-30% of normal for Aug. 30, the day after Ida made landfall. The region includes service areas in eastern Louisiana and western Mississippi in which 1.2 million customers suffered long-term outages including the entire city of New Orleans. Hourly natural gas-fired electric generation in the southern MISO region peaked at 20 gigawatts on Aug. 26, but only reached 12 GW on Aug. 30.
Harvard University said Friday that it had wound down the fossil fuel investments in the university’s $42 billion endowment after years of stakeholder pressure. The Ivy League university said it had a handful of private equity holdings with some remaining exposure to fossil fuels that represented less than 2% of the endowment, but those investments were in “run-off mode.”The university plans to make no future investments in companies that explore for or develop further reserves of fossil fuels, President Larry Bacow said in a statement.
Natural Gas Spot Prices
|Eastern Gas South|
Trade Date: Sep. 14, 2021 / Flow Date: Sep. 15, 2021
Natural Gas Futures
Spot Cash Electricity Prices
Gas Prices, Power Prices and Spark Spreads for Major Hubs
Gas Needed to Replace Offline Nuclear Capacity
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