EarlyBird News

Gas demand is showing unexpected signs of growth, and longer-term prices face more upside risk. Gas demand from power is poised to climb 15% by 2016 to 22.9 Bcf/d, led by coal-to-gas switching, coal plant retirements and gas-fired capacity additions. Demand from the residential, commercial, exports, transportation and other sectors also is rising. Mexican exports […]

  The spread between natural gas and crude oil has hit an all time record. Using inter-market analysis allows us to compare the value of substitute goods using equal measurements such as MMBtus, in this case, we can compare the price of crude oil to the price of natural gas to determine what price levels it becomes […]

U.S. Electricity Retail Prices.  During 2010, retail prices for electricity distributed to the residential sector averaged 11.58 cents per kilowatthour, about the same level as in 2009.  EIA expects residential prices to rise by 2.3 percent in 2011, followed by little change in 2012.  The effect of lower generation fuel costs should be more evident […]

States such as Kansas have already begun a switch to natural gas. Prior to 2002, there were only 63 registered natural gas wells in the Cherokee Basin. In 2009, more than 5,200 were registered. Southern West Virginia, known for its vast coal reserves, would likely be hurt the most from a blow to the coal […]

Natural Gas’s low price relative to crude oil makes some form of this proposed amendment likely to pass There is established within the Department a Natural Gas Vehicle and Infrastructure Development Program for the purpose of facilitating the use of natural gas in the United States as an alternative transportation fuel, in order to achieve […]

The Pennsylvania PUC approved a new retailer license for EarlyBird Power yesterday. Early Bird Power will serve small and large C&I and government accounts.

THE DEAL: Northeast Utilities buys Nstar for $4.17 billion, creating the biggest utility in New England. It will serve 3.5 million electric and gas customers in Connecticut, Massachusetts and New Hampshire. THE REASON: Northeast needs cash to fund ambitious transmission construction plans; Nstar has cash, but not the size or scope to pursue large growth […]

By MARC LEVY Gov. Ed Rendell is insisting on certain environmental protections and landowner compensation requirements before he signing any bill that forces Pennsylvania landowners to sell their below-ground natural gas rights to a drilling company. Rendell’s top aides said this week that discussions on a measure being sought by the booming natural gas industry […]

By Edward Welsch Natural-gas futures settled near unchanged Wednesday ahead of the release of natural-gas storage data expected to show a smaller-than-normal build in gas supplies, and as storm activity in the Gulf of Mexico remained unthreatening to U.S. energy infrastructure. The National Hurricane Center reported that a low-pressure area in the Gulf of Mexico […]