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Massachusetts natural gas pipeline investment plan questioned - Natural Gas

Massachusetts natural gas pipeline investment plan questioned

Boston (Platts)–18May2015/427 pm EDT/2027 GMT

A proposal by the Massachusetts Department of Energy Resources to allow the state’s electric distribution companies to socialize the cost of committing to long-term natural gas pipeline capacity is ill-conceived and may well be contrary to state law, the president of the New England Power Generators Association said Monday.Dan Dolan said in an interview that DOER’s proposal, which the Massachusetts Department of Public Utilities is just beginning to review, is based upon what he said is a false premise that new gas pipeline capacity and new generating capacity is not being built.In fact, Dolan said, two planned pipeline expansion projects — Spectra Energy’s Algonquin Incremental Market project and Kinder Morgan’s Connecticut Expansion — are advancing toward construction, and 1,700 MW of proposed power plants have cleared ISO New England’s recent forward capacity auctions.”And, for next year’s auction, more than 16,000 MW of proposed projects have expressed interest” –a clear sign that the existing system is working, he said. 15 more words

Energy News

Natural gas futures rebound with all eyes on weekly storage data

Investing.com – U.S. natural gas prices rebounded from a more than two-week low struck in the previous session on Wednesday, as market participants looked ahead to fresh weekly information on U.S. 141 more words

Energy News

Natural Gas Prices Decline for the Second Day

This series analyzes natural gas prices and fundamentals. For an in-depth look at natural gas and related companies, sectors, and drivers, please refer to our Energy and Power page. 71 more words

Energy News

Natural gas company pushes to move forward on Pinelands gas pipeline

UPPER TOWNSHIP, N.J. (AP) — A southern New Jersey natural gas company wants to move forward with a 22-mile-long, 2-foot-wide pipeline from one rural section of the state to another. 254 more words

Energy News

Energy Market Summary 5/26/15

The June 2015 natural gas contracted traded as high as $3.105/MMBtu intra-day last Tuesday (its highest price since mid-January) before declining 21.8¢ to close Friday at $2.887/MMBtu. 32 more words

Energy News

Natural-Gas Prices Give Up Gains

NEW YORK–Natural-gas prices slipped Friday on continued concerns about ample supplies. Prices have rallied in recent weeks since hitting a nearly three-year low in April, as cheap prices and hotter temperatures spurred expectations of demand for gas-fueled power generation to run air-conditioning units. 153 more words

Energy News

Natural Gas Storage Report: 5/21/15

Working gas in storage was 1,989 Bcf as of Friday, May 15, 2015, according to EIA estimates. This represents a net increase of 92 Bcf from the previous week. 302 more words

Energy News