Gas futures climb as
storage report nears: NYMEX February natural gas futures kept moving up yesterday as the market expects a possible record high storage report from EIA tomorrow, analyst Jackson Mueller reported. The contract added 8.8¢ to close at $2.923/MMBTU. EIA’s storage report would cover the week ending Jan 5, which saw a major deep freeze and storms in the East. That could lead to a record storage pull over 300 BCF. The largest ever was 288 BCF during the polar vortex event of 2014. The weather this week moderated and Mueller believes the market is in a “slowly evolving downtrend,” he added.
Dr Capuano takes
helm at US EIA: EIA now has its ninth administrator as Dr Linda Capuano took control of the administration yesterday. Before her appointment, Capuano was the fellow in energy technology at the Baker Institute for Energy Studies. She previously was on the Cal-ISO Board of Governors and Peak Reliability’s board. Capuano’s career focused on commercializing technology. She has a PHD in material science and engineering and an MS in engineering management from Stanford University.
Great Eastern Energy
expands into Connecticut: Great Eastern Energy (GEE) yesterday announced it is expanding its retail power business into Connecticut. The expansion includes the two main utilities in the state – Eversource Energy and United Illuminating. Business and residential customers in the two utility territories can now benefit from GEE’s suite of energy product and power offerings. The firm already did business in New York, New Jersey, and Massachusetts.