Archive for the ‘Natural Gas’ Category

State orders new probe of massive Peoples Gas project

Posted on: March 14th, 2017 by rgadmin

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Q: How many different people does it take to lay pipe in the ground?

A: 50: 1 to dig the hole, 1 to put in the pipe, 5 to supervise and 43 to audit, regulate, review, police and provide oversight

The Illinois Commerce Commission, the entity responsible for oversight over utility monopolies in Illinois, has announced that the Peoples Gas pipeline replacement project be reopened and investigated.

Peoples Gas has been digging up Chicago streets for over a year as part as part of what was a $5.7 billion and is now projected to be over $7 billion. The ICC previously investigated Peoples Gas and fined them $18 million, oh but they approved $3.5 billion of the project!

Perhaps the ICC will hold Peoples Gas accountable for spending recklessly and not approve billions while barely slapping their hand with a petty fine

Previous reports have provided insight into the topic include: http://realgyenergyservices.com/?s=peoples+gas

  1. Peoples Gas Admit it withheld information; receives $3.5 Billion more but pays $18 Million fine.
  2. “I am NOT a crook!”
  3. Peoples Gas Officials ‘Misled’ Regulators About Cost Overruns
  4. Who oversees a monopoly that is spending recklessly?
  5. Peoples Gas parent to be acquired in $9.1 billion deal

Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.

Additional Information:

http://www.chicagobusiness.com/article/20170301/NEWS11/170309973#utm_medium=email&utm_source=ccb-morning10&utm_campaign=ccb-morning10-20170302


DOE EIA Weekly Gas Storage Report

Posted on: November 4th, 2016 by rgadmin

Working gas in storage was 3,963 Bcf as of Friday, October 28, 2016, according to EIA estimates. This represents a net increase of 54 Bcf from the previous week. Stocks were 48 Bcf higher than last year at this time and 173 Bcf above the five-year average of 3,790 Bcf. At 3,963 Bcf, total working gas is above the five-year historical range.

Estimated 57 Bcf
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Actual 54 Bcf

US gas storage levels look all but guaranteed to set a record high in the coming weeks as Henry Hub prompt-month futures and spot prices plummeted over the past week while the market awaits winter demand. The US Energy Information Administration will estimate a 57-Bcf injection to natural gas in underground storage for the reporting week that ended October 28, according to a consensus of analysts surveyed by Platts. Analysts’ estimates in the survey ranged for an injection of 53 Bcf to 60 Bcf. The EIA plans to release its weekly storage report at 10:30 am EDT Thursday. A 57-Bcf build would be close to the 58-Bcf build reported at this time in 2015 and less than the five-year average injection, which is 63 Bcf, according to EIA data. It would be the 26th consecutive weekly build registering below the five-year average. An injection within analysts’ expectations of 57 Bcf would grow stocks to 3.966 Tcf, only 43 Bcf less than the all-time storage peak of 4.009 Tcf set late last November

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Consumers Energy brags about its coming winter price and storage, should they?

Posted on: October 19th, 2016 by rgadmin

Consumers average price last winter (2015/16) was $3.204

Realgy Energy services last winter (2015/16) was $3.086 or $0.118 less! On average, we saved customers who selected Realgy nearly $98 of savings last winter.

Yet, Consumers Energy is bragging that it can utilize its storage assets to reduce their cost of natural gas; they forecast this winter’s rate at $3.60.  Storage is common for all northern gas utilities as the use of gas could exceed the pipelines delivers of natural gas during very cold periods or if the pipeline is interrupted.

So, Consumers uses the storage to prevent running out of gas during cold winter days. Unfortunately, they keep the economic advantage for only customers who don’t use Consumer’s Energy Choice service. Consumer’s Energy Choice allows its residents to choose their natural gas provider, Realgy’s savings have been nearly $129 for the last 12 months compared to Consumers.

In Indiana and Illinois, the choice of an energy supplier includes their allotment of storage. In this way, Realgy allows the customer to store Winter Gas at Summer PricesTM.

Here is how it works:

storage

Realgy supports Consumer’s Energy Choice program and that storage assets should benefit ALL Consumer Energy customers.

Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.

Additional Information:

http://www.energychoicematters.com/stories/20161011d.html

http://realgyenergyservices.com/service-plans-50/


DOE EIA Weekly Gas Storage Report

Posted on: October 10th, 2016 by rgadmin

Working gas in storage was 3,680 Bcf as of Friday, September 30, 2016, according to EIA estimates. This represents a net increase of 80 Bcf from the previous week. Stocks were 74 Bcf higher than last year at this time and 205 Bcf above the five-year average of 3,475 Bcf. At 3,680 Bcf, total working gas is above the five-year historical range. 

Estimate  69 Bcf

Vs

Actual 80 Bcf

The US Energy Information Administration will estimate a 69-Bcf injection to gas in underground storage for the reporting week that ended September 30, according to a consensus of analysts surveyed by Platts. The EIA plans to release its weekly storage report at 10:30 am EDT Thursday. A build of 69 Bcf would mark the largest weekly gain to stocks since an 82-Bcf injection was reported for the week ended May 27. However, it would remain below the 96-Bcf build reported at this time in 2015 as well as the five-year average injection, which is 95 Bcf, according to EIA data. The below-average build would mark the 22nd consecutive week that the injection was less than the five-year historical average and last year and would continue to shrink the storage surplus. It would also finally bring stocks below the five-year maximum of 3.675 Bcf seen in the corresponding week. Storage has remained above the five-year maximum level since April 15.          

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DOE EIA Weekly Gas Storage Report

Posted on: October 3rd, 2016 by rgadmin

Working gas in storage was 3,600 Bcf as of Friday, September 23, 2016, according to EIA estimates. This represents a net increase of 49 Bcf from the previous week. Stocks were 90 Bcf higher than last year at this time and 220 Bcf above the five-year average of 3,380 Bcf. At 3,600 Bcf, total working gas is above the five-year historical range.

Estimated Injection 54 Bcf

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Actual Injection 49 Bcf

Survey expects stocks to grow by 54 Bcf The US Energy Information Administration will estimate a 54-Bcf injection to natural gas in underground storage for the reporting week that ended September 23, according to a consensus of analysts surveyed by Platts. The EIA plans to release its weekly storage report at 10:30 am EDT Thursday. The expected injection would be just over half of the 99-Bcf build reported at this time in 2015 as well as the five-year average injection, which is 97 Bcf, according to EIA data. The below-average build would mark the 21st consecutive week the injection was significantly less than the five-year historical average and the year prior. An injection of that volume would also continue to shrink the storage surplus. Analysts’ estimates in the survey ranged from an injection of 46 Bcf to 65 Bcf. An injection within analysts’ expectations of 54 Bcf would grow stocks to 3.605 Tcf, 225 Bcf more than the five-year average and 95 Bcf more than the corresponding week last year. It would also pull stocks within 16 Bcf of the five-year maximum level.

 

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DOE EIA Weekly Gas Storage Report

Posted on: August 25th, 2016 by rgadmin

Working gas in storage was 3,350 Bcf as of Friday, August 19, 2016, according to EIA estimates. This represents a net increase of 11 Bcf from the previous week. Stocks were 275 Bcf higher than last year at this time and 350 Bcf above the five-year average of 3,000 Bcf. At 3,350 Bcf, total working gas is above the five-year historical range.

Estimated Injection 18 Bcf.

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Actual Injection 11 Bcf.

The US Energy Information Administration on Thursday will estimate a natural gas storage injection of about 18 Bcf for the reporting week ended August 19, according to a consensus of analysts surveyed by S&P Global Platts. The EIA plans to announce its storage report at 10:30 am EDT Thursday. The expected injection would be less than the 66-Bcf build reported at this time in 2015 and the 63-Bcf five-year average increase, according to EIA data. Analysts’ estimates in the survey ranged from 10 Bcf to 24 Bcf.

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DOE EIA Weekly Gas Storage Report

Posted on: August 18th, 2016 by rgadmin

Working gas in storage was 3,339 Bcf as of Friday, August 12, 2016, according to EIA estimates. This represents a net increase of 22 Bcf from the previous week. Stocks were 327 Bcf higher than last year at this time and 405 Bcf above the five-year average of 2,934 Bcf. At 3,339 Bcf, total working gas is above the five-year historical range.

Estimated Injection   28 Bcf

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Actual Injection 22 Bcf

The US Energy Information Administration is expected to estimate a 28-Bcf injection into natural gas storage facilities for the reporting week that ended August 12, according to a consensus of analysts surveyed by Platts. The expected injection would be much less than the 56-Bcf injection reported at this time in 2015 as well as the five-year average, which is a 57-Bcf build, according to EIA data. The below-average build would mark the 15th consecutive week that weekly injections were significantly less than the historical average and last year and would continue to shrink the storage surplus. Analysts’ estimates in the survey ranged from an injection of 23 Bcf to 35 Bcf. An injection of 28 Bcf would grow stocks to 3.345 Tcf, 333 Bcf more than the corresponding week last year and 411 Bcf more than the five-year average

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DOE EIA Weekly Gas Storage Report

Posted on: August 12th, 2016 by rgadmin

Working gas in storage was 3,317 Bcf as of Friday, August 5, 2016, according to EIA estimates. This represents a net increase of 29 Bcf from the previous week. Stocks were 361 Bcf higher than last year at this time and 440 Bcf above the five-year average of 2,877 Bcf. At 3,317 Bcf, total working gas is above the five-year historical range.

Estimated Injection 25 Bcf

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Actual Injection  29 Bcf

After an extremely rare summer withdrawal to gas in storage was reported last week, analysts expect Thursday’s estimate to return to a build, albeit one still well below the historic norm. The US Energy Information Administration will estimate a 25-Bcf injection to natural gas in underground storage for the reporting week that ended August 5, according to a consensus of analysts surveyed by Platts. The EIA plans to release its weekly storage report at 10:30 am EDT Thursday. The expected injection would be less than half of both the 57-Bcf injection reported at this time in 2015 and the five-year average injection of 53 Bcf, according to EIA data. The below-average build would mark the 14th consecutive week the injection was less than the historical average and would continue to cut into the storage surplus. Analysts’ estimates in the survey ranged from a 21-Bcf injection to a 29-Bcf injection.

 

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DOE EIA Weekly Gas Storage Report

Posted on: August 5th, 2016 by rgadmin

Working gas in storage was 3,288 Bcf as of Friday, July 29, 2016, according to EIA estimates. This represents a net decline of 6 Bcf from the previous week. Stocks were 389 Bcf higher than last year at this time and 464 Bcf above the five-year average of 2,824 Bcf. At 3,288 Bcf, total working gas is above the five-year historical range.

Estimated injection 1Bcf.

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Actual withdrawal 6Bcf.

The NYMEX September natural gas futures contract jumped 10.6 cents Wednesday to settle at $2.839/MMBtu, boosted by expectations of an atypically small injection into US natural gas storage in the latest reporting week – or possibly even an historic summer withdrawal. “The contract is up because a storage withdrawal is possible, which would make it the third summer draw in history,” said Kyle Cooper, analyst/principal, IAF Advisors. The consensus estimate of analysts surveyed by S&P Global Platts is for an injection of 1 Bcf into underground storage that week, but analysts’ estimates in the survey ranged from a withdrawal of 4 Bcf to an injection of 5 Bcf. The consensus estimate of 1 Bcf would be much less than the 41-Bcf injection reported at this time in 2015 and well below the fiveyear average of 54 Bcf, according to EIA data. A below-average build would mark the 13th consecutive week the injection was less than the historical average. It would also be a new record low for this time of year.

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DOE EIA Weekly Gas Storage Report

Posted on: June 23rd, 2016 by rgadmin

Working gas in storage was 3,103 Bcf as of Friday, June 17, 2016, according to EIA estimates. This represents a net increase of 62 Bcf from the previous week. Stocks were 618 Bcf higher than last year at this time and 678 Bcf above the five-year average of 2,425 Bcf. At 3,103 Bcf, total working gas is above the five-year historical range.

Estimated 61 Bcf

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Actual 62 Bcf 

Analysts expect another below-average weekly injection to gas in storage as the NYMEX front-month natural gas futures contract gained ground early this week to reach its highest price in 10 months. The US Energy Information Administration will estimate an injection of 61 Bcf to natural gas in underground storage for the reporting week that ended June 17, according to a consensus of analysts surveyed by Platts.  The expected injection would be less than the 77 Bcf injection reported at this time in 2015 and much less than the five-year average calling for a build of 88 Bcf, according to EIA data. The below-average build would mark the seventh consecutive week the injection was less than the historical average and would continue to chip away at the storage surplus.

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