DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,215 Bcf as of Friday, May 21, 2021, according to EIA estimates.
This represents a net increase of 115 Bcf from the previous week. Stocks were 381 Bcf less than last year at this time and 63 Bcf below the five-year average of 2,278 Bcf. At 2,215 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,100 Bcf as of Friday, May 14, 2021, according to EIA estimates.
This represents a net increase of 71 Bcf from the previous week. Stocks were 391 Bcf less than last year at this time and 87 Bcf below the five-year average of 2,187 Bcf. At 2,100 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,029 Bcf as of Friday, May 7, 2021, according to EIA estimates.
This represents a net increase of 71 Bcf from the previous week. Stocks were 378 Bcf less than last year at this time and 72 Bcf below the five-year average of 2,101 Bcf. At 2,029 Bcf, total working gas is within the five-year historical range.
US Approves 1st Major Offshore Wind Energy Project
The United States joined the rest of the world and issued final permits allowing for the development of large-scale offshore wind projects.
Large scale: 62 turbines standing 90 stories above the water with underground cables bringing electricity onshore to 400,000 homes. The turbines will be located about a mile off the coast of Massachusetts.
Wind power is the least costly energy power to build and the new turbines from General Electric are the largest available.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. 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.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information: https://www.npr.org/2021/05/11/995852356/biden-administration-approves-first-major-offshore-wind-energy-project
DOE EIA Weekly Gas Storage Report
Working gas in storage was 1,958 Bcf as of Friday, April 30, 2021, according to EIA estimates.
This represents a net increase of 60 Bcf from the previous week. Stocks were 345 Bcf less than last year at this time and 61 Bcf below the five-year average of 2,019 Bcf. At 1,958 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 1,898 Bcf as of Friday, April 23, 2021, according to EIA estimates.
This represents a net increase of 15 Bcf from the previous week. Stocks were 302 Bcf less than last year at this time and 40 Bcf below the five-year average of 1,938 Bcf. At 1,898 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 1,883 Bcf as of Friday, April 16, 2021, according to EIA estimates.
This represents a net increase of 38 Bcf from the previous week. Stocks were 251 Bcf less than last year at this time and 12 Bcf above the five-year average of 1,871 Bcf. At 1,883 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 1,845 Bcf as of Friday, April 9, 2021, according to EIA estimates.
This represents a net increase of 61 Bcf from the previous week. Stocks were 242 Bcf less than last year at this time and 11 Bcf above the five-year average of 1,834 Bcf. At 1,845 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 1,784 Bcf as of Friday, April 2, 2021, according to EIA estimates.
This represents a net increase of 20 Bcf from the previous week. Stocks were 235 Bcf less than last year at this time and 24 Bcf below the five-year average of 1,808 Bcf. At 1,784 Bcf, total working gas is within the five-year historical range.
$8.3 Billion Proposal for Addressing Texas Blackouts
Berkshire Hathaway is a public company that owns several utilities. Their proposal illustrates the difference between a company taking risks versus a utility.
Berkshire is proposing the Texas Grid operator (utility oversight company) build a gas-fired power plant that would be weather normalized and fixed to support a large portion of Texas’ energy demands. Berkshire is proposing to spend $8.3 billion to build this plant.
The cost: Berkshire would earn what a Texas utility earns on investments which is 9.3%.
So, Berkshire like any utility in Texas that receives regulatory approval, earns a return regardless of whether what they build works.
Berkshire as a public company takes risks building and operating businesses such as Dairy Queen, Burlington Northern Railroad, or Sherwin-Williams. Any investment in these businesses comes with no guaranteed return.
EVERY utility makes money by spending money to provide service. The Texas Grid operator will undoubtedly not accept this proposal but, it does show the difference between private businesses and utilities.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. 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.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information: https://www.msn.com/en-us/money/markets/buffett-s-berkshire-floats-8-3-billion-fix-for-texas-grid/ar-BB1eXRHl?ocid=spartan-ntp-feeds