DOE EIA Weekly Gas Storage Report
Working gas in storage was 1,629 Bcf as of Friday, May 18, 2018, according to EIA estimates.
This represents a net increase of 91 Bcf from the previous week. Stocks were 804 Bcf less than last year at this time and 499 Bcf below the five-year average of 2,128 Bcf. At 1,629 Bcf, total working gas is within the five-year historical range.
Compliance Audit Report On Ohio Corporate Separation
FirstEnergy Solutions (FES) is an energy supplier in Ohio focused on competitive wholesale generation sales. It has recently undergone an audit with the Public Utilities Commission of Ohio (PUCO). The report covers various issues with the Federal Energy Regulatory Commission and PUCO’s Corporate Separation Rules.
FirstEnergy Operating Companies along with PUCO has stated that a prior assignment with FES to FirstEnergy Service Company (Service Company) was “highly inappropriate”.
The Service Company’s Retail Sales and Marketing group formerly reported to FES’s President however, back in 2016, the Service Company’s reporting relationship was transferred when it was assigned to FirstEnergy Products (FEP). FEP does not sell CRES but provides products and services such as smart thermostats and electrician referrals.
Sales and costs of the competitive retail electric service (CRES) sales in Ohio are recorded by FEW but the sales and support for the function is provided by the Service Company. “The report states that, ‘The assignment of FES CRES retail sales and service responsibility to the Service Company and the designation of FES CRES sales and service leaders as Shared Services Employees is highly inappropriate.’ “
Successful CRES sales for FES is thought to be related to its FirstEnergy name due to customers belief that the name connotes that it is a part of FirstEnergy just as several others are a part of FirstEnergy. It causes them to give greater consideration to FES when choosing a CRES. The report recommends that FES remove “FirstEnergy” from it’s name.
” ‘FES is a legal entity with a clear distinction as a non-regulated competitive enterprise. The Service Company is intended to provide shared and common services to all FirstEnergy subsidiaries such as information technology, accounting, security, and the like. It is not intended to provide unregulated, competitive sales and service,’ the report said.’ ”
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 6 solar plants in Illinois and is looking to invest in additional locations.
Additional Information:
http://www.energychoicematters.com/stories/20180515b.html
DOE EIA Weekly Gas Storage Report
Working gas in storage was 1,538 Bcf as of Friday, May 11, 2018, according to EIA estimates.
This represents a net increase of 106 Bcf from the previous week. Stocks were 821 Bcf less than last year at this time and 501 Bcf below the five-year average of 2,039 Bcf. At 1,538 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 1,432 Bcf as of Friday, May 4, 2018, according to EIA estimates.
This represents a net increase of 89 Bcf from the previous week. Stocks were 863 Bcf less than last year at this time and 520 Bcf below the five-year average of 1,952 Bcf. At 1,432 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 1,343 Bcf as of Friday, April 27, 2018, according to EIA estimates.
This represents a net increase of 62 Bcf from the previous week. Stocks were 903 Bcf less than last year at this time and 534 Bcf below the five-year average of 1,877 Bcf. At 1,343 Bcf, total working gas is within the five-year historical range.
Utility Implementing TOU
Under a settlement filed for approval, TOU (Time-of-Use) customers would be charged distinct on-peak and off-peak rates. This would be based upon the winning wholesale supplier’s on-peak and off-peak generation prices (set using multipliers noted below), plus the following non-TOU rate components: the default service administrative cost, E-factor, merchant function charge, transmission service charge, and applicable State Tax Adjustment Surcharge.
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 6 solar plants in Illinois and is looking to invest in additional locations.
Additional Information:
http://www.energychoicematters.com/stories/20180314a.html
DOE EIA Weekly Gas Storage Report
Working gas in storage was 1,532 Bcf as of Friday, March 9, 2018, according to EIA estimates.
This represents a net decrease of 93 Bcf from the previous week. Stocks were 718 Bcf less than last year at this time and 296 Bcf below the five-year average of 1,828 Bcf. At 1,532 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 1,625 Bcf as of Friday, March 2, 2018, according to EIA estimates.
This represents a net decrease of 57 Bcf from the previous week. Stocks were 680 Bcf less than last year at this time and 300 Bcf below the five-year average of 1,925 Bcf. At 1,625 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 1,682 Bcf as of Friday, February 23, 2018, according to EIA estimates.
This represents a net decrease of 78 Bcf from the previous week. Stocks were 680 Bcf less than last year at this time and 372 Bcf below the five-year average of 2,054 Bcf. At 1,682 Bcf, total working gas is within the five-year historical range.
Regulation of the Unregulated.
Taxation without Representation leads to the start of a new nation. Who knows what regulation of the unregulated will unleash?
Utilities are monopolies. As such, they have no competition for the delivery of electricity or natural gas. The way their costs are established is by oversight by government regulatory agency (not competition). The agency determines if expenditures are spent for useful purposes and if they are, they get to recover the cost PLUS a profit of around 10%.
In Illinois, the regulatory agency is called the Illinois Commerce Commission or ICC; the ICC’s charter requires them to be
“…safe and least-cost public utility services, while promoting the development of an
effectively competitive energy supplier market.” (emphasis added)
In the 1980’s, utilities sold off the majority of their power plants to create competition amongst power generators and a wholesale power market. The ICC recognized that the monopoly utility was no longer necessary to buy and markup the electricity for their customers. Customers could buy it directly. The result: 75% of Illinois residents purchase their energy from an energy supplier and the result is $37 billion in savings.
A monopoly takes NO RISKS and passes through all their costs to customers. Regulators are only necessary when competition doesn’t exist or public interest is at risk.
The state legislators want to tax energy marketers to pay for the ICC regulatory enforcement. Enforcement over the utility. Taxing NON-MONOPOLY companies that compete against each other every day and against the utility which takes no risks.The ICC should reject this action as against their charter and require legislators or the utilities to pay for the cost of oversight of regulated companies. Energy marketers shoulder the risk and costs to provide electricity to customers through the regulated utility. Taxing them will NOT promote competitive energy supply.
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 6 solar plants in Illinois and is looking to invest in additional locations.
Additional Information:
http://www.energychoicematters.com/stories/20180221a.html