U.S. Drillers Scale Back Operations as Gas Prices Tumble Feb 16, 2024 U.S. natural gas producers are beginning to reduce drilling and investment as low prices weigh on their returns. Reuters reports that natural gas prices in the U.S. hit the lowest in three and a half year, betraying drillers’ expectations for a rebound this…
Xcel Energy natural gas, electricity bills to lower in 2024 Dec 15, 2023 Xcel Energy told Colorado customers Friday that they can anticipate lower heating bills in the first quarter of 2024 because the wholesale cost of natural gas has decreased. Xcel said the average residential natural gas customer could see a decrease of $4.87…
Eversource announces new discount rate to begin Friday in Connecticut Nov 30, 2023 Eversource’s new discount rate for low-income households in Connecticut will start Friday, according to an announcement Thursday from the energy company. The rate is for customers defined as having “financial hardship.” Depending on a household’s income, the customers could receive 10% or…
PG&E bills to soar next year after regulators approve 13% rate increase Thursday Nov 16, 2023 Monthly bills for Pacific Gas and Electric Co. customers will climb even higher next year after California regulators on Thursday unanimously approved allowing the utility giant to increase its rates for electricity and natural gas to cover the cost…
Lower fuel prices to lead to lower winter heating bills for homes using natural gas, propane Energize Weekly, November 1, 2023 Winter heating bills will be lower than last year for homes using natural gas and propane but will be up for those relying on heating oil, according to forecasts by the U.S. Energy Information…
More US natural gas producers join lower-emission gas trading hub 13 June 2023 Two US natural gas producers have joined certified natural gas trading platform CG Hub, adding 1 billion cubic feet per day of liquidity through the service. Seneca Resources and Northeast Natural Energy joined the first commodities trading platform for certified natural gas…
Winter rains lift California hydropower outlook, easing regional demand for natural gas Energize Weekly, May 17, 2023 Heavy rains have filled California reservoirs and boosted the prospect for hydropower – welcomed news to the rest of the West, which saw natural gas prices soar last winter as California utilities scrambled to fill a hydropower gap.…
California Republicans blast fixed-rate power bill proposal as ‘crazy’ Apr 24, 2023 California Republicans are asking state regulators to reject a proposal by California’s three largest power companies to create a fixed rate for services based on household income. “The ‘fixed-charge’ proposal is nothing but a shameful attempt to exploit and rip off residential customers,’”…
Xcel Energy will cut Colorado bills again in April as natural gas costs continue to fall Mar 14, 2023 Xcel Energy is again cutting natural gas costs passed through to consumers starting with April bills, the third price decrease announced in two months, even as a special legislative committee pursues hearings on spikes that overwhelmed…
SoCalGas planning to increase prices in 2024 Feb 27, 2023 As a winter storm continues to move through California, prompting many residents to turn up the heat, Southern California Gas Company announced plans to increase its prices next year. The nation’s largest natural gas company announced that it would hold two virtual public forums to…
General Assembly deal sets Dominion profits for two years while overhauling regulatory system FEBRUARY 25, 2023 The decision came down to the wire, but on Saturday afternoon Gov. Glenn Youngkin’s office and the General Assembly reached a deal on sweeping legislation to adjust Dominion Energy’s profit margin and reform the state’s system of electric utility…
Hydrogen is supplementing natural gas, but critics remain wary FEB 6, 2023 A public utility is experimenting with blending small amounts of carbon-free hydrogen into natural gas lines in some Minnesota homes, but critics argue the procedure remains largely an exercise in hot air. As first reported last week by Energy News Network, the Midwest’s…
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