On Jan. 23, the NYMEX February gas contract hit a 10-year low of $2.231/mmbtu, a price last seen in March 2002. Monday began what turned out to be a volatile week as Chesapeake Energy (CHK), the second largest gas producer, announced revisions to their 2012 outlook with an immediate cut in gas production and the possibility of further cuts. The announcement sent the NYMEX rallying 38 cents, or as much as 17% on Monday and further gains were made throughout the week. On Thursday, the rally stalled as weather forecasts for February continued to come in warmer than normal, returning…
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Jan
27
2012
NYMEX Natural Gas Has a Volatile Week: Production Cuts & Weather Forecasts
Posted by CNE Market Intel
Jan
23
2012
From Executive Energy Forum: “A More Competitive, Innovative and Resilient National Energy Policy”
Posted by Guest Author
By James L. Connaughton
Executive Vice President, Corporate Affairs, Public and Environmental Policy, Constellation Energy
A major challenge that businesses, policy leaders, and legislators face today results from our country having to labor under an incoherent hodgepodge of outdated, disjointed, and often needlessly expensive and inefficient energy policies at the federal and state level.
During our Executive Energy Forum in November, I was honored to sit down with Byron Dorgan (former Senator and Congressman [D. ND] and Sr. Policy Advisor of Arent Fox) and Don Nickles (former Senator [R. OK] and Chairman and CEO of The Nickles Group) to talk about what it takes to modernize our policies to create a more competitive, innovative, and resilient framework for our energy system, as well as a range of specific energy issues under development in the halls of Congress as we get closer to the 2012 election and beyond.
Our discussion touched on the following topics:
– Areas of focus for Congress as we get closer to the 2012 election
– The revolution in U.S. natural gas production and its shifting politics vs. coal
– What’s needed next to achieve greater energy independence
– How competitive energy markets are enabling and accelerating innovation
– How Congress might re-engage and work with the states on electricity competition
Below, you can watch part of our conversation.
To view more from this event, visit the blog again soon as we continue to post footage.
Jan
20
2012
Will Natural Gas Storage Reach Full Capacity?
Posted by CNE Market Intel
Underground natural gas storage is at a record level and is poised to stay that way throughout the remainder of 2012. The glut of natural gas stems partly from the energy industry’s success with new and more efficient drilling techniques that has allowed production to skyrocket in areas known as shale formations. While production has been increasing, demand for natural gas has not been able to keep up, forcing producers to put their natural gas into storage.
The mild winter across the country has added to the supply/demand imbalance. During the winter season, natural gas is withdrawn from storage to…
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Jan
19
2012
Wisconsin Paper Company’s Renewable Energy Purchase Supports Environmental Goals & Customer Demand
Posted by Matt Lawson
A lot of businesses choose renewable energy to gain a competitive advantage or to satisfy increasing demands for environmental responsibility. Renewable energy provides competitive advantages that can be found not only from a marketing perspective but also through voluntary certification programs, like Green-e Marketplace, LEED, and EPA Programs.
We asked Appleton Coated, one of our customers that participates in Green-e Marketplace, about how they have been able to leverage a sustainable strategy and meet their environmental goals by purchasing Renewable Energy Certificates. Appleton Coated is located in…
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Jan
18
2012
Customer Spotlight: Stevenson University
Posted by Bruce Stewart
Managing total energy cost over time requires an energy strategy focused on quantity as well as price. Energy conservation measures can go a long way toward lowering energy consumption and associated costs. However, some businesses and organizations find it challenging to finance energy efficiency projects for a variety of reasons, often due to a lack of capital dollars available.
We asked Stevenson University, a growing university in the Baltimore-Washington metropolitan area , about how they were able to reduce their overall energy consumption while meeting sustainability goals in their overall energy strategy. Watch the short video to…
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Jan
16
2012
VirtuWatt 3.1: New Notification & Monitoring Capabilities
Posted by Del Hilber
Exciting news for our customers using VirtuWatt™! We’re proud to introduce VirtuWatt 3.1, the newest version of our online energy management application, which features a number of upgrades.
The latest features were implemented following feedback from our customers. The latest version of VirtuWatt now includes:
VirtuWatt™ Notify
- Customers using VirtuWatt can set high and low price and load thresholds
- Customers will receive e-mail notification when those thresholds have been exceeded.
Key Benefit: This will be particularly useful to our customers in situations where…
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