Currents: Energy Industry Insights September 2018

U.S. Army Corps Stands by Permit for Dakota Access Oil Pipeline – “The U.S. Army Corps said that a permit it granted for the Dakota Access Pipeline last year was environmentally sound, handing a setback to tribal and green groups hoping to stop the flow of oil on the pipeline.” Why this is important: After review ordered by a federal district judge, the U.S. Army Corps of Engineers reaffirmed the…

Natural Gas Storage Report Injection Season Week 23 (Week Ending September 7, 2018)

The injection of 69 bcf fell in line with several survey ranges, most notably with Reuters (60-76) and EBW Analytics Group who accurately forecasted the below than average build number. The injection is less than the 87 BCF reported this time last year as well as the 5 year average of 76 bcf. Per NGI, this is due to the impending impact of Hurricane Florence as it approaches land. There…

Renewable Energy Update: September 2018

Focus California rejects regional grid bill SOLAR INDUSTRY MAGAZINE – Sep 4 Assembly Bill 813 , a bill that sought to expand California’s electric grid and integrate it with the transmission systems of neighboring states, was rejected on Friday by the California legislature, which adjourned without passing the bill. Though a regional grid would help all participants integrate more clean energy, it would have been particularly helpful in California, where excess clean…

Natural Gas Storage Report Injection Season Week 22 (Week Ending August 31, 2018)

As expected, the injection of 63 Bcf for this week fell right in line with what the market was looking for at 62 Bcf. On top of that, this unsurprising build ended up in the same vicinity of last year’s value and the five-year average, which were reported at 60 Bcf and 65 Bcf respectively. It is certainly apparent that shoulder season is in effect already, and the decrease in…

How New Jersey Can Finance Its Bold New Clean Energy Targets

On May 23, New Jerseyans scored a major economic and environmental victory when Governor Phil Murphy signed a groundbreaking law that will soon make the Garden State an even greener one. The Board of Public Utilities (BPU) has initiated a proceeding that will establish a community solar pilot program within one year of the bill’s signing. Low-income and multifamily households will be able to earn credits on their electric bills for…

Natural Gas Storage Report Injection Season Week 21 (Week Ending August 24, 2018)

The market expectation of 66 Bcf was exceeded by a somewhat surprisingly robust build of 70 Bcf this week, supported mostly by the Midwest due to cooler than expected weather across the region. Despite warm overnight weather guidance, this week’s injection provided a bearish overall look, even in the face of hotter trends expected in the near future from September 6th to the 10th. Next week’s build may tell a…

The Complete Guide To Saving Money On Your Commute

You can save money on your daily drive to work using these tips According to the latest data from the U.S. Census Bureau’s American Community Survey, the average American spends the equivalent of two workdays per month commuting to and from work. While that may not sound like an impressive statistic, that time can mean losing an average of $460 per month in potential earnings. When you factor in gas…

EPA’s Affordable Clean Energy Proposal

With EPA unveiling its proposed new rule to reduce greenhouse gas emissions from power plants, there’s already lots of discussion of whether the proposal is an improvement over the rule it would replace – whether a regime may focus on the utility sector as a system or needs to focus on individual sources. Be that as it may, we’ll go back to the main point we made amid discussion of the Obama…

Natural Gas Storage Report Injection Season Week 20 (Week Ending August 17, 2018)

This week’s injection proved to be unremarkable as the market expectation and reported net change both ended up resulting in 48 Bcf put into storage. Not only that, but this build also mostly fell in line with last year’s injection and the five-year average for the same time period, coming in at 45 Bcf & 52 Bcf respectively. The storage picture isn’t expected to improve much despite the August production…

Currents – Energy Industry Insights: August 2018

EPA Chief Looks to Distinguish Himself from Pruitt in Agency-Wide Memo – “The new head of the EPA sent a staff-wide memo laying out steps the agency is taking to increase transparency, a move that’s seen as an effort to differentiate himself from his predecessor.” Why this is important: New EPA Acting Administrator, Andrew Wheeler, appears to be learning from at least some of his predecessor’s mistakes by communicating to…