Here's a summary of what went on in the energy markets last week:
Technorati tags: Nuclear Energy, Nuclear Power, Electricity, Environment, Energy, Natural Gas, Coal, Oil
For the report click here (pdf). It is also located on NEI's Nuclear Statistics webpage.Electricity prices mostly decreased last week (see pages 1 & 2). Gas prices at the Henry Hub fell $0.70 to $6.00/MMBtu (see page 4).
Nuclear capacity availability was at 98 percent last week. Palo Verde 1 is expected to restart this week after being down for more than 3 months.
Uranium prices (from UxC and TradeTech) rose to $45.50 and $46.00/lb U3O8 (see page 8). Last week, natural gas futures at the Henry Hub fell to $5.99/MMBtu for July and $10.38/MMBtu for January 2007 (see page 6).
Technorati tags: Nuclear Energy, Nuclear Power, Electricity, Environment, Energy, Natural Gas, Coal, Oil
Comments
Thanks for taking note. The data is correct on projects taking place for coal and other industries. If you would like, send me an email which is at the bottom of the report and I could send you the actual proposed plant names and their capacities.
What you are seeing is a new demand for more baseload sources of electricity and the only source quick enough to come online is coal. Coal takes quite a few years to build and the utilities who start now plan to have new plants online in 2009. That's why you are seeing a big jump.
Whether we like it or not, it is one of the U.S.' most reliable and affordable sources of energy which will be around for quite some time.