NEI Energy Markets Report (September 3-7, 2012)

Here's a snippet of what went on in the energy markets last week:

Electricity peak prices were mixed last week across the country. ERCOT-Houston and PJM West hubs saw the most action, rising $20 and $12 to average around $55/MWh, respectively. Prices at the Western, Northeastern and Southeastern hubs remained soft, moving less than $5/MWh in either direction. “Power prices across the United States moved mostly higher Tuesday, Sept. 4, with the largest gains recorded in parts of the East and Midwest after markets were closed Monday for Labor Day. … PJM West jumped more than $10 on the day with trades in the mid- to upper $50s, driven in part by a higher demand forecast as the PJM grid operator expects demand in the Western region reaching 69,700 MW on Wednesday. … As the Gulf Coast recovers from Hurricane Isaac's landfall last week, hotter weather and higher demand helped push ERCOT power prices higher Tuesday” (SNL Energy’s Power Daily – 9/5/12).

Average nuclear plant availability remained at 90 percent last week. After brief outages, Palisades, Three Mile Island 1, Turkey Point 3, Watts Bar 1, and Waterford 3 returned to service. Dresden 2 closed for five days to “perform maintenance work on water tubes in the unit's condenser.” Limerick 1 closed for four days for inspections, repair and testing of its low-pressure turbine blades. (Platts)

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For more of the report click here.