Skip to main content

NEI's Energy Markets Report - August 27 - 31, 2007

Here's a summary of what went on in the energy markets last week:
Electricity peak prices varied across the country last week. In the West, the Palo Verde and SP 15 hubs increased by more than $23/MWh due to a sustained summer heat wave. Phoenix broke a record with 32 days over 110 degrees Fahrenheit. Cal-ISO issued several grid warnings and a Stage One emergency due to the heat. Peak prices modestly increased at NEPOOL and PJM West hubs, but declined by more than $7/MWh at the Entergy and ERCOT hubs (see pages 1 and 3).

Gas prices at the Henry Hub fell $0.68 to $5.57/MMBtu (see pages 1 and 3). Working gas in storage totaled 2,969 Bcf as of Friday, August 24, which is 12 percent above the 5-year average inventory level for the report week, according to EIA.

TradeTech’s uranium spot price fell $10 to $85/lb U3O8 last week. UxC’s uranium spot price remained unchanged. According to TradeTech, the decrease in the price is largely due to the presence throughout the month of sellers driven by cash requirements, such as the US Department of Energy (see pages 1 and 3).

The estimated U.S. nuclear plant availability factor averaged 98% for the week. A failure in the power supply to the reactor’s main feedwater pump was the cause of D.C. Cook 1’s shutdown. The cause of Vermont Yankee’s shutdown was still being determined after the event occurred while testing steam valves. The reactor had been operating at about 50% power due to a section of one of its two mechanical draft cooling towers collapsing the previous week (see pages 2 and 4).

By 2011, the following amounts of new generating capacity are expected to start up: 32,000 MW of coal; 47,000 MW of natural gas; and 33,000 MW of wind (see page 5).
For the report click here. It is also located on NEI's Financial Center webpage.

Comments

Popular posts from this blog

Why Ex-Im Bank Board Nominations Will Turn the Page on a Dysfunctional Chapter in Washington

In our present era of political discord, could Washington agree to support an agency that creates thousands of American jobs by enabling U.S. companies of all sizes to compete in foreign markets? What if that agency generated nearly billions of dollars more in revenue than the cost of its operations and returned that money – $7 billion over the past two decades – to U.S. taxpayers? In fact, that agency, the Export-Import Bank of the United States (Ex-Im Bank), was reauthorized by a large majority of Congress in 2015. To be sure, the matter was not without controversy. A bipartisan House coalition resorted to a rarely-used parliamentary maneuver in order to force a vote. But when Congress voted, Ex-Im Bank won a supermajority in the House and a large majority in the Senate. For almost two years, however, Ex-Im Bank has been unable to function fully because a single Senate committee chairman prevented the confirmation of nominees to its Board of Directors. Without a quorum

New Home for Our Blog: Join Us on NEI.org

On February 27, NEI launched the new NEI.org . We overhauled the public site, framing all of our content around the National Nuclear Energy Strategy. So, what's changed? Our top priority was to put you, the user, first. Now you can quickly get the information you need.  You'll enjoy visiting the site with its intuitive navigation, social media integration and compelling and shareable visuals.  We've added a feature called Nuclear Now, which showcases the latest industry news and resources like fact sheets and reports. It's one of the first sections you'll see on our home page and it can be accessed anywhere throughout the site by clicking on the atom symbol in the top right corner of the page. Most importantly for you, our loyal NEI Nuclear Notes readers, is that we've migrated the blog to the new site. Moving forward,  all blog posts will be published in the News section , along with our press releases, Nuclear Energy Overview stories and more. Just l

Hurricane Harvey Couldn't Stop the South Texas Project

The South Texas Project As Hurricane Harvey battered southeast Texas over the past week, the devastation and loss of life in its wake have kept our attention and been a cause of grief. Through the tragedy, many stories of heroics and sacrifice have emerged. Among those who have sacrificed are nearly 250 workers who have been hunkered down at the South Texas Project (STP) nuclear plant in Matagorda County, Texas. STP’s priorities were always the safety of their employees and the communities they serve. We are proud that STP continued to operate at full power throughout the storm. It is a true testament to the reliability and resiliency of not only the operators but of our industry. The world is starting to notice what a feat it is to have maintained operations through the catastrophic event. Forbes’ Rod Adams did an excellent job describing the contribution of these men and women : “STP storm crew members deserve to be proud of the work that they are doing. Their famil