Texas power grid operator says blackouts possible

Texas power grid operator says blackouts possible
Houston Chronicle
Last winter’s rolling blackouts in Texas and the summer’s near-blackouts could occur again in the coming year if extreme weather stresses the power grid more than normal, the state’s grid operator said Thursday. […] the state may need to trigger rolling blackouts in the event of extreme cold that puts more units offline than normal, a risk that is “very low,” ERCOT President Trip Doggett told reporters in a conference call. ERCOT said the revision decreases the state’s projected power-reserves cushion by 5 percent in 2012, putting it below where it should be…

Weekly Gas Storage Report Remains Bullish for Users

By this time of the year the withdraw from storage is in the double digits but today’s report is for a very low 1 bcf. This moves the storage volume to higher than normal.

U.S Energy Information Administration
Weekly Natural Gas Storage Report
Released: December 1, 2011 at 10:30 a.m. (eastern time) for the Week Ending November 25, 2011.
Next Release: December 8, 2011

Working gas in storage was 3,851 Bcf as of Friday, November 25, 2011, according to EIA estimates. This represents a net decline of 1 Bcf from the previous week. Stocks were 41 Bcf higher than last year at this time and 261 Bcf above the 5-year average of 3,590 Bcf. In the East Region, stocks were 73 Bcf above the 5-year average following net withdrawals of 17 Bcf. Stocks in the Producing Region were 159 Bcf above the 5-year average of 1,102 Bcf after a net injection of 14 Bcf. Stocks in the West Region were 29 Bcf above the 5-year average after a net addition of 2 Bcf. At 3,851 Bcf, total working gas is above the 5-year historical range.