Spot natural gas prices for all 10 regions monitored by the Energy Information Administration (EIA) all decreased in figures released May 12.
The Mid-Atlantic showed the lowest spot gas price at $ 3.69/mmBtu. New England and New York City also showed gas prices below $4.
Meanwhile, Northern California was the region with the highest spot gas price at $5.04/mmBtu.
The Mid-Atlantic recorded the highest spark spread at $ 37.87/MWh. The spark spread is a common metric for estimating the profitability of natural gas-fired electric generators.
The Nuclear Regulatory Commission (NRC) reactor status report for May 12 shows that 15 of the nation's 100 commercial nuclear power reactors in the United States were not producing any electricity.
One of the units that had been knocked off line last week, the Public Service Enterprise Group (NYSE: PEG) Salem 1 plant, was back at 100% generation May 12. The Tennessee Valley Authority (TVA) also reported May 12 that its 1,160-MW Sequoyah Unit 2 has been taken offline for a regular 18-month refueling and maintenance outage.
On the weather front, a strong low pressure system will continue to move across the central United States early this week, according to the National Weather Service. Ahead of the low, severe weather and flooding will be possible from the central Plains to the Great Lakes region. Behind the low, colder air will continue to bring heavy snow across portions of the Rockies.
This article was republished with permission from GenerationHub.