Title: One Tight Winter Peak Remains
URL(s):

http://www20.cera.com/eprofile?u=35&m=2760;


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WESTERN ENERGY--WINTER DEMAND PEAKS NOT EXPECTED TO RESULT IN PRICE SPIKES OR RELIABILITY PROBLEMS

Building natural gas and power supplies are providing a cushion for the western
energy markets for this winter. Although seasonal gas and power demand spikes
will again push prices higher, this winter will not look like the winter of
2000/01. Unlike during the record high gas and power prices and blackouts last
year winter, reduced demand, increased gas storage levels, and new gas and
power supplies will significantly temper prices and significantly reduce the
risk of supply disruptions.

*  A supply build of 300 million cubic feet (MMcf) per day in the Rockies and
900 MMcf in western Canada is meeting with declining demand in the West

*  Fourth quarter power demand is expected to be 13 percent below levels last
year, while over 5,000 megawatts of new supply has been added this year

*  Only severe cold weather, prolonged drought, or a supply disruption could
produce a reliability problem this winter

**end**

Follow above URL for complete CERA Monthly Briefing (10 pages).




E-mail Category: Monthly Briefing
CERA Knowledge Area(s): Western Energy


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