Articles tagged utilities

For the fourth consecutive week, underground supplies of natural gas in storage in the South Central dwindled, bucking seasonal norms as every other region injected excess fuel into underground stocks.

Enbridge Inc. is well on its way to “creating the largest natural gas utility in North America,” with opportunities galore as generation demand increases, according to CEO Greg Ebel.

Western Canada is continuing to build out its renewable natural gas (RNG) market and lower emissions with a new deal to inject biogas into a pipeline system in British Columbia (BC).

Data centers were the topic du jour during recent first quarter earnings calls, and continue to grab headlines across the energy industry. NGI captured some of the overarching questions and issues surrounding the boom in artificial intelligence (AI) – breaking down everything from estimates about a potential surge in demand from natural gas-fired generation to grid reliability concerns.

Utilities in the Southwest have seen business, population and technology underpinning investments in natural gas-fired generation and infrastructure, and in Texas, new legislation may be supporting plans for a build-out. 

Enbridge Inc. heralded the more than $20 billion of acquisitions it announced in 2023, including a string of deals to transform its natural gas utility operations in the Lower 48.

Natural gas residential customers have reported less satisfaction with utilities as bills in 2023 increased by about 17% from last year, but softening gas prices and companies increasing communication could reverse the trend, according to a recent survey by J.D. Power. 

Several utilities released extensive plans to grow natural gas generation, expand pipelines and add LNG storage across the country to meet a wave of demand, executives said during the recent third quarter conference calls. 

Chesapeake Utilities Corp. has agreed to pay $923 million in cash to acquire NextEra Energy Inc. subsidiary Florida City Gas (FCG), which, once complete, is expected to more than double Chesapeake’s natural gas business in the state. 

North American utility customers are less likely to pay into carbon offset programs using renewable natural gas (RNG) or differentiated gas when prices are high, according to several industry executives.