Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 9, Issue 47
We Know Energy
December 9, 2011 Energy Update
In this Issue
Editor's Note
Excess Storage Levels Place Downward Pressure On Prices
Spotlight on Green Power
U.S. EPA Honors the District of Columbia with the Green Power Community of the Year Award
Natural Gas
EIA Gas Storage Update: The Surplus Expands - Data Released December 8, 2011
Baker Hughes Rotary Rig Count For Natural Gas
NYMEX Natural Gas Monthly Settlements For the Past 12 Months
NYMEX Values For the Forward 12 Months
NYMEX Graph For Natural Gas - 12 Month Average Price Per Therm at the Well-Head
PJM Electricity
Graph - PJM 12-Month Average Peak Power Price
Local Heating Degree Days*
Recent Features
WGES Receives Prestigious Green Power Supplier of the Year Award (Nov. 18)


WGES Selected to Supply 1.5 Million Megawatt Hours Per Year to the Baltimore Regional Cooperative Purchasing Committee (Nov. 14)

WGES and Kent County, Maryland Announce 1.58 Megawatt Solar Project (Nov. 4)


EPA Recognizes Panera Bread of Maryland as a Top Retail Green Power Purchaser (Oct. 28)


Chimes International Activates 3,000-Panel, 670-Kilowatt Solar Panel Field on Baltimore City Campus (Oct. 14)


Perdue Completes Final Phase of WGES-owned Solar Power System (Oct. 7)


University of Maryland College Park Unveils Its New Solar Array (Sept. 2)

Our New Wind Power Partners
Green Power Leadership Award Winner - U.S. Department of Energy

Panera Bread of Maryland (Lemek LLC)
Calvary Baptist Church
Mountain View Community Church
Caser Chavez Public School
PB Dye Golf Club
Behnke Nurseries
Townes of North Creek
Victory Racing Plate Company
Village Management, Inc.
Mt. Airy Bicycles
College Park Bicycles
Donatelli Development
Blue Ocean Realty
Mandarin Oriental
Bank of Georgetown
Embassy of Bosnia Herzogovina
Baltimore International College Foundation
The Shakespeare Theatre Co.
Kaiser Foundation Health Plans of Mid-Atlantic States

Visit wges.com/partners for full list of WGES Wind Power Partners.

To find out more about a green power purchase for your organization, call 703-793-7578, or visit wges.com/commercialwind.

For more information, contact your WGES Account Manager or wges_lgc@wges.com.
Editor's Note
Excess Storage Levels Place Downward Pressure On Prices
Week in review for period of December 2 - 8, 2011

Natural gas and electricity prices were unable to string together two price increases in a row. For this seven day report period, energy prices fell. The 12 month average price for natural gas on the NYMEX fell 4.7% and the 12 month average price for peak power on the PJM fell 4.2%. This week's price decrease neutralized last week's price increase.

The dominant theme this week was that natural gas storage was well above both last year's levels and the five year average. And the storage surplus continues to grow. The year-to- year surplus grew from 1.1% to 2.7%. The surplus over the five year average grew from 7% to 8.7%. With the 8-14 day forecast calling for normal to above normal temperatures, the storage surplus will likely remain with us for the short term. This growing storage surplus is keeping downward pressure on prices.

A variable to watch: States like Wyoming, Pennsylvania and New York continue to debate the impact that shale gas drilling has on water supplies. It is becoming a very controversial issue and could eventually impact the amount of shale gas that enters the marketplace.

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