Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 9, Issue 49
We Know Energy
December 30, 2011 Energy Update
In this Issue
Editor's Note
Record Storage Levels and Warmer Than Normal Temperatures Keep Prices Low
Spotlight on Carbon Offsets
D.C.'s Dumbarton House Reduces its Carbon Footprint with Purchase of Carbon Offsets from WGES
Natural Gas
EIA Gas Storage Update: Data Released December 29, 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
Record Storage Levels and Warmer Than Normal Temperatures Keep Prices Low
Week in review for period of December 16 - 29, 2011

Happy New Year to all!

Due to the holidays, this report period covers fourteen days instead of the usual seven days. During this period, the 12 month average price for natural gas on the NYMEX fell 1.5%. The 12 month average price for peak power on the PJM rose 2% this week.

Electricity and natural gas prices will close 2011 at beautiful levels. Natural gas prices are trading near the nine-year low and electricity prices are trading near an eight-year low.

Energy prices dropped to these low levels during 2011 because energy demand was weak and supplies were robust. The one big supply story that kept downward pressure on prices in 2011 was the discovery and recovery of shale gas in Pennsylvania, West Virginia and New York state. With the introduction of shale gas, the natural gas storage levels were able to surpass the record levels set in December 2009.

This year was great for low natural gas and electricity prices. However, the coldest months of the new year, January and February, are on the horizon. Stay tuned. Natural gas and electricity are two of the most volatile commodities. But for now, we are thankful for low prices.

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