Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 10, Issue 2
We Know Energy
January 13, 2012 Energy Update
In this Issue
Editor's Note
Mild Winter Weather and Record Gas Production Keep Energy Prices Near Nine-year Low
Natural Gas Fundamentals
EIA Gas Storage Update: Data Released Jan. 12, 2012
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
D.C.'s Dumbarton House Reduces its Carbon Footprint with Purchase of Carbon Offsets from WGES (Dec. 30, 2011)


U.S. EPA Honors the District of Columbia with the Green Power Community of the Year Award (Dec. 9, 2011)


WGES Receives Prestigious Green Power Supplier of the Year Award (Nov. 18, 2011)


WGES Selected to Supply 1.5 Million Megawatt Hours Per Year to the Baltimore Regional Cooperative Purchasing Committee (Nov. 14, 2011)

WGES and Kent County, Maryland Announce 1.58 Megawatt Solar Project (Nov. 4, 2011)


EPA Recognizes Panera Bread of Maryland as a Top Retail Green Power Purchaser (Oct. 28, 2011)

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
Mild Winter Weather and Record Gas Production Keep Energy Prices Near Nine-year Low
Week in review for period of Jan. 6 - 12, 2012

For this seven day report period, the 12 month average price for natural gas on the NYMEX fell 7%. The 12 month average price for peak power on the PJM fell 3.7%. Energy prices are looking beautiful. Natural gas prices are trading near the nine-year low and electricity prices are trading near an eight-year low.

This is the perfect storm for low prices. Supplies are high and demand is low. The domestic shale gas discoveries have pushed natural gas production to record high levels. When you mix this record high production with a mild U.S. winter, you get a gas "bubble." In fact, natural gas inventories are at record high levels for this time of year. The year-to-year surplus has grown to 13%. The surplus over the five-year average has grown to 17%.

At the risk of sounding redundant, this is truly a great time to look at the early renewal strategy with your WGES account manager.

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