Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 10, Issue 40
We Know Energy
October 5, 2012 Energy Update
In this Issue
Editor's Note
Winter Is On the Way
Focus on Renewable Energy
Renewable Energy Markets 2012 Conference Highlights WGES Staff and Customers
Natural Gas Fundamentals
Natural Gas Storage: Past Three Injections Closer To Normal. Data Released Oct. 4, 2012
Baker Hughes Rotary Rig Count For Natural Gas
NYMEX Natural Gas Monthly Settlements For the Past 12 Months
NYMEX Values Per Month For the Forward 12 Months
NYMEX Graph For Natural Gas - 12 Month Average Price Per Therm at Louisiana Well-Head
PJM Electricity
Graph - PJM 12-Month Average Peak Power Price
Local Cooling Degree Days*
Recent Features
The Brick Companies Converts Entire Maryland Portfolio to 100 Percent WGES CleanSteps® WindPower and Reduces its Carbon Footprint (Sept. 28, 2012)



WGES-owned Solar Projects in Maryland Dedicated, Activated (July 20, 2012)
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
Winter Is On the Way
Week in Review for September 28 - October 4, 2012

From September 7 to September 27, 2012 natural gas prices rose 12.7% and electricity prices rose 6%. However, for this seven-day report period, the price increase was less painful. The average 12-month price for natural gas on the NYMEX rose 2% and the 12-month average price for peak power on the PJM rose less than 1%.

The fundamental variable that gets credit for this recent price spike is the weather. The market is focusing on the fact that winter demand is on the way. The six to ten day forecast is calling for colder-than-normal temperatures in the northeastern United States. Cold temperatures increase energy demand and typically place upward pressure on prices.

It is difficult to blame the recent price spikes on the last three natural gas storage reports. Although the injections this summer were well below average, the last three injections were much closer to normal. Even though the natural gas surplus has shrunk from 55% above the five-year average to 8.3% above the five-year average, the natural gas storage fields will be stuffed full by November 1, the start of the traditional winter heating season.

Many variables impact the direction of natural gas and electricity prices, making it hard to predict their future direction. But for now, we are all reveling in the fact that natural gas and electricity prices are still trading near a nine-year low.

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