Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 10, Issue 44
We Know Energy
November 2, 2012 Energy Update
In this Issue
Editor's Note
Prices Flat as Gas Storage Hits Record Level
Natural Gas Fundamentals
Natural Gas Storage: Storage Fields at Record-High Level. Data Released Nov.1, 2012
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 the Louisiana Well-Head
PJM Electricity
Graph - PJM 12-Month Average Peak Power Price
Local Cooling Degree Days*
Recent Features
Renewable Energy Markets 2012 Conference Highlights WGES Staff and Customers (Oct. 5, 2012)


The Brick Companies Converts Entire Maryland Portfolio to 100 Percent WGES CleanSteps® WindPower and Reduces its Carbon Footprint (Sept. 28, 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
Prices Flat as Gas Storage Hits Record Level
Week in Review for October 26 - November 1, 2012

For this seven-day report period, natural gas and electricity prices closed flat relative to the previous week's closing numbers. The average 12-month price for natural gas on the New York Mercantile Exchange (NYMEX) and the 12-month average price for peak power on the PJM both fell by less than 1%.

In late summer and early autumn, we saw a brief run up in natural gas and electricity prices. From September 7 to October 11, 2012 natural gas prices on the NYMEX rose 24% and electricity prices on the PJM transmission grid rose 9.8%.

However, temperatures moderated during the last three weeks. The price rally lost momentum and prices leveled off. Since October 11, 2012 natural gas prices have increased by 2.9% and electricity prices have dropped by 1%.

One variable that helped place a lid on the recent price surge was the natural gas storage inventories. According to the Energy Information Administration, gas inventories just hit a record high for this time of year. The traditional natural gas injection season runs from April 1 to November 1. We will begin the heating season with a record-high 3,908 Bcf in storage. The previous record-high storage level was 3,852 Bcf, set one year ago on November 8, 2011.

We are ready for the winter heating season. Now the big question is how quickly the gas bubble will disappear if we have a cold winter this year.

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