• Warmer-than-normal weather is projected for the central states and the Northeast for the period October 17-23. Both NOAA and Constellation are projecting a warmer-than-normal winter for the Northeast. Hurricane Milton has caused significant demand destruction.
  • The EIA has announced another storage surplus, reducing injection, but the injection was not as bad as the market anticipated. The continuing drop in the surplus increases the likelihood that the winter will erase the surplus.
  • In natural gas commodity news, demand destruction has reduced prices this past week. However, the reduced natural gas surplus will be felt when the cold weather arrives.
  • New England natural gas transportation basis has dropped as European LNG prices fell this past week.
  • European LNG prices rose and then dropped again as the Middle East tensions remained unsteady.
  • Wholesale power prices follow movements in the natural gas commodity and natural gas transportation prices.