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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: quehubo who wrote (184244)	6/3/2014 1:09:36 PM
From: Biomaven	Read Replies (1) of 206159

>>Gas supply was tested last Winter and it makes me wonder how we will fare in the NE quadrant of USA in a few years if we get another similar Winter Yes it was tight - and that situation continues in New England only because utilities don't want to commit to a new pipeline, which would solve the issue completely. The issue is that the shortages only happen a few days a year, and so the utilities don't want to commit to a long-term contract, instead preferring to pay extremely high prices a few days a year. It's not helped by the fact that we have one significant local gas-fired power plant (Mystic - owned by GDF Suez) that has a long-term contract to import LNG at high prices. GDF Suez owns the associated LNG terminal too, otherwise I'm sure they would be better off re-negotiating their LNG contract and helping pay for a new pipeline. There are only two remaining Massachusetts coal-based power plants. The smaller (Mt. Tom) is very likely shutting down in 2016. The larger, Brayton Point, recently announced it will close in 2017 - not because of regulatory action, rather because of competition from natural gas. Peter

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