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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: quehubo who wrote (121624)	6/16/2009 5:14:04 PM
From: Dennis Roth	1 Recommendation Read Replies (1) \| Respond to of 206104

FWIW, Spark Spread BiWeekly: Tracking Changes in Power Commodities citigroupgeo.com 40 pages First page Text: In This Issue — Alternating Currents: This Time, The Best Offense Is A Good Defensive. Reserve Margin Update: PJM and ERCOT Reserve Margin Forecasts Tick Down: Long Term Positive Power Supply/Demand Signal. Citi Power Gas & Utilities Conference: Key Takeaways & Conclusions. Are Merchants Running Out Of Gas? - Actually, Implied Gas Prices Are Right Where They Should Be. Pg 32. Long Term Gas Up — In the past two weeks, longer-term gas prices increased 3.19%. The 2009 price is now at $4.36/MMbtu, the 2010 price is $6.26/MMbtu and the 2011 price is $7.12/MMbtu. This compares to our previous report’s, $4.20/MMbtu for 2009, $6.06/MMbtu for 2010, $6.95/MMbtu for 2011; see page 16 for further details. Market Heat Rates Down — In the past two weeks, longer term market heat rates decreased (2.48)%. Current flat market rates are 7,606 btu/KWh for 2009, 7,250 btu/KWh for 2010, and 6,971 btu/KWh for 2011. This compares to our previous report’s 8,001 btu/KWh for 2009, 7,292 btu/KWh for 2010 and 7,108 btu/KWh for 2011; see page 30. Sparks & Darks Mixed – For the last two weeks, forward 2010E and 2011E sparks (CPN, and DYN) were up, CAPP spreads (MIR, and RRI) were down, and PRB darks (DYN) were stable.