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As demand for natural gas soars, substantial imports of it will also be required, even though 90% of current consumption is met from domestic output.
Her comments were just another sign that the state is rapidly running out of options as it seeks to grapple with what amounts to a war on three fronts: shortages in power generation throughout the Western states; shortages in the natural gas used to generate much of the power in the region; and the financial distress of the two utilities as the cost of both power and natural gas soars.
Similar(49)
Natural gas soared as cold weather increased demand for heating fuel.
Spot gold climbed over $860 an ounce, and soybeans, wheat, platinum, heating oil and natural gas soared.
Natural gas soared after a report showed inventories rose too little to ensure an adequate winter supply.
Natural gas soared on speculation that a heat wave would raise demand for fuel for air-conditioning.
Mr. Keith stopped using petroleum for his vehicle five years ago when gas soared to $1.75 a gallon.
Import prices were driven lower largely by a 9.3percentt plunge in the price of petroleum imports, while prices of natural and manufactured gas soared 32.3percentt.
The efficiency of a combined-cycle plant makes a huge difference in the price of electricity, particularly in the last 18 months, as the spot price of natural gas soared from $2 per million B.T.U.'s to $10, then fell back to about $6.
Millions of homeowners have been hit with two inflation-busting tariff rises this year as the cost of wholesale electricity and gas soared on the back of rising oil prices.
The price of gas soared.
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