Welcome to GasNewsOnline.com! We always review the country’s interstate natural gas pipeline companies for their most recent critical postings and bring you information about changes in pipeline operating conditions.
Plus, we will update you on the latest publicly released news from major energy companies and provide the extended temperature forecast for the next few weeks from the National Weather Service, too.
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From the US Energy Information Administration, working gas in storage was estimated at 1,653 Bcf as of Friday, May 10, 2019. This represents a net increase of 106 Bcf from the previous week.
Stocks were 130 Bcf higher than last year at this time and 286 Bcf below the five-year average of 1,939 Bcf. At 1,653 Bcf, total working gas is within the five-year historical range.
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OG& E Chairman, President and CEO Sean Trauschke today told the company’s shareholders that the company is “strong and built for the long term.” Speaking at the company’s annual meeting, Trauschke said he was pleased with the performance of OG&E, Oklahoma’s largest investor-owned utility, and Enable Midstream, in which the company owns interest, as both had contributed to the company’s ability to invest in its customers, and maintain utility rates that are 31 percent below the national average.
“2018
will be the benchmark the company uses to gauge future performance. OG&E completed its largest
ever investment program, wrapping up more than $6 billion of infrastructure
investment since 2011, on time, under budget and while receiving recognition as
the safest utility in the Southeastern Electric Exchange,” Trauschke said.
“At Enable, we’re seeing continued solid operational and financial results, while volumes
are increasing across all of their business segments.”
Looking
ahead, he said the company will continue to focus on growing the business
through an enhanced customer experience at affordable rates. “The new
assets we’ve put into operation have increased fleet resiliency for customer
benefit. We will continue to leverage our smart meters and technology that
increases reliability and reduces outage response and restoration times.”
OGE Energy is the parent company of Oklahoma Gas and Electric Company, a regulated electric utility serving approximately 852,000 customers in Oklahoma and western Arkansas. In addition, OGE holds a 25.5 percent limited partner interest and a 50 percent general partner interest of Enable Midstream Partners, LP.
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On Tuesday, Sempra Energy celebrated the completion of construction of Train 1 of the Cameron LNG export project in Hackberry, La., with a group of international, federal, state and local officials, including the U.S. president and members of the U.S. administration. The celebratory visit coincided with today’s announcement that Cameron LNG is producing liquefied natural gas (LNG) from the first liquefaction train of the three-train facility, a major commissioning milestone.
Sempra Energy set a goal in 2018 to
become the largest developer of North American LNG export infrastructure,