Cold weather trims SoCal Gas storage, challenging winter reliability plan

摘要

A sharp decline in SoCal Gas storage levels over the past 10 days hasthwarted a recently announced utility plan to bolster system reliabilityand contain potential price spikes at the city-gate this winter.Over the next week, though, warming temperatures could help toslow withdrawal activity and possibly reverse last month’s precipitousrise city-gate winter gas prices.Since November 25, SoCal Gas inventory has declined by 4 Bcf ormore than 5%. With storage levels estimated at 74 Bcf Wednesday, theutility’s underground caverns now stand 9 Bcf or nearly 11% belowsystem capacity, S&P Global Platts Analytics data shows.