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Suez Weekly Market Monitor

Derek Mumford
Derek.mumford@suezenergyna.com
June 13, 2007

ERCOT Power
ERCOT power prices began the week at a declining rate, it leveled out by mid week. Prices continued down a declining path as the week came to an end.
ERCOT Prompt month deliveries closed at $91.38/MWh, decreasing $5.09/MWh or 5.57%.
ERCOT '08 finished the week at $79.32/MWh down 1.44%.
ERCOT '09 closed the week at $77.02MWh down 1.57%.
The prompt month for the Houston Zone finished at $96.88/ MWh a decrease of 6.08% and the prompt month North Zone finished at $91.38/MWh down 5.57%.

NYISO-NEPOOL Power
Northeast power prices started the week decreasing and stayed steady as we entered the middle of the week, prices slumped further as the week came to an end.
Prompt month prices for the Northeast are 0% to 5% more than 3 months ago for the same trading month.
NYISO Zone J prompt month closed the week at $128.25/ MWh decreasing $6.95/MWh, a change of 5.42%.
NYISO Zone A prompt month finished at $73.50/MWh a loss of $6.20/MWh or 8.44%.
Massachusetts NEMA prompt month closed at $97.00/ MWh a change of 4.20% or $4.07/MWh.
Massachusetts SEMA prompt month finished the week at $88.00/MWh, decreasing 4.62%.

PJM Power

PJM power prices started the week decreasing and leveled off by mid week. The week closed at a lower price compared to last week.
Cinergy prompt month finished the week at $81.72/MWh, a change of 1.53%, decreasing $1.25/MWh.
NI Hub prompt month finished the week with a loss of $3.25/MWh to close at $79.60/MWh, a change of 4.08%.
PJM West Hub prompt month lost $1.52/MWh closing at $99.50/MWh, a change of 1.53%.
PSEG prices for the prompt month closed at $121.50/MWh, a change of 1.25% or $1.52/MWh.
Compared to 3 months ago, PJM prices are 3% to 7% higher for the same trading period.

Natural Gas Market
Natural gas prices started the week at a decreasing rate but increased briefly at mid week. The week ended with prices lower than last week.
NYMEX prices for the prompt month finished the week at $7.66/MMBtu a decrease of 2.81% or $0.22/MMBtu.
June 2007 prices are 2.21% higher than 3 months ago for the same delivery period.
NYMEX Bal. '07 closed at $8.27/MMBtu a change of 2.12%, down $0.18/MMBtu.
NYMEX Cal '08 finished the week at $8.93/MMBtu; NYMEX Cal '09 closed at $8.69/MMBtu.
Algonquin, Transco Z6, and Tetco M3 prompt month closed at $1.38/MMBtu, $1.69/MMBtu, and $1.19/MMbtu respectively.

Natural Gas Storage: Gas in Storage Increased 18 Bcf
Working gas in storage was 2,163 Bcf as of Friday, June 1, 2007, according to EIA estimates.
This represents a net increase of 110 Bcf from the previous week.
Stocks were 146 Bcf less than last year at this time and 366 Bcf above the 5-year average of 1,797 Bcf.
In the East Region, stocks were 128 Bcf above the 5-year average following net injections of 66 Bcf.
Stocks in the Producing Region were 179 Bcf above the 5-year average of 617 Bcf after a net injection of 28 Bcf.
Stocks in the West Region were 59 Bcf above the 5-year average after a net addition of 16 Bcf.
At 2,163 Bcf, total working gas is within the 5-year historical range.
(Sources: EIA)

 

Derek Mumford
Energy Analyst
Suez Energy Resources
June 13, 2007
Derek.mumford@suezenergyna.com



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