Gas Delivery Falls on Milder Weather; Texas Drops for Second Day

Natural gas shipments scheduled for delivery to U.S. power plants dropped for the first time in three days as milder weather reduced cooling demand. Shipments to Texas dropped to a one-week low.

Scheduled delivery for power generation dropped 1.8 percent to 15 million dekatherms (14.5 billion cubic feet), according to data compiled by Bloomberg as of 9:30 a.m. in New York.

Gas shipments set for electricity generators in Texas fell for a second day, down 3.4 percent to 2.43 million dekatherms, the lowest level since April 18.

Dallas will have a high of 73 degrees Fahrenheit (23 Celsius) today, 6 degrees below normal, according to AccuWeather Inc. in State College, Pennsylvania. The city had a high of 87 degrees on April 24, 9 degrees above normal.

Wholesale natural gas at Katy, Texas, slid 0.1 percent to $4.3009 per million British thermal units yesterday on the Intercontinental Exchange. The hub is 27 miles (43 kilometers) west of Houston.

Natural gas is used to generate 48 percent of the state’s power, according to the Energy Department.

(Source: http://www.bloomberg.com/news/2011-04-27/gas-delivery-falls-on-milder-weather-texas-drops-for-second-day.html)