February natural gas futures finished down 12.4 cents to close at $2.605/MMBtu Thursday despite the release of a bullish storage report earlier in the day [...]

The EIA reported an 87 Bcf withdrawal in natural gas storage for the week ending 1/13/2012, within analysts’ predictions of a withdrawal in the 75 to 109 Bcf range. Working gas in storage was 3,290 Bcf as of Friday, 539 Bcf higher than last year’s 2,751 Bcf stock and 566 Bcf above the 5-year average of 2,724 Bcf. [...]

Since our last report posted on December 28th, Natural Gas prices suffered a mini-crash as prices fell from 3.00 to 2.67. While technically, the chart already displayed a very bearish picture, it was the confluence of two fundamental factors that kicked NG off the ledge. [...]

In Pennsylvania, rate caps in the PECO, MetEd, Penelac and Allegheny service territories expired on January 1, 2011. We continue to see robust supplier competition and companies throughout the state can realize significant savings. [...]