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November 20 Electricity Update

Natural gas is off $.11/Dt for Dec.09 trading at $4.234/Dt. Crude is off another $1.60/bbl ($76.36/bbl) as economic data the past two days has been less than rosy. Electricity has slid the past two days following natural gas movement. Earlier this week weather forecasts showed cooler temperatures in the 20's and 30's moving into the Northeast next week for Thanksgiving. These predictions have since changed and temperatures will be in the 40's and 50's. This change will reduce gas demand and is likely applying downward pressure this morning as we near the Thanksgiving Holiday.