NYMEX Futures Price Soars Again, Up 10.3 Cents to Important $3.85
In yesterday’s MDN post about the spike in the NYMEX futures price for natural gas, MDN told you that traders were targeting the next significant trading target to be $3.84/MMBtu (see Hot Weather Forecast Prompts NYMEX to Close Up 17 Cents @ $3.75). And guess what? We hit it yesterday, closing at $3.851/MMBtu (up 10.3 cents from the prior close). We also told you that traders expect the next important price point to hit after that would be a close of $4.08-$4.12. If we hit that level, what would be next? According to gas traders, the price would likely make a run at $4.46. Wow! Read More “NYMEX Futures Price Soars Again, Up 10.3 Cents to Important $3.85”
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Cayuga Station, owned by Duke Energy, is a three-unit coal-fired power plant built between 1970 and 1993 in Vermillion County, Indiana. The existing plant produces as much as 1,040 megawatts (MW) of electricity. Duke recently filed a request with the Indiana Utility Regulatory Commission (IURC) for permission to build two new gas-fired plants at the Cayuga site to replace the coal-fired units (see 
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