Jan. 31, 2022
Energy Prices Impacted by Winter Weather, Limited Infrastructure, Geopolitical Issues and Market Anomalies
Natural gas futures tallied their largest one-day percentage gain on record last Thursday, up $1.77 per mmbtu or 72% for the February contract. This move occurred in the last four hours of trading in a classic short squeeze of money managers and hedge funds caught short as the contract closed. Fuel prices have been volatile as cold weather in many parts of the U.S. increased demand and the Russia-Ukraine conflict spooked the market into fearing disruptions to the flow of natural gas from Russia to Europe. Many customers will see higher bills, due to the additional energy needed to heat their homes. This move will impact utilities like FMPA, adding more than $2 million in fuel costs for the month of February. Situations like these illustrate the need for natural gas drilling to ensure the U.S. is energy independent and additional pipeline capacity into major market areas of the country to keep energy prices affordable.
GRU Supporting Williston with Project
Gainesville Regional Utility (GRU) is assisting the City of Williston with a feeder line relocation for a Duke Energy substation expansion. Utilizing existing mutual aid agreements, GRU is providing support with personnel and equipment. The work is expected to be complete this week. Contact Mike McCleary
FMPA Trainings and Events
The events calendar on FMPA.com has been updated with 2022 trainings and events. New course offerings include the Certified Power Executive program and the Electrical Metering program. Reoccurring events such as the Meter Tech and Human Resources roundtables will continue to be offered. All trainings and events are now open for registration. Contact: Sharon Samuels
Jason Wolfe | Jan. 31 | 11 Years
Maria Veiga | Feb. 4 | 3 Years
Feb. 16 | 2 p.m. | FMPA Orlando Office
FMPA Governing Board Meetings
Feb. 17 | 9 a.m. | FMPA Orlando Office
Certified Power Executive Training Program
Feb. 23 | 8:30 a.m. | FMPA Orlando Office
TOP INDUSTRY NEWS
FMPA Weekly is published by FMPA’s Public Relations Department for staff and members. Questions about this newsletter may be directed to Rachel Ilardi or Anna Castro. Check out FMPA’s Glossary, for frequently mentioned terms.