This is definitely of interest with the west already facing low hydro level. PG&E doesn’t typically cycle this gas (the did not the past 2 years), but it’s a meaningful amount of gas that will not be available.
Our initial thinking is that this will show up as a reclass on the EIA storage number next week.
Here is the notice and link: www.pge.com/pipeline/news/newsdetails/index.page?title=20210610_2445_news
Modified PG&E Total Gas in Storage
Thursday, June 10, 2021
The 2019 Gas Transmission and Storage (GT&S) Rate Case Final Decision (D.) 19-09-025, issued on September 23, 2019, adopted the Natural Gas Storage Strategy (NGSS) that substantially changed PG&E’s gas storage asset holdings, its operational functions and CGT’s role in the market. As part of the NGSS, the Commission adopted PG&E’s proposal to reclassify 51,098 MMcf of PG&E owned gas from working gas to cushion gas (or base gas). Under the NGSS, PG&E’s working gas capacity is approximately 52,460 MMcf. PG&E is changing the reporting of the storage inventory level to be consistent with this change in working gas capacity. Beginning with the actual data for June 11, 2021, PG&E Total Gas in Storage inventory numbers will reflect the reduction in current inventory of the reclassified 51,098 MMcf to cushion gas. The current inventory of PG&E Total Gas in Storage and Storage Activity Archives will be adjusted going forward and can be found on the Pipe Ranger Operations page
________________________________________________________
PG&E storage is currently 75 Bcf full, out of the 102 Bcf capacity. So PG&E working gas after the change would show up as ~50 Bcf lower.
This from PG&E website
This from the EIA
|
Reservoir Code |
Company Name |
Field Name |
Reservoir Name |
Field Type |
County Name |
Base Gas |
Working Gas Capacity(Bcf) |
|
2 |
PACIFIC GAS AND ELECTRIC COMPANY |
MCDONALD ISLAND |
MCDONALD |
Depleted Field |
San Joaquin |
54.6 |
82.0 |
|
3 |
PACIFIC GAS AND ELECTRIC COMPANY |
PLEASANT CREEK |
PETERS |
Depleted Field |
Yolo |
5.1 |
2.3 |
|
1 |
PACIFIC GAS AND ELECTRIC COMPANY |
LOS MEDANOS |
DOMENGINE |
Depleted Field |
Contra Costa |
11.2 |
17.9 |
|
70.8 |
102.2 |
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