Spot wholesale power across the New York state grid surged after imports from Canada were halted.
Natural gas rebounded in New York. Futures declined last week on forecasts of moderating weather that would limited demand from power plants.
Natural gas futures dropped in New York, capping a third weekly decline, on forecasts of moderating weather that would limit demand from power plants.
Natural gas futures dropped in New York, heading for a third weekly decline, on forecasts of moderating weather that would limit demand from power plants.
Natural gas futures may advance next week as hotter U.S. weather spurs demand for the power-plant fuel to run air conditioners, a Bloomberg survey showed.
Heavy rain is forecast to wash through New York City today as severe thunderstorms and gusting winds push across the mid-Atlantic, snarling air traffic.
Wholesale electricity prices from New York to Washington declined as milder weather curtailed demand.
Natural gas futures declined after rebounding from the lowest level in three months amid forecasts of warmer-than-average weather that would increase demand for the power-station fuel.
Several tornadoes, high winds and hail brought down power lines and trees and damaged buildings across the U.S. Midwest, even as the chance of a massive rare storm dwindled, according to the U.S. Storm Prediction Center.
A powerful storm system capable of toppling trees, knocking out power and tying up air traffic will probably start later today with an outbreak of strong tornadoes across northern Illinois and Iowa.
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