Economics: Latest FERC Outlook Showed Adequate Capacity, Enhanced Transmission, Higher Prices

Abstract

Electric and natural gas market conditions this summer will reflect exceptional gas burn and storage withdrawals this winter, and the anticipation of a warmer-than-normal summer for much of the country. The possibility of a summer El Nino may moderate temperatures and associated market impacts. California Independent System Operator (CAISO) markets face a deep drought, while market expansions in the Southwest Power Pool (SPP) and Midcontinent Independent System Operator (MISO) enter their first summer period of operation.