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US Declares Northeast Energy Emergency as Winter Storm Hits

Financial Post
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US Declares Northeast Energy Emergency as Winter Storm Hits

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fxh6vt35ygr06{7h[li]qxiw_media_dl_1.png US Energy Information AdministraArticle content(Bloomberg) — The US Department of Transportation declared a regional emergency as cold weather and a November electrical outage at a Pennsylvania industrial complex disrupt heating-fuel markets.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentThe regional emergency declared on Dec. 12 waives hours-of-service regulations for trucks transporting heating fuels to New York, New Jersey, Delaware and Pennsylvania. The governors of New Jersey and Pennsylvania already had waived state-level trucking restrictions. Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentThe federal declaration will remain in effect until the end of the emergency or midnight Dec. 26.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentThe issue stems from a Nov. 19 electrical incident in a transformer at Energy Transfer LP’s Marcus Hook terminal in Pennsylvania. The outage disabled the facilities propane truck-loading rack for three days and led the company to declare force majeure, according to a statement from the National Propane Gas Association. Energy Transfer customers were placed on allocation and are receiving 70% of their loads, the association said. Article contentThe terminal is loading propane onto trucks directly from a pipeline, causing wait times to increase.Article contentEnergy Transfer didn’t respond to multiple requests for comment.Article contentThe US Energy Information Administration on Monday revised its Winter Fuels Outlook and now expects a colder winter and higher fuel prices than originally estimated when first published in October.Article contentThe agency expects this winter to be as cold as the prior year, after previously forecasting a warmer one. It also now expects higher retails prices for natural gas and propane than previously forecast.Article content(Updates with details on winter forecasts in final two paragraphs and adds chart.)Article contentTrending The Federal Reserve’s rate cut was a clear signal to investors Investor Garry Marr: How raiding your TFSA before the end of year could save you thousands Personal Finance Posthaste: Canada's provinces face 'deteriorating' outlook, says Fitch Ratings News McKinsey plots thousands of layoffs in consulting slowdown Work 'Why let one person in the States change your life?' For Canadian snowbirds, the stay or go dilemma gets complicated Real Estate Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.

The Federal Reserve’s rate cut was a clear signal to investors Investor Garry Marr: How raiding your TFSA before the end of year could save you thousands Personal Finance Posthaste: Canada's provinces face 'deteriorating' outlook, says Fitch Ratings News McKinsey plots thousands of layoffs in consulting slowdown Work 'Why let one person in the States change your life?' For Canadian snowbirds, the stay or go dilemma gets complicated Real Estate

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Source: Financial Post