Volume 17, Issue 40 | December 7, 2020

Carbon Offsets Make Local Tree Plantings Possible, 10th Annual Tree Planting

 
On October 17th participants from WGL Energy Services Inc., (WGL Energy) and Chesapeake Bay Foundation planted over 1,200 native trees and shrubs to protect Piney Creek which runs into the Monocacy River and then to the Chesapeake Bay.
 
Trees provide food and shelter for wildlife, provide cleaner air and cooler temperatures, increase property values, sequester carbon, and reduce polluted runoff. These plantings are critical to our clean water efforts — capturing and filtering out pollution before it enters our streams and tributaries, and helping alleviate flooding through stabilizing the soil.
 
WGL Energy has partnered with The Chesapeake Bay Foundation since 2010 to help plant 31,000 trees throughout the Chesapeake Bay region. Over the course of their lifetime, these trees will absorb an estimated 31,598 metric tons of carbon dioxide from the atmosphere. This is equivalent to taking 6,827 cars off the road for one year.
 
In addition, WGL Energy contributed an additional $141,265 to the CBF-managed Carbon Reduction Fund.
 


Editor's Note

Prices Down on Warm Forecasts

Weekly review for November 29 December 5, 2020

 
On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, November 27, 2020 was 3,939 BCF.  This was an decrease of 1 BCF from the previous week. Inventories are now 343 BCF higher than last year at this time, 290 BCF above the 5-year average.
 
As December forecasts changed from slightly cooler-than-normal to warmer-than-normal, this week the NYMEX natural gas 12-month strip (Jan-Dec21) was down 11.4%.  The PJM Western Hub 12-month strip was down 4.0%. 
 
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This past week's market information is provided as a courtesy to our customers and is not indicative of, nor should be relied upon, as representative of future transactions.


Weather

Washington, D.C. Area Cooling/Heating Degree Days

  

 

Jun-20 

Jul-20 

Aug-20 

Sep-20 

Oct-20 

Nov-20 

Normal 

 356

 527

450

 260

56

467

 Actual

 360

 586

453

 187

32

321

Departure from Normal 

1%, Warmer 

11%,    Warmer 

1%, Warmer 

28%, Colder 

43%, Colder 

31%, Warmer 

Cooling degree day (CDD) data is for the Washington, D.C. area and is calculated by comparing the day’s average temperature to a 65-degree baseline. If the day’s average temperature is below 65, there are no cooling degree days that day. If the day’s average temperature is greater than 65 degrees, then subtract 65 from the average temperature to find the number of cooling degree days.

**Heating degree day (HDD) data is for the Washington, D.C. area and is calculated by comparing the day’s average temperature to a 65 degree baseline. If the day’s average temperature is above 65, there are no heating degree days that day. If the day’s average temperature is less than 65 degrees, then subtract that average temperature from 65 to find the number of heating degree days.