National cooling demand looks to be lower than normal for the third week in a row, and the mid-range forecast does not look much better. The primary gas consuming states are all above average this week however (with the exception of Louisiana).
With all but one nuclear reactor generating near 100% today, output is surpassing last year for the tenth day in a row, averaging nearly 1/2 BCF of natural gas demand offset. This differential should shrink over the next two months, since output cannot improve much from here. The nuclear fleet is performing near perfectly, and barring unplanned outages should help suppress natural gas demand this summer.
The month of June ended with very steady and strong wind generation in Texas, as output held near 9,000 MW for four days straight. That helped June average 5.45 GW of wind output, vs 4.70 GW last year and 3.66 GW in 2012.
With significant additional generating resources installed at the beginning of the year, output should reflect that capacity growth through the summer, though July-Sep is historically low.