Fuel providers warn about heating supplies on cold weather outlook [Reuters]
National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG)
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Source: Reuters
Fuel providers warn about heating supplies on cold weather outlook | Reuters 4 Min Read NEW YORK (Reuters) - Headed into the winter, temperatures have been colder than usual in the United States, and the cost of heating has been higher - a trend likely to be extended in the next couple of months. That has fuel companies already warning about supply. Some heating oil service companies have rushed to deliver fuel earlier this season, while natural gas utilities are firing up emergency plans in case demand skyrockets and as more people look to switch to the cheaper fuel. Heating oil costs, particularly in the U.S. Northeast, are expected to hit four-year highs this winter. That’s driving consumers to request switching to cheaper natural gas, but that’s worrying utilities who say there will not be enough pipelines to handle demand in subsequent cold seasons. Households burning fuel oil can expect to pay an average of $1,589 this winter, or $213 more than last year, up 15.5 percent, accord
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Sec Filings
- 4/18/24 - Form 6-K
- 4/10/24 - Form 6-K
- 3/28/24 - Form 6-K
- NGG's page on the SEC website