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Our Energy Transition Series continues to bring you leading global content to support your energy transition journey. During this session, we discussed the continuing role of gas and LNG in the energy transition, the impact of changing global gas markets and pricing volatility, and the key risks shaping the near-term outlook. We also explored the commercial and legal tools available to help manage risk and strengthen resilience.
Damien Sinnott, WSU Tri-Cities vice chancellor of finance and administration, now holds a similar role at WSU Vancouver as interim vice chancellor of finance and operations. His appointment to the position was at the behest of Vancouver interim Chancellor Sandra Haynes, who is also chancellor of the Tri-Cities campus. Sinnott plans to travel between the Vancouver campus and Tri-Cities every week, starting this week on the Vancouver campus.
As power markets decarbonize, there is still a need for dispatchable, peaking power plants. Currently, most of this need is met by fossil-fueled units, but there could be opportunities for battery storage. In California this past August, rotating outages were because of capacity shortages. During these events, over 50% of the power on the grid was coming from natural gas-fired plants.
Mild weather in the Eastern U.S. and continued downward pressure from natural gas prices brought mixed fortunes for generation markets in the fourth quarter of 2015. SNL Energy's most recent Power Forecast identifies certain spots and clarifies the potential impact of recent developments. * In the East, generators in PJM and MISO with access to inexpensive shale gas are set to experience increased margins, relative to their peers in the Northeast.
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