Enter to win every day in CTNOW's 21 Days of Summer Giveaways. Click here to see today's prize.
Topics

Natural Gas

Natural gas utilities restock after bitter winter drains supplies

Four thousand feet below central Illinois, Peoples Gas is pumping natural gas into a vast underground sandstone formation, stockpiling supply for another Chicago winter. The sandstone — its tiny pores trap and hold the gas — serves as the utility's winter pantry, providing a cushion against volatile pricing on the open market. Like Peoples, utilities across the country are being forced to play catch-up, storing natural gas as quickly as possible to rebuild supplies that dwindled to their lowest in five years as a result of this year's polar vortex. "This was by far the craziest winter since I've been in gas supply. And pricewise it was the highest,"...

Loading
77°