According to the Energy Information Administration’s November 2014 Short-Term Energy Outlook, power generation capacity in the Northeast is undergoing a significant change as the Vermont Yankee nuclear power plant is scheduled to cease operations in December and nearly 3 GW of coal-fired capacity has been retired in the region in the last year. Much of the lost nuclear and coal-fired electricity generation capacity in the Northeast will be replaced by generation from natural gas-fired power plants and by increased imports of hydroelectricity from Canada.
In terms of natural gas, EIA Administrator Adam Sieminski issued the following comment on the Short-Term Energy Outlook:
“The US heating season began this month with ample natural gas inventories of almost 3.6 trillion cubic feet, after average gas injections into storage exceeded the five-year average for 29 straight weeks. A record 2.7 trillion cubic feet of natural gas was put into storage by the start of the U.S. heating season this month.”