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In a Twist, Snow Is Keeping Natural Gas Prices Down in Texas

  • Snow melt in the Sierra Nevada’s boosts California’s hydro
  • Renewables slash gas demand for power in biggest U.S. state
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The Coming Storm of Climate Change

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Natural gas in balmy Texas is feeling the chill of California’s snowy peaks 1,200 miles away.

West Coast power producers are ditching gas in favor of cheap, plentiful hydroelectric power, which is surging after the wettest year ever across the Northern Sierra Nevada range. Much of that moisture fell as snow which is now melting, soaking fields, filling reservoirs and, to the consternation of the Texas gas market, furiously spinning turbines.