Per attached NYMEX Futures below you will note natural gas futures have fallen significantly since last communication. Futures do remain high however, though much more favorable at this time.

Winter is upon us and market movers include weather forecasts, storage volume and record high domestic production. Over last three trading days futures fell significantly due to: warmer rather than cooler ten-day weather forecasts; recent large gas storage injections; record-high domestic production and anticipation of another large storage injection this week. Currently we’re headed in the right direction – emphasis on currently. As often stated, we’re in unprecedented times “energy wise” and globally, we need to stay on top of things looking for opportunities. I continue to do that on your behalf.

Regards,
John Thomas
Upstate Utilities, Inc.
518-355-4761 Office
518-391-2370 Fax
518-225-8098 Cell