Good Afternoon,

The following is Ansergy’s take on this week’s STP. By the way, the RFC did a substantial release on Friday, today’s updates Friday’s, so our week on week comparison will be against two forecasts back.

Monthly

Energy Scorecard

• May – Up 120 aMW
• June – Up 700 aMW (compared to Monday’s forecast, up 350 aMW)
• July – Up 500 aMW from Monday, down 300 aMW from Friday
• August – Down 200 from Monday, down 70 from Friday
• September – only two days, ignore

Daily

Not a big change from last week, but the changes are all occurring in the last week of June, the first week of July; let’s look closer:

Water was taken out of the first few days of July and placed into the last weeks of June.

Year vs. Year

Big water year, perhaps not as big STP is suggesting.

Cheers,

Mike