The war in Iran is not expected to lead to higher domestic natural gas prices in part because higher oil prices tied to the closure of the Strait of Hormuz mean more oil production and related gas supply from the Permian Basin, the EIA said.

New York generators had to rely on oil as gas was scarce throughout the Eastern Interconnection during the Jan. 25-27 winter storm, NYISO said in a preliminary analysis.

Rising electricity prices in New York are driven by the increased cost of gas because of the ongoing Russia-Ukraine War and increased LNG exports, according to a recent policy paper by NYISO.

The Western Energy Markets Governing Body approved a set of revisions to CAISO's gas-fired energy generation resource management program after two years of work with stakeholders.

NYISO's Business Issues Committee and Operating Committee both endorsed tariff changes ahead of the completion of the Champlain Hudson Power Express.

FERC staff warned that severe weather events "could create tight supply conditions" in some areas during the coming winter months.

The U.S. Energy Information Administration is boosting its estimate of national power generation growth to 2.3% this year and 3.0% next year.

FERC's State of the Markets report showed lower wholesale energy prices but growing demand and higher capacity prices that signal a need to meet the coming load.