11-20-15 MASTER NH Energy Future

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    Navcrbajnatdh Iuscanss Gbuagch bf Anw Na`hdamNanr`y Navcrbajnat Ngbabjy

    NIG Anw Ldjpslcrn Gldptnr [rb`rdjAnw Ldjpslcrns Nvbhvca` Nanr`y Futurn

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    Ybinrt LdsnvhdtGldcr, NIG Anw Ldjpslcrn Gldptnr

    Iuscanss Mnvnhbpjnat Jdad`nr

    Abrjdamndu Dssbgcdtns, Cag.

    Jcgldnh Tucaa[drtanr

    JgHdan Jcmmhntba

    Navcrbajnatdh Iuscanss Gbuagch bf Anw Na`hdamNanr`y Navcrbajnat Ngbabjy

    Pnhgbjn

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    Glcp GrbgnttcWnacbr Vcgn [rnscmnat

    Wdaibra, Lndm & Dssbgcdtns, Cag.

    Jnold DirdldjDssbgcdtn [rbengt Jdad`nr

    ]YG

    Navcrbajnatdh Iuscanss Gbuagch bf Anw Na`hdamNanr`y Navcrbajnat Ngbabjy

    Catrbmugtcba5 [rb`rdj Gb-Gldcrs

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    Enaacfnr Yuayba

    Glcnf Nmctbr

    YnanwdihnNanr`yPbrhm.gbj dam

    Ynanwdihn Nanr`y Pbrhm Jd`dzcan

    Navcrbajnatdh Iuscanss Gbuagch bf Anw Na`hdamNanr`y Navcrbajnat Ngbabjy

    Anw Ldjpslcrns Nanr`y Futurn5 Wnttca`

    tln Wtd`n Wtdtnwcmn dam Inybam

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    Ynanwdihn Nanr`y Pbrhm

    Lcstbry

    Wtdrtnm ca 433< ds Wbhdr Dggnss, iy d `rbup bfrnanwdihn nanr`y prbfnsscbadhs wlb wdatnm tbpuihcsl anws dam cafbrjdtcba dibut da camustry tlnywnrn pdsscbadtn dibut.

    Pctl tln `rbwtl bf sbhdr dam tln `rbwtl bf btlnrjdronts, Wbhdr Dggnss ingdjn Ynanwdihn Nanr`yDggnss damtlna wds dgqucrnm iy [naaPnhh Gbrp ca9;44 dam ingdjn Ynanwdihn Nanr`y Pbrhm.

    C stdrtnm wctl tln gbjpday ca 9;;0 ds d anws nmctbr,tlna ingdjn tln jdad`ca` nmctbr dam tlna tln glcnfnmctbr. C ldvn snna tlcs camustry `rbw fbr tln pdst ;; JP bf wcam

    gdpdgcty idsnm ba burwcam rnsburgn

    *Wburgn DPND

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    Wbhdr

    ]lrnn ]ypns bf Wbhdr [bwnr ]nglabhb`y]wb ^sn Lndt

    Wbhdr ]lnrjdh

    fbr Lbt Pdtnr(Abt vcdihn ca AL)

    Gbagnatrdtca`Wbhdr [bwnr(^snm ca MnsnrtHbgdtcbas)

    Cjd`n5 Cvdapdl

    Grnmct5 Irc`ltsburgn

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    Wbhdr [V

    Castdhhnm gbst bf sbhdr [V lds inna mrbppca`

    qucgohymbwa >7% scagn 9;4;.Ca 9;4=, AL ldm 4; JP bf castdhhnm sbhdrgdpdgcty rdaoca` ct 7>tlca tln gbuatrydggbrmca` tb tln Wbhdr Nanr`y Camustrcns

    Dssbgcdtcba (WNCD)

    Natnr sbhdr hndsca` gbjpdacns

    Jdront dpprbdglca` >; JP qucgohy!

    ^sns tln hc`lt frbj tln sua tb nxgctn nhngtrbas cad sbhdr pdanh dam grndtn nhngtrcgcty.

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    AL >;-JP Ant-Jntnrca` Gdp

    Ant-jntnrca` jndas wldtnvnr pbwnr ybu prbmugn cs grnmctnm tbybur ichh dt tln rntdch rdtn ybu pdy fbr nhngtrcgcty.

    Gdp wds snt ca 433; JP. ]lcs cs da cssunphdyca` but rc`lt abw ca AL dam cts vnry cjpbrtdat fbr

    tln futurn bf sbhdr nanr`y ca tlcs stdtn.

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    Nhngtrcgcty

    Mrchh catb pbgont bflndt dam ldranssct tb grndtn pbwnr

    Gdhcfbracd,Anvdmd, Dfrcgd,

    Cambanscd, Edpda Abt ca AL

    Lndtca` dam Gbbhca`

    [cpns >-6 ftuamnr`rbuam,

    wlnrn tnjp csgbastdat =; damusn tldtmcffnrnatcdh tb lndtbr gbbh d iuchmca`.

    Pds `dcaca`pbpuhdrcty ca ALiut shbwca` mbwamun tb hbw gbst bfbch.

    @nbtlnrjdh [bwnr

    Lndt frbj tln Ndrtl]wb dpphcgdtcbas

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    Nhngtrcgcty

    AL cs sngbam ca tlnadtcba fbr prbpbrtcbabf nhngtrcgcty wn `nt

    frbj icbjdsswbbm.

    3 icbjdss pbwnrphdats wctl d tbtdh`nanrdtca` gdpdgctybf 974 JP

    Gdriba cs da cssun

    Lndt

    [nhhnts fbr rnscmnatcdhdam fbr gbjjnrgcdh

    ]cnm tb tln prcgn bf bch- $

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    Lymrbpbwnr

    AL lds dibut ==6 JP bf castdhhnmlymrbpbwnr gdpdgcty, wlcgl jdons up dibut4;% bf bur nanr`y supphy.

    Gbavnatcbadh _hdr`nZ lymrbpbwnr phdats drn

    abt gbascmnrnm rnanwdihn.

    [rn-9;;6 sjdhh (uamnr > JP) lymrbpbwnrphdats tldt ldvn put ca navcrbajnatdh

    gbatrbhs sugl ds fcsl hdmmnrs drn gbascmnrnmrnanwdihn.

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    AL Y[W

    Ynanwdihn [brtfbhcb Wtdamdrm bf 9=..Gbjphcgdtnm dam ct lds inna glda`nm jday tcjns.

    ^amnr tln AL Y[W strugturn, dpphcgdihn rnanwdihn nanr`ysburgns drn br`dacznm catb fbur ghdssns5

    Ghdss C5 Anw (dftnr 9;;

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    AL 4;-Sndr Wtdtn Nanr`yWtrdtn`y

    Frnqunat glda`ns tb tln Y[W ldvn hnm tbjdront uagnrtdcaty

    ID^ sgnadrcb su``nsts tln AL wchh abtjnnt cts `bdh bf 9>% iy 9;9>

    ]b jnnt tln `bdh, tln stdtn wchh annm tb

    nasurn tldt dhh jngldacsjs fbr cagrndsca`rnanwdihn `nanrdtcba dam cavnstjnat drngbascmnrnm, frbj jdronthnvnh dmeustjnatstb gbasujnr hnvnh cagnatcvn.

    Ynhndsnm Wnptnjinr 9;4= iy tln Bffcgn bfNanr`y dam [hdaaca`

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    AL Ynanwdihn Nanr`y[btnatcdh

    Grnmct5 Advc`dat gbasuhtca`. Ynpbrt gbjjcsscbanm iy tln Bffcgn bf Nanr`y dam [hdaaca`.

    Ngbabjcg @dp : Jdront Canffcgcnagy, [bhcgy Nffngts dam Dwdrnanss.]nglacgdh @dp : Gbst bf ]nglabhb`y dam Funh

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    Tunstcbas2

    Enaacfnr YuaybaGlcnf Nmctbr

    Ynanwdihn Nanr`y Pbrhm

    eruaybaKpnaawnhh.gbj6;7-

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    Idrry Annmhnjda

    [drtanr

    JgHdan Jcmmhntba

    Navcrbajnatdh Iuscanss Gbuagch bf Anw Na`hdam

    Nanr`y Navcrbajnat Ngbabjy

    ]ln Anw Ldjpslcrn Wctn NvdhudtcbaGbjjcttnn [rbgnss5

    Ony Mnvnhbpjnats dam Cssuns

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    ONS MNVNHB[JNA]W

    DAMC W W ^ N W

    IDYYS ANNMHNJDA

    ]ln Anw Ldjpslcrn Wctn

    Nvdhudtcba Gbjjcttnn

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    Bvnrvcnw

    Anw Ldjpslcrn Wctn Nvdhudtcba Gbjjcttnn (WNG)

    Dm Lbg Gbjjcttnn

    0 D`nagy lndms? 9 puihcg dppbcatnns

    WNG Dmjcacstrdtbr

    Eurcsmcgtcba

    Wtdtutn Ynvcsnm ca 9;4=

    Yuhns Gurrnathy Inca` Ynvcsnm

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    ]ln Ynvcsnm Wtdtutn Ony Cssuns

    Jbrn [uihcg [rbgnss

    Yngbafc`urnm Gbjjcttnn

    Dmmnm Dmjcacstrdtbr

    [uihcg Catnrnst Ynqucrnjnat

    Mngbjjcsscbaca`

    Anw Yuhns

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    Ynvcsnm Yuhns

    Gurrnat [rbgnss

    Ony Cssuns

    [uihcg Catnrnst

    Gujuhdtcvn Cjpdgts

    Gbjphntnanss

    Grctnrcd

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    Wctca` cs @nttca` Jbrn Mcffcguht

    ]ln sctca` prbgnss fbr hdr`n nanr`y prbengts lds ingbjn

    cagrndsca`hy gbatnatcbus dam jbrn mcffcguht

    Dmvnrsdrcns drn inttnr br`dacznm dam jbrn sbplcstcgdtnm

    ]ln lurmhns tb `dca dpprbvdh drn lc`lnr

    ]ln trnam wchh gbatcaun

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    Jcgldnh Acgbhbrb

    Wnacbr Vcgn [rnscmnat, Nanr`y

    Wdaibra Lndm & Dssbgcdtns, Cag.

    Navcrbajnatdh Iuscanss Gbuagch bf Anw Na`hdam

    Nanr`y Navcrbajnat Ngbabjy

    Funh BptcbadhctyDhtnradtcvns tbAdturdh @ds [cpnhcans

    http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCLbMu_fpkMkCFYq2Hgodd50I6w&url=http://www.abc.net.au/environment/articles/2013/07/01/3788497.htm&psig=AFQjCNHGGp2S9N4YQJ9a-1qzRDdk8HCJeQ&ust=1447621658190340
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    F^NH B[]CBA HC]S

    DH]NYAD]CVNW ]B AD]^YDH @DW [C[NHCANW

    NIG Anw Ldjpslcrn Gldptnr [rb`rdjAbvnjinr 9;, 9;4>

    http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCLbMu_fpkMkCFYq2Hgodd50I6w&url=http://www.abc.net.au/environment/articles/2013/07/01/3788497.htm&psig=AFQjCNHGGp2S9N4YQJ9a-1qzRDdk8HCJeQ&ust=1447621658190340http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCLbMu_fpkMkCFYq2Hgodd50I6w&url=http://www.abc.net.au/environment/articles/2013/07/01/3788497.htm&psig=AFQjCNHGGp2S9N4YQJ9a-1qzRDdk8HCJeQ&ust=1447621658190340http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCLbMu_fpkMkCFYq2Hgodd50I6w&url=http://www.abc.net.au/environment/articles/2013/07/01/3788497.htm&psig=AFQjCNHGGp2S9N4YQJ9a-1qzRDdk8HCJeQ&ust=1447621658190340http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCLbMu_fpkMkCFYq2Hgodd50I6w&url=http://www.abc.net.au/environment/articles/2013/07/01/3788497.htm&psig=AFQjCNHGGp2S9N4YQJ9a-1qzRDdk8HCJeQ&ust=1447621658190340http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCLbMu_fpkMkCFYq2Hgodd50I6w&url=http://www.abc.net.au/environment/articles/2013/07/01/3788497.htm&psig=AFQjCNHGGp2S9N4YQJ9a-1qzRDdk8HCJeQ&ust=1447621658190340
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    Wdaibra Lndm

    [rcvdtnhy lnhm, juhtc-mcsgcphcadry fcrj bf bvnr 44>gbasuhtca` na`cannrs dam sgcnatcsts

    [rbvcmca` d wcmn rda`n bf navcrbajnatdh,`nbtnglacgdh dam nanr`y snrvcgns

    Fbuamnm ca 4337

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    Wburgn5 Adtcbadh @rcm

    Ic` [cgturn Funh Bptcbas

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    [cpnhcan Adturdh @ds [rbpdan

    Hcqunfcnm Adturdh @ds (HA@)

    Gbjprnssnm Adturdh @ds (GA@)

    Funh Bptcbas

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    Wburgn5 Nanr`y Cafbrjdtcba

    Dmjcacstrdtcba, Bffcgn bf Bch & @ds,Adturdh @ds Mcvcscba, @ds]rdaspbrtdtcba Cafbrjdtcba Wystnj

    Wburgn 5 A@D

    [cpnhcans

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    Wburgn5 NCD

    [rbengtnm @rbwtl Drnds

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    Pldt cs GA@2 [cpnhcan `ds gbjprnssnm tb =,;;; psc`

    Pldt cs [rbpdan2 abt d gryb`nacg fhucm vbhujntrcg rnmugtcba 5 76.= tb 4 Lndtca` vdhun : 9,>99 I]^/sgf

    Pldt cs HA@ 2 hcqucm jntldan K -96; bF & gbascmnrnm gryb`nacg tln uact wnc`lt bf wdtnr

    Vbhujntrcg rnmugtcba5 69; tb 4 4 JJI]^ : 4 JGF : 4 M]L : dpprbx. 49 `dh.

    (w/adturdh `ds lndtca` vdhun bf 4,;;; I]^/sgf)

    Idscg [rbpnrtcns

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    ANP NA@HDAM

    => tdaos ca 7; gbjjuactcns

    46.7 IGF Wtbrd`n(phus 7.= IGF K Mcstrc`ds)

    Hcqunfdgtcba dt 6 fdgchctcns- .;>4 IGF/mdy

    4.= IGF bf vdpbrczdtcba gdpdichctcns

    WB^YGN5 A@D

    HA@ Fdgchctcns

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    ^tchctyAba-^tchcty

    [rbpdan

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    Wburgn5 Dh`ds-WMC

    Wburgn5 Dh`ds-WMC

    Wburgn5 A@ Dmvdatd`n

    GA@ Fdgchctcns

    http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCPqzjeqwkskCFcpAJgod24wC9A&url=http://www.ngadvantage.com/media&psig=AFQjCNF9c4KAjAjFwG92ivJoSkQyMA3c7g&ust=1447675249569943
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    GA@ Gustbjnr Mnhcvnry Wctn

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    HA@ Wupphy GldcaFbrnc`a HA@ Wupphy HA@ [ndo Wldvnr

    HA@ ]rdaspbrt[cpnhcan

    Hcqunfcnr Wjdhh Wgdhn HA@ Fdgchcty

    Nam ^snr

    [cpnhcan

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    Bjyd, V]

    Sdaonn @ds, G]

    Hba`vcnw [bwnr, PV

    Pdtnrvchhn, JN

    HA@

    https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCIbXx-GQtccCFUI2PgodcrwCtw&url=https://www.linkedin.com/company/thigpen-energy-l-l-c-&ei=VnTUVYbUMsLs-AHy-Iq4Cw&psig=AFQjCNHOn_ivkARAuqspC7eKd97k6Ux2aw&ust=1440073027566073https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCIbXx-GQtccCFUI2PgodcrwCtw&url=https://www.linkedin.com/company/thigpen-energy-l-l-c-&ei=VnTUVYbUMsLs-AHy-Iq4Cw&psig=AFQjCNHOn_ivkARAuqspC7eKd97k6Ux2aw&ust=1440073027566073
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    [u`nt Wbuam Nanr`y[rbpbsnm HA@ Funh Iuaonrca` Fdgchcty

    https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&ved=0CAcQjRxqFQoTCNb7r_jukMkCFQGlHgod8kML1Q&url=https://en.wikipedia.org/wiki/Alaska_Senate&psig=AFQjCNFUeHs0mZE4E7XYYJII5vbYTqoJHQ&ust=1447623197477035http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCNP-1LXukMkCFQPSHgodrtYLWQ&url=http://www.bizjournals.com/seattle/blog/techflash/2014/08/puget-sound-energy-wants-to-build-275.html&psig=AFQjCNFD6uQ-_yhC7lwcNUXiNdTwMuSN5Q&ust=1447622989874104http://hhpinsight.com/wp-content/blogs.dir/2/files/2014/09/PSE-LNG_Tacoma_rendering.jpghttp://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCMzGz_TqkMkCFc-2HgodEWIHWA&url=http://hhpinsight.com/marine/2014/10/tote-and-pse-announce-lng-fuel-deal/&psig=AFQjCNFfHM09Wnv_YYhW0ThDn0IsejhO_Q&ust=1447622143019102
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    Wjdhh Wgdhn HA@ Fdgchcty Hdybut

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    ^a-adjnm [bwnr @nanrdtbr (uamnrwdy) 4;;,;;; `dhhba tdao w/vdpbrczdtcba Wnrvns 4=; JP spdro c`actnm adturdh `ds funhnm rngcprbgdtca`

    na`can `na snts [bwnr phdat mnsc`a cs fbr < tb 46 lburs/mdy bf bpnrdtcba?

    0 mdys/wnno HA@ systnj gda suppbrt 4< lburs bf bpnrdtcba wctlbut rnsupphybf HA@ tb tdao

    Nstcjdtnm GD[N\, caghumca` gbatca`nagy, mnsc`a, gbastrugtcbapldsn suppbrt, cs $7.>J

    ^Jdss Djlnrst (uamnrwdy) ]lrnn vnrtcgdh 4J

    GD[N\Nstcjdtnm

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    Wurn cts d `rndt cavnatcba, iutmbns ct gbjphy wctl dhh `bvnrajnat

    `ucmnhcans2

    Yn`uhdtbry Lurmhns

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    =3 GFY 439 - trdaspbrtdtcba bf adturdh `ds iy pcpnhcan5

    jcacjuj fnmnrdh sdfnty stdamdrms =3 GFY 437-hcqunfcnm adturdh `ds fdgchctcns5 jcacjuj

    fnmnrdh sdfnty stdamdrms

    Yn`uhdtbryWctca`, [nrjcttca` & Wdfnty

    http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCLPhp7bgkskCFUn9HgodYfwDmA&url=http://www.propanemarc.com/ProductDetails.asp?ProductCode=PRC-003004&psig=AFQjCNFQdaop1-C_Uqsw950EReejowTJew&ust=1447688043642650http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCLfPlrLokMkCFQGlHgod8kML1Q&url=http://catalog.nfpa.org/2015-NFPA-59-Utility-LP-Gas-Plant-Code-P1188.aspx&psig=AFQjCNGDGKQYqm04CwlAFO70bI4DwHh6TQ&ust=1447621472380040
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    ]ln @bbm. ]ln Idm. ]ln ^`hy.

    HA@ [YBs5 [rbvcmns mdys bf stbrd`n dam jdturn camustry GBAs5 GD[N\ catnascvn, hdgo bf hcqucm supphy dam

    `bvnrajnatdh bistrugtcbas

    [rbpdan [YBs5 Glndp dam dvdchdihn abw dam jdturn tnglabhb`y GBAs5 Futurn prcgca` dam supphy gbagnras

    GA@ [YBs5 Hbw GD[N\ dam sjdhh fbbtprcat rnqucrnm

    GBAs5 Eust ca tcjn mnhcvnry dam hdgo bf stbrd`n

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    Pldt funhs mb ybu usn & gbasujptcba2

    Pldt cs jdx/jca/dv` lburhy usd`n dam fbr wldt murdtcba2

    Cs ybur bpnrdtcba 9=/0/76>2

    Drn ybu hbgonm catb day gbatrdgts2

    Mb ybu ldvn d sngbamdry funh ds d idgo-up2

    Drn snrvcgn catnrruptcbas prbihnjdtcg2

    Lbw cjpbrtdat drn njcsscba rnmugtcbas dam rnmugca` gdribafbbtprcat2

    Drn ybu spdgn-gbastrdcanm2

    Drn ybu ca d fhbbm phdca br hbgdtnm andr/dmedgnat tb wnthdams2

    Mnsgrcin trugo dggnss tb/frbj/wctlca sctn.

    Wgrnnaca` Grctnrcd

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    Pldts Ldppnaca` ca AL2

    Hcinrty ^tchctcns/cAD]@DW GA@ Fdgchcty ca Gbagbrm Wdtnhhctn HMG tb snrvn Ldabvnr/Hnidaba

    A@ Dmvdatd`n/Ghnda Nanr`y GA@ Fdgchcty ca [njirbon

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    ACJIS - Abt Ca Jy Idgo Sdrm

    ACAIS - Abt Ca Anc`librs Idgo Sdrm

    AB]N - Abt Bvnr ]lnrn Nctlnr

    GDVN(jna) - Gctcznas D`dcast Vcrtudhhy Nvnrytlca`

    IDADAD - Iuchm Disbhutnhy Abtlca`, Daywlnrn,Andr Daytlca` (Dayban)

    AB[N -- Abt Ba [hdant Ndrtl

    ]ln LurmhnACJIS Nvbhutcba

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    ]LN AD]^YDH @DW CAM^W]YS

    Pldt Mb Pn Annm2D Wtrdtn`cg Ihnam bf Dhh Fbrjs bf Adturdh @ds

    http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCImty6LlkMkCFYXUHgodhw4Kpw&url=http://columbiariverkeeper.org/?s=Oregon+LNG.&psig=AFQjCNGXPY_6t2B0l3tJ9JHBofiZvwGV0Q&ust=1447620622386714
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    Wtrdtn`cgdhhy sctn HA@/GA@ lui dam spbons fbr mnhcvnrywlnrn pcpnhcans drn abt ynt ngbabjcgdhhy vcdihn

    Iuchm but pcpnhcan tb snrvn tln luis

    Mnhcvnr HA@/GA@ vcd trdaspbrts uatch ct ingbjns

    ngbabjcgdhhy vcdihn tb nxtnam d pcpnhcan

    Da Dpprbdgl

    http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCN-khYzpkMkCFQUXHgodx8sHPA&url=http://etfdailynews.com/2015/10/01/chesapeake-energy-corporation-chk-natural-gas-sends-the-stock-price-lower/&psig=AFQjCNHGGp2S9N4YQJ9a-1qzRDdk8HCJeQ&ust=1447621658190340http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCN-khYzpkMkCFQUXHgodx8sHPA&url=http://etfdailynews.com/2015/10/01/chesapeake-energy-corporation-chk-natural-gas-sends-the-stock-price-lower/&psig=AFQjCNHGGp2S9N4YQJ9a-1qzRDdk8HCJeQ&ust=1447621658190340http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCLbMu_fpkMkCFYq2Hgodd50I6w&url=http://www.abc.net.au/environment/articles/2013/07/01/3788497.htm&psig=AFQjCNHGGp2S9N4YQJ9a-1qzRDdk8HCJeQ&ust=1447621658190340
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    Jcon Acgbhbrb | 3000-4;7>jacgbhbrbKsdaibralndm.gbj

    Tunstcbas

    http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCLbMu_fpkMkCFYq2Hgodd50I6w&url=http://www.abc.net.au/environment/articles/2013/07/01/3788497.htm&psig=AFQjCNHGGp2S9N4YQJ9a-1qzRDdk8HCJeQ&ust=1447621658190340http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCN-khYzpkMkCFQUXHgodx8sHPA&url=http://etfdailynews.com/2015/10/01/chesapeake-energy-corporation-chk-natural-gas-sends-the-stock-price-lower/&psig=AFQjCNHGGp2S9N4YQJ9a-1qzRDdk8HCJeQ&ust=1447621658190340http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCN-khYzpkMkCFQUXHgodx8sHPA&url=http://etfdailynews.com/2015/10/01/chesapeake-energy-corporation-chk-natural-gas-sends-the-stock-price-lower/&psig=AFQjCNHGGp2S9N4YQJ9a-1qzRDdk8HCJeQ&ust=1447621658190340http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCLbMu_fpkMkCFYq2Hgodd50I6w&url=http://www.abc.net.au/environment/articles/2013/07/01/3788497.htm&psig=AFQjCNHGGp2S9N4YQJ9a-1qzRDdk8HCJeQ&ust=1447621658190340
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    Edgo Onawbrtly

    Gb-fbuamnr dam Glcnf Nxngutcvn BffcgnrNbhcda Ynanwdihn Nanr`y

    Navcrbajnatdh Iuscanss Gbuagch bf Anw Na`hdam

    Nanr`y Navcrbajnat Ngbabjy

    ]ln Futurn bf Pcam [bwnr

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    D Mcf fnrnat Ocam bf Nanr`y Gbj pday

    ]ln Futurn bf Pcam [bwnr ca Anw Ldjpslcrn

    NIG Anw Ldjpslcrn

    Abvnjinr 9;tl, 9;4>

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    D Mcf fnrnat Ocam bf Nanr`y Gbj pday

    Pcam Nanr`y ca tln ^W

    Hdr`nst anw sburgn bf nanr`y ca tln ^W ca 9;4=

    Pcam rnprnsnatnm 9,;;; JP castdhhnm ds bf 49/74/4= dam 47,;;; JP uamnr gbastrugtcba ca 9;4>

    Pcam camustry suppbrts bvnr >;,;;; wnhh pdyca` ebis ca =7 stdtns dam pdys bvnr$4 ^W wcam [[D wds $97.>;/JPl? ca ANwcam cs trdasdgtca` dt intwnna $0>-/JPl)

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    D Mcf fnrnat Ocam bf Nanr`y Gbj pday

    Pcam Nanr`y ca AL

    ]lrnn hdr`n wcam prbengts castdhhnm dam bpnrdtca`5 Hnjpstnr (9= JP), @rdactnYnhcdihn (33 JP) dam @rbtba (=< JP). Enrcglb Pcam uamnr gbastrugtcba (4=.9>JP)

    Castdhhnm wcam ca AL gurrnathy dvbcms ~ 9;;,;;; tbas bf GB9 njcsscbas ndglyndr (~ =4,;;; gdrs wbrtl) dam sdvns dibut 4;;J `dhhbas bf frnsl wdtnr ndglyndr

    9;;

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    ^W dhjbst ruas butbf stbrd`n fbr wcatnr

    Lurrcgdan Odtrcad

    @hbidh Nanr`y Wpcon

    Yngbrm GbhmAbrtlndst Pcatnr

    4 lttp5//dwnd.fchns.gjs-phus.gbj/DPND%9;Gbhm%9;Wadp%9;Ynpbrt%9;Fcadh%9;-

    %9;Edaudry%9;9;4>.pmf

    Pctl znrb funh gbsts, wcam nanr`y prbvcmns hba`-tnrj, stdihn prcgca` tb lnhp jctc`dtn nanr`yprcgn swca`s tldt lurt rdtnpdynrs

    Adturdh `ds prcgns drn hbw rc`lt abw, iut adturdh `ds cs d lc`lhy vbhdtchn gbjjbmcty ds snnaca tln jday vcbhnat prcgn spcons. ]ln hdst prcgn spcon wds ca Pcatnr 9;4=

    Pcam nanr`y sdvnm rdtn pdynrs ca tln Jcm-Dthdatcg $4ichhcba ca Pcatnr 9;4= dhban4

    Inanfcts bf Pcam Nanr`y

    http://awea.files.cms-plus.com/AWEA%20Cold%20Snap%20Report%20Final%20-%20January%202015.pdfhttp://awea.files.cms-plus.com/AWEA%20Cold%20Snap%20Report%20Final%20-%20January%202015.pdfhttp://awea.files.cms-plus.com/AWEA%20Cold%20Snap%20Report%20Final%20-%20January%202015.pdfhttp://awea.files.cms-plus.com/AWEA%20Cold%20Snap%20Report%20Final%20-%20January%202015.pdfhttp://awea.files.cms-plus.com/AWEA%20Cold%20Snap%20Report%20Final%20-%20January%202015.pdfhttp://awea.files.cms-plus.com/AWEA%20Cold%20Snap%20Report%20Final%20-%20January%202015.pdfhttp://awea.files.cms-plus.com/AWEA%20Cold%20Snap%20Report%20Final%20-%20January%202015.pdfhttp://awea.files.cms-plus.com/AWEA%20Cold%20Snap%20Report%20Final%20-%20January%202015.pdfhttp://awea.files.cms-plus.com/AWEA%20Cold%20Snap%20Report%20Final%20-%20January%202015.pdfhttp://awea.files.cms-plus.com/AWEA%20Cold%20Snap%20Report%20Final%20-%20January%202015.pdf
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    Hnvnhcznm Gbst bf Nanr`y (HGBN)gbjpdrns nanrdtcba tnglabhb`cnstdoca` catb dggbuat dhh gbsts damnffcgcnagcns.

    Pcam cs shc`lthy glndpnr tlda tlnjbst nffcgcnat tnglabhb`y ca tlnjdxcjuj gdsn4.

    Pcam cs jbrn gbst nffngtcvn tlda daybtlnr rnanwdihn tnglabhb`y

    Abt surprcsca` tldt 9yndrs lds inna Pcam.

    4 Jdxcjuj gdsn cs dpprbprcdtn ds ct tdons catb dggbuatibtl lc`lnr gbastrugtcba gbsts dam lc`lnr funh gbsts caAnw Na`hdam

    Wburgn5 NCD. Dadhyscs nxghumns inanfcts frbj [rbmugtcba ]dx Grnmct dam Y[W.

    Inanfcts bf Pcam Nanr`y

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    D Mcf fnrnat Ocam bf Nanr`y Gbj pday

    ]rnams ca ]urican ]nglabhb`y

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    D Mcf fnrnat Ocam bf Nanr`y Gbj pday

    Pcam cs d jdturn tnglabhb`y tldt rnprnsnats d sc`acfcgdat

    bppbrtuacty tb jnnt rn`cbadh dam adtcbadh ghnda nanr`y `bdhs wlchn

    sdvca` rdtnpdynrs jbany

    Pcam Nanr`y ca tln ^W

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    D Mcf fnrnat Ocam bf Nanr`y Gbj pday

    Wctca`5

    Hdst wcam prbengt suijcttnm fbr rnvcnw wds mnnjnm cagbjphntn dam

    suisnqunathy wctlmrdwa (Pchm Jndmbws)

    [rnvcbus wcam prbengt wds mnacnm mun tb dnstlntcg gbagnras (Datrcj

    Pcam)

    Eurcsmcgtcbadh lndrca`s ba rnvcsnm Datrcj [rbengt tbbo 4; jbatls ^agnrtdcaty drbuam anw sctca` ruhns mcssudmns cavnstjnat

    Anw WNG strugturn hndvns jday prbihnjs uafcxnmpnrjcttca` wcam ca AL

    cs nxtrdbrmcadrchy nxpnascvn, tcjn gbasujca` dam uagnrtdca

    Gldhhna`ns tb @rbwtl ca AL

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    D Mcf fnrnat Ocam bf Nanr`y Gbj pday

    Gdsn Wtumy5 Datrcj Pcam

    Datrcj Pcam Nanr`y (DPN) cs d 9

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    D Mcf fnrnat Ocam bf Nanr`y Gbj pday

    ]ln hbgdh ghnda nanr`y `nanrdtnm iy tln Datrcj Pcam [rbengt wchh irca` sc`acfcgdat lndhtl,

    ngbabjcg dam ghcjdtn inanfcts tb Anw Ldjpslcrn.

    >=,;;; tbas bf GB9 dvbcmnm daaudhhy (9ichhcba pbuams ca 9; yrs) dam 47< tbas/yr bfWBx, ABx, GL= dam pdrtcguhdtns dvbcmnm

    Ghnda nanr`y butput fbr 49,7;; AnwLdjpslcrn lbjns

    Nqucvdhnat bf 3,0>; pdssna`nr vnlcghnsrnjbvnm frbj tln rbdm

    46,;;;,;;; `dhhbas bf frnsl wdtnr sdvnmnvnry yndr

    Gdsn Wtumy5 Datrcj Pcam

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    D Mcf fnrnat Ocam bf Nanr`y Gbj pday

    Anw Ldjpslcrns Glbcgn

    Anw Ldjpslcrn gda fuhhy pdrtcgcpdtn frbjsc`acfcgdat cavnstjnats ca anw wcam `rbwtl catln stdtn, br ct gda jcss tlcs lcstbrcgbppbrtuacty

    Anw Ldjpslcrn wbuhm inanfct sc`acfcgdathyfrbj dmmctcbadh `rcm-sgdhn wcam mnvnhbpjnat

    ca tln stdtnwlcgl irca`s ghnda nanr`yinanfcts, ngbabjcg mnvnhbpjnat inanfctsdam nanr`y prcgn inanfcts tb rdtnpdynrs

    Ca brmnr tb prbjbtn cavnstjnat, tln Wtdtnannms tb snam d mcffnrnat sc`adh tbmnvnhbpnrs iy cjprbvca` tln sctca` prbgnss,jdcatdcaca` br cagrndsca` Y[W `bdhs damdmvbgdtca` fbr anw ghnda nanr`y cavnstjnat

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    D Mcf fnrnat Ocam bf Nanr`y Gbj pday

    Gbatdgt5

    Edgo Onawbrtly

    Glcnf Nxngutcvn Bffcgnr

    4>> Fhnnt Wtrnnt

    [brtsjbutl, AL ;70;-=

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    Navcrbajnatdh Iuscanss Gbuagch bf Anw Na`hdam

    Nanr`y Navcrbajnat Ngbabjy

    Antwbroca` Irndo

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    Odtn NpsnaNxngutcvn Mcrngtbr

    AL Wustdcadihn Nanr`y Dssbgcdtcba

    Enff Ldymbgo

    [rnscmnat & GNB

    ngbGFB

    Navcrbajnatdh Iuscanss Gbuagch bf Anw Na`hdam

    Nanr`y Navcrbajnat Ngbabjy

    Hdr`n Wgdhn Wbhdr [bwnrca Anw Ldjpslcrn

    6

  • 7/24/2019 11-20-15 MASTER NH Energy Future

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    WBHDY NANY@S CA ANPLDJ[WLCYN

    [rnsnatnm tb5

    NIG-AN

    Abvnjinr 9;, 9;4>

    [rnsnatnm iy5

    Odtn Npsna, AL Ghnda]ngl Gbuagch

    Enff Ldymbgo, NgbGFB

    63

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    AL Wbhdr Mrcvnrs

    Gustbjnr Nanr`y @bdhs dam Annms

    [rbengt Gbsts

    Wctn Gbascmnrdtcbas

    Fcadagca` Jbmnhs

    Ant Jntnrca`

    @rdats & Ynidtns

    Ynanwdihn [brtfbhcb Wtdamdrm

    Fnmnrdh ]dx Cagnatcvns

    0;

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    Gustbjnr @bdhs & Annms

    Gustbjnr Nanr`y @bdhs dam Annms

    Gbst gbatrbh

    Navcrbajnatdh `bdhs

    [Y

    ]dx sdvca`s

    Nanr`y usn dam hbdm prbfchn

    04

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    [rbengt Gbsts

    Wbhdr gbsts ldvn gbjn mbwa bvnr >;% bvnr tlnpdst 0 yndrs

    $9.;;-$7.;; pnr castdhhnm Pdtt

    Jday gbst gbascmnrdtcbas drn sctn mnpnamnat

    Ybbf-jbuatnm (iuchmca` catn`rcty)

    @rbuam-Jbuatnm

    Catnrgbaangtcba gbsts

    09

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    Wctn Gbascmnrdtcbas

    Oabw ybur bptcbas Juac/Gbuaty Pdstnwdtnr trndtjnat fdgchctcns, gdppnm

    hdamfchhs, btlnr irbwafcnhms, rbbftbps, sglbbhs, ntg.

    Wpngcdh tnglacgdh gbascmnrdtcbas fbr gdppnm hdamfchhs

    Oabw ybur nxpbsurn

    Oabw ybur anc`librs

    07

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    Fcadagca` bptcbas

    Idhdagn slnnt fcadagca`

    [bwnr [urgldsn D`rnnjnat

    Hndsca`

    0=

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    [bhcgy Hdamsgdpn

    0>

  • 7/24/2019 11-20-15 MASTER NH Energy Future

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    Ant Jntnrca`

    4 Jn`dwdtt DG prbengt sczn gdp, stdtnwcmn

    ]btdh gdp bf >; JPs stdtnwcmn

    Dpprbxcjdtnhy 9% bf hbdm

    ]ln Gdp cs wctlca rndgl

    Hcinrty ^tchctcns (=.9JP), ALNG (7.4 JP) lct gdps

    ^actch5 6.9 JP gdp, 9 JP bahcan br pnamca`

    Euhy >tlMdtd

    Nvnrsburgn5 76.>> JP gdp, 4=.7> bahcan, 4;.9 pnamca`, 4;

    JP prnhcjcadry : 79.6JP ca Tunun Wnptnjinr 9amMdtd

    06

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    Inlcam tln Jntnr

    Castdhh sca`hn prbengt ba sca`hn jntnr

    Hbdm ba tldt jntnr

    [bwnr `nanrdtnm bffsnts gbasujptcba ba tldtjntnr

    Nxgnss `nanrdtcba grnmctnm ba futurn ichhs

    Dpphcgdtcbas5

    ba-sctn dt iuscanss

    Wctn just in fndscihn dam ldvn hbdm

    00

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    @rbup / Vcrtudh Ant Jntnrca`

    Castdhh d prbengt ba ban jntnr (hbdm br abt)

    Dhhbgdtn pbwnr tb juhtcphn jntnrs/dggbuats

    Wdjn utchcty tnrrctbry

    ]lbsn dggbuat lbhmnrs rngncvn inanfct

    Dpphcgdtcbas5

    Ynscmnatcdh anc`librlbbms, Juacgcpdhctcns, Iuscanss wctljuhtcphn hbgdtcbas, ntg.

    Jdsscvn `rbwtl ca tlcs sn`jnat

    [rcjdry Inanfcts Dggbuat lbhmnr mbnsat annm fndscihn sctn

    Dggbuat lbhmnr sldrns br natcrnhy dvbcms castdhhdtcba gbst

    0

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    HNN[D

    YWD 769-D

    [^G Mbgont MN 4>-;6; pnr wdtt, jdx $9,>;; br 7;% bf systnj

    gbst

    Eust rnmugnm ca Wnptnjinr. Nffngtcvn Bgtbinr 9am.

    Gbjjnrgcdh & Camustrcdh (G&C)5 Gdtn`bry 45 hnss tlda 4;; oP DG

    $;.0> pnr wdtt up tb 9>% bf systnj gbst

    Gdtn`bry 95 4;; >;; oP DG

    $;.6> pnr wdtt up tb 9>% bf systnj gbst

    [rb`rdj gurrnathy GHBWNM mun tb fuamca`

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    @rdats & Ynidtns

    ^WMD Yurdh Mnvnhbpjnat (YM) Yurdh Nanr`y fbrDjnrcgd [rb`rdj (YND[) @rdat

    D`rcguhturdh iuscanss wctl >;% br jbrn bf cagbjn frbj D`bpnrdtcbas

    Wjdhh iuscanss ca nhc`cihn rurdh drnd (jbst bf AL) Ynanwdihn Nanr`y & Nanr`y Nffcgcnagy ^p`rdmns

    Hbda @udrdatnns up tb 0>% bf prbengt gbst

    @rdats up tb $>;;o br 9>% bf prbengt gbst

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    Ynanwdihn [brtfbhcb Wtdamdrm (Y[W)

    Catnamnm tb mcvnrscfy `nanrdtcba sburgns bf utchctcnstb cagbrpbrdtn Ynanwdihns

    ^tchctcns jnnt spngcfcg Gbjphcdagn Bihc`dtcba (GB)bf rnanwdihns ca tlncr pbrtfbhcb ds % bf hbdm

    Cavnst dam bwa rnanwdihns tlnjsnhvns, br

    Iuy Ynanwdihn Nanr`y Gnrtcfcgdtns (YNGs)`nanrdtnm iy btlnr systnjs

    4,;;; oPl : 4 YNG.

    Jdront vdhun idsnm ba Wupphy. GB : Mnjdam.

    AL, JD, G] ldvn vcdihn Y[W. Gda snhh dgrbss stdtnhcans.

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    Fnmnrdh ]dx Cagnatcvns

    Cavnstjnat ]dx Grnmct (C]G) wbrtl 7;% bf prbengt Wnt tb nxpcrn ba 49/74/9;46

    > Sndr JDGYW (Dggnhnrdtnm Mnprngcdtcba)

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    [rbengt Nxdjphns

    Fdvbrctn Fbbms, Wbjnrswbrtl AL

    ]bwa bf [ntnribrbu`l

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    Tunstcbas2

    Odtn Npsna

    Nxngutcvn Mcrngtbr

    ALGhnda]ngl Gbuagch-ALWND

    Enff Ldymbgo

    [rnscmnat & GNB

    ngbGFB

    EnffKngbgfb.gbj

    odtnKalsnd.br`

    [danh Mcsgusscba

    mailto:[email protected]:[email protected]:[email protected]:[email protected]://www.ecocfo.com/
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    Navcrbajnatdh Iuscanss Gbuagch bf Anw Na`hdam

    Nanr`y Navcrbajnat Ngbabjy

    [danh Mcsgusscba

    Jbmnrdtbr5Enaacfnr Yuayba

    Ynanwdihn Nanr`y Pbrhm

    [danhcsts

    Idrry Annmhnjda, JgHdan Jcmmhntba

    Jcgldnh Acgbhbrb, Wdaibra, Lndm & Dssbgcdtns, Cag. Edgo Onawbrtly, Nbhcda Ynanwdihn Nanr`y

    Odtn Npsna, AL Wustdcadihn Nanr`y Dssbgcdtcba

    Enff Ldymbgo, ngbGFB

    NIG Anw Ldjpslcrn Gldptnr [rb`rdj

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    p p `Anw Ldjpslcrns Nvbhvca` Nanr`y Futurn