| Figure 17. Spot Prices, November 1996-December 1997 |
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| Notes: PJM represents an area near the Pennsylvania, Ohio, and Maryland border where many power exchanges are made. Transco-Zone 6 represents the portion of Transco Pipeline Company from Northern Virginia to New York City. The heat rate used to convert the Transco-Zone 6 price to megawatthours (MWh) is 7.5 MMBtu per MWh. Sources: PJM: The McGraw-Hill Companies, Inc., Power Markets Week (various issues). Transco-Zone 6: Pasha Publications, Inc., Gas Daily (various issues). Differences: Energy Information Administration, Office of Oil and Gas, derived from The McGraw-Hill Companies, Inc., Power Markets Week, and Pasha Publications, Inc., Gas Daily. |