RE:Bullish Fact - Net Summer CapacityAll valid points and adding to those, being currently 300 to 350bcf below the 1 and 5 yr eia averages then the recent accumulation of 77 or so Bcf per week wud mean that by Jul4 underground storage wud be about same differential versus those averages..
Data I find is not all that current but gas-fired hydro was seen to 31% or so in 2019 in Canada (statscan) and 38% (and the largest source) in USA(eia). Current news seems to confirm an upward bias although probably affected by renewables since 2019.
Indicaative AECO futures point to a continuance of hogh natgas prices for all of 2022 well into 2023, easily exceeding average proces received by like of PNE in the past 3 qtrs.