Houston (Platts)--7Nov2012/834 pm EST/134 GMT

Surging natural gas prices coupled with the threat from a nor'easter was causing real-time electricity prices to soar Wednesday in New England.

At 2:30 p.m. EST Wednesday, the Mass Hub price was $131.14/MWh, up from $46.15/MWh at the same time Tuesday.

Meanwhile, spot gas at Tennessee-Zone 6 was trading around $8.68/MMBtu on IntercontinentalExchange, up about 84 cents from Tuesday.

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Mass Hub day-ahead on-peak power for Thursday delivery traded around $77/MWh Wednesday afternoon on ICE, up about $8 from Tuesday prices.

The nor'easter is expected to bring heavy rain, wind and snow showers to portions of the Northeast on Wednesday and Thursday.

"In preparation for the nor'easter, ISO New England has engaged in conference calls with the Northeast Power Coordinating Council and the New England local control centers," ISO spokeswoman Marcia Blomberg said. "We are also bringing in additional control room staff this evening."

--Allan Schilling, allan_schilling@platts.com
--Edited by Jason Lindquist, jason_lindquist@platts.com

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