The organization responsible for North American electric reliability warned energy shortfalls were possible this summer in California, Texas, New England and the Central United States based on above-normal temperature forecasts Continue Reading
The Electric Reliability Council of Texas (ERCOT) tried to prevent blackouts during the winter storm by paying large industrial users to cut power consumption, but the program to save electricity Continue Reading
As a winter storm attacked Texas in February, the state’s grid operator made a last-ditch attempt to avert mass blackouts. The move ended up constraining natural-gas supplies needed by power plants, Continue Reading
February’s freeze and blackouts cut the state’s natural gas production by more than a third from normal levels during the weeklong storm event. Energy Transfer LP emerged as one of Continue Reading
Energy Transfer swung to a massive first-quarter profit from a year-ago loss as the midstream operator was able to keep strategically located pipelines and storage assets working during the Texas Continue Reading
Natural gas suppliers, pipeline companies and banks that trade commodities have emerged as the biggest market winners from February’s U.S. winter blast that roiled gas and power markets, according to Continue Reading
U.S. electricity consumption is recovering from the lows seen during the peak of the pandemic last year, but a full recovery to the 2019 levels will only be seen next Continue Reading
Texas moved to ban retail electricity providers from offering the kinds of plans that led to astronomical power bills for customers during February’s energy crisis. Legislation passed by the state Senate Thursday Continue Reading
The White House hopes to capitalize on growing support from U.S. utilities, unions and green groups for a national clean energy mandate by backing efforts to require the U.S. grid Continue Reading
Two months on from the winter freeze that paralyzed Texas and sent electricity and gas prices soaring, another big winner has emerged. BP Plc said Tuesday its gas trading unit had Continue Reading
