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
Bipartisan infrastructure support possible US-China climate support mutually beneficial A call for US firms to push Congress harder on climate The US is pushing its climate agenda forward under the Continue Reading
Highlights Some have blamed equipment freeze-offs Fallout has spurred market reforms Power outages forced most of the US’ upstream and midstream natural gas industry’s curtailments and shutdowns during the February Continue Reading
When that big freeze hit Texas in February, the Lone Star State couldn’t help but share its pain. With its ill-equipped natural gas systems clocked by the cold, Texas’s exports across Continue Reading
Kinder Morgan Inc. surprised investors with a $1 billion dollar windfall from the historic winter storm that crippled Texas and boosted natural gas and power prices. The deadly mid-February storm Continue Reading
Highlights Revokes Trump ban on China-linked equipment Kicks off 100-day plan to modernize utility cyber defenses Seeks comments on long-term strategy, future prohibitions The Department of Energy April 20 launched Continue Reading
A new kind of power plant that doesn’t add greenhouse gases to the atmosphere is being built in the U.S., potentially providing a way for utilities to keep burning natural Continue Reading
When the temperature dipped to 9 degrees inside his Austin mobile home, Laron Limuel took to sleeping in his Kia Optima sedan to try to stay warm. After days without Continue Reading
Two months after blackouts paralyzed Texas, most of the people who participate in the state’s 19-year-old electricity market, including producers, sellers and traders, share a similar view. The freeze wasn’t Continue Reading
. It didn’t take a heat wave or freak winter storm this time to raise the specter of rolling blackouts in Texas. All it took was a mild spring day. Continue Reading
Another bout of power supply shortages hit Texas this week amid power plant maintenance season, prompting the Electric Reliability Council of Texas to call on Texans to conserve energy. However, Continue Reading
Texas came uncomfortably close to another round of rolling blackouts Tuesday night because grid operators misjudged the weather. The Electric Reliability Council of Texas, which manages most of the state’s grid, Continue Reading
The Texas grid operator is warning of tight power supplies as a cold front moving through the state is limiting wind and solar production while generating units are down for Continue Reading
The massive natural-gas bills incurred during the Texas freeze have kicked off a spate of lawsuits around the country as companies argue over who is responsible for the tab. At least 30 Continue Reading
It would require the owners of all power generators, transmission lines, natural gas facilities and pipelines to protect their facilities against extreme weather. (Bloomberg) — The Texas Senate passed a Continue Reading
A move in Texas to wipe out more than $4 billion in electricity overcharges from last month’s devastating blackouts appears dead in the water after deeply divided lawmakers left town Continue Reading
Sign up for The Brief , our daily newsletter that keeps readers up to speed on the most essential Texas news. Public Utility Commission Chair Arthur D’Andrea, the only remaining Continue Reading
Texas power retailer Griddy Energy LLC filed for bankruptcy Monday, becoming the latest casualty of the powerful cold blast and sweeping blackouts that pushed electricity prices to historic levels. The company, Continue Reading
Fallout from last month’s deadly deep freeze in Texas has quietly spread to people living hundreds of miles away. Minnesota utilities have warned that monthly heating bills could spike by Continue Reading
As oil and gas majors surprisingly stand to profit in the long-term from the Texas storm last month, several regulators emerge largely unscathed. In the wake of the severe winter Continue Reading
For the biggest power companies in Texas, what doesn’t kill them might actually help them emerge stronger. Large players in the Texas power market such as Vistra Energy, NRG Energy NRG 4.47% and Exelon EXC 2.65% have all Continue Reading
The Public Utility Commission of Texas has rejected a proposal to retroactively reverse the market pricing for electricity that resulted in ERCOT overcharging the Texas electricity market by US$16 billion Continue Reading
Texas regulators declined to rescind $16 billion in alleged overcharges for electricity during last month’s blackouts, leaving the state’s power market facing a potential financial crisis. Decisions were made about Continue Reading
Texas regulators declined March 5 to order the Electric Reliability Council of Texas to reprice real-time prices, from mid-night Feb. 18 through 9 am CT Feb. 19, that resulted in Continue Reading
Energy storage flexibility allows the technology to participate in multiple US power markets, with regional electricity costs, incentives, geography, and state-level mandates currently acting as growth drivers, market participants said Continue Reading
An independent market monitor said the Texas power-grid operator made a critical mistake that resulted in $16 billion in electricity overcharges last month, and recommended that the charges be reversed. The Continue Reading
Energy Secretary Jennifer Granholm on Wednesday called for Texas to weatherize its grid and said the state should consider connecting to grids beyond its borders following last month’s winter storm Continue Reading
The blame game for the massive power outages in Texas last month continues. The dominant argument is that renewables had an ignorable part to play in the crisis, with natural Continue Reading
Power retailer Entrust Energy Inc. became the second electricity seller to be barred from Texas’s power market for failing to make payments after last month’s energy crisis. The Electric Reliability Council of Continue Reading
Unless you’ve been living under a rock for the last few weeks, you’ve most likely been inundated with all kinds of new stories and finger-pointing social media diatribes about Texas’ Continue Reading
Texas’s grid operator needs to come up with $1.3 billion to pay power plants for the energy they supplied during last week’s historic blackouts, raising the prospect it may require Continue Reading
Griddy Energy LLC, a Texas retail electricity provider that came under fire after its customers received exorbitant power bills during the energy crisis last week, was barred from participating in Continue Reading
The “chicken-and-egg” problem of getting power to natural gas production and transportation facilities using electricity from generators that could not get sufficient natural gas was the “commonsense” issue that infuriated Continue Reading
Hill sees path for FERC to aid state climate leadership LaFleur skeptical FERC can revive backstop siting authority A new Center on Global Energy Policy-hosted “Straight Talk” discussion series tackled Continue Reading
Almost half of Electric Reliability Council of Texas generation capacity – 52.3 GW in all — was forced out at the highest point during the winter storm starting Feb. 14, Continue Reading
All four unaffiliated Electric Reliability Council of Texas board members on Feb. 23 notified the Public Utility Commission of Texas of their plans to resign their seats at the end Continue Reading
As Electric Reliability Council of Texas real-time prices averaged less than $20/MWh Feb. 22, state officials have forestalled disconnections for nonpayment and started investigating last week’s winter storm-induced energy emergency, Continue Reading
In Spring, Texas, about 20 miles (32 km) north of Houston, Akilah Scott-Amos is staring down a more than $11,000 electric bill for this month, a far cry from her Continue Reading
Now that the lights are back on in Texas, the state has to figure out who’s going to pay for the energy crisis that plunged millions into darkness last week. Continue Reading
The millions of people who struggled to keep warm in Texas, with blackouts crippling life inside a dominant energy hub, have laid bare the desperate state of U.S. electricity grids. To fix nationwide vulnerabilities, President Joe Biden Continue Reading
Texas utility regulators will temporarily ban power companies from billing customers or disconnecting them for non-payment, after the deadly winter storm that caused widespread blackouts, Governor Greg Abbott said on Continue Reading
