Tag Archives: energy

The Texas Tribune reports: An approximately $2.5 billion plan to bail out Texas’ distressed electricity market from the financial crisis caused by Winter Storm Uri in February was approved by the Texas House Thursday. The legislation would impose a fee — likely for the next decade or longer — on electricity companies, which would then get passed on to residential …

The Texas Tribune reports: A plan to help finance what will likely become mandatory power plant upgrades to withstand more extreme weather in the wake of the February power crisis received preliminary approval in the Texas House on Monday. The failure of power plants to produce power during very cold temperatures was a major cause of the February power outages …

The Washington Post reports: With its ill-equipped natural gas systems clocked by the cold, Texas’s exports across the Rio Grande froze up and 4.7 million customers in northern Mexico went without electricity — more than in Texas itself. The spot price of gas jumped 30-fold as far west as Southern California. And all the way up by the Canadian border, …

The Houston Chronicle reports: The Electric Reliability Council of Texas will argue that it has governmental immunity that protects it from the at least 35 lawsuits that have been filed against the operator after February’s disastrous winter storm which killed dozens of people and created millions of dollars of damages. “ERCOT has and will continue to assert that it is …

NBC News reports: As millions of Texans went without power for days during February’s devastating storm, Texas oil and gas regulators were circulating talking points from a noted climate skeptic blaming system failures on the state’s embrace of wind and solar energy, emails obtained by NBC News show. The talking points from Alex Epstein, author of “The Moral Case for …

The Texas Tribune reports: The Texas Senate on Monday unanimously approved a sweeping bill that would overhaul the state’s electricity industry and infrastructure, including mandating that power plants prepare for extreme weather and outlawing risky indexed retail electric plans. Senate Bill 3, filed by Republican state Sen. Charles Schwertner of Georgetown, now heads to the Texas House where its prospects …

The Associated Press reports: Texas officials on Thursday raised the death toll from February’s winter storm and blackouts to at least 111 people — nearly doubling the state’s initial tally following one of the worst power outages in U.S. history. The majority of the deaths are associated with hypothermia, according to the Texas Department of State Health Services. The number …

The Texas Tribune reports: Several bills responding to Texas’ February power outages — including one mandating that power plants prepare facilities for extreme weather and another reforming the Electric Reliability Council of Texas board — were advanced by the Texas House State Affairs Committee on Thursday. None addressed the price ERCOT set for wholesale electricity prices during the storm and …

Reuters reports: The third and last remaining commissioner of the Texas utilities regulator resigned under pressure on Tuesday after the release of comments to investors vowing to protect utility profits and dismissing financial hits from a cold snap on municipal power companies. The resignation came soon after the disclosure of inflammatory comments by the Public Utility Commission Chair Arthur D’Andrea …

The Texas Tribune reports: Texas’ utility regulator had an opportunity Friday to eliminate some of the $16 billion that the state’s grid operator erroneously overcharged power companies during last month’s deadly winter storm — but the board of the Public Utility Commission chose not to do so. Some Texas electricity customers could have benefited from a decision to readjust the …

The Texas Tribune reports: The Electric Reliability Council of Texas made a $16 billion error in pricing during the week of the winter storm that caused power outages across the state, according to a filing by its market monitor. Potomac Economics, the independent market monitor for the Public Utility Commission of Texas, which oversees ERCOT, wrote in a letter to …

The Texas Tribune reports: The board overseeing the Electric Reliability Council of Texas, the independent nonprofit entity that operates and manages the electricity grid that covers much of Texas, fired ERCOT CEO Bill Magness Wednesday night. The move by the board to vote in favor of a “60-day termination notice” came after they convened in a private executive session for …

The Texas Tribune reports: The chairwoman of the Public Utility Commission of Texas, the agency that regulates the state’s electric, telecommunication, and water and sewer utilities, resigned Monday, according to a resignation letter provided to the Texas Tribune. Lawmakers began to call on the commissioners to resign Thursday after hearing testimony from DeAnn Walker, who took little responsibility for the …

Reuters reports: Texas’s largest and oldest electric power cooperative on Monday filed for bankruptcy protection in federal court in Houston, citing a disputed $1.8 billion bill from the state’s grid operator. Brazos Electric Power Cooperative Inc is one of dozens of electricity providers facing enormous charges stemming from a severe cold snap last month. The fallout threatens utilities and power …

The Wall Street Journal reports: Nearly 20 years ago, Texas shifted from using full-service regulated utilities to generate power and deliver it to consumers. The state deregulated power generation, creating the system that failed last week. And it required nearly 60% of consumers to buy their electricity from one of many retail power companies, rather than a local utility. Those …

Reuters reports: Top directors of Texas’s electric grid operator, who faced sharp criticism from a massive failure of the state power system that left millions last week without light, heat, and water, resigned on Tuesday. The board’s chairman, vice chairman, two directors and a board nominee of the Electric Reliability Council of Texas (ERCOT), all of whom live outside of …

The Dallas Morning News reports: Texas power retailer Griddy is the target of a class action lawsuit filed in Houston state district court Monday alleging the company participated in price gouging after winter storm Uri cut power to millions across the state. The lawsuit was filed by a Chambers County resident Lisa Khoury whose electricity bill from the week of …

The Texas Tribune reports: Texas’ power grid was “seconds and minutes” away from a catastrophic failure that could have left Texans in the dark for months, officials with the entity that operates the grid said Thursday. As millions of customers throughout the state begin to have power restored after days of massive blackouts, officials with the Electric Reliability Council of …

Yahoo News reports: As Texas on Tuesday entered its third night with sub-freezing temperatures and 3.3 million customers without electricity, the operator of the state’s unique power grid, the Electric Reliability Council of Texas (ERCOT), urged Texans who still have electricity to turn off lights, unplug appliances, and turn down the thermostat. People without power took shelter elsewhere, if they …

Axios reports: Elizabeth Warren is out with new plans to speed up offshore wind projects, expand marine sanctuaries, and bolster use of oceans to soak up carbon emissions. Driving the news: Those are three pillars of the far wider “Blue New Deal” — a riff on the “Green New Deal” concept — on ocean policy that the Democratic White House …