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Power Outages Main Cause of Oil, Gas Shut-Ins: Texas Update

Power Outages Main Cause of Oil, Gas Shut-Ins Bloomberg 2/26/2021 Naureen S. Malik, Joe Carroll, David Wethe and Mark Chediak (Bloomberg) Texas lawmakers’ attempt to understand why the state’s power system failed last week yielded plenty of blame but few clear answers on how to prevent a similar crisis in the future. Popular Searches In two marathon hearings, lawmakers grilled the state’s biggest power providers, its grid operator and regulators about the blackouts that left more than four million homes and businesses without heat, light and water during a deep winter freeze. Executives from Calpine Corp., Vistra Corp. and NRG Energy Inc. blamed natural gas-supply shortages, grid disturbances and a lack of communication from the grid operator known as Ercot. Ercot, meanwhile, said it simply followed the rules and direction set by the Public Utility Commission which, in turn, said it lacked authority to tell Ercot what to do.

United statesComanche peakMauricio gutierrezErcot vistraDeann walkerCalpine hillErcot magnessBrandon creightonCurt morganChristi craddickThad hillKenny mercadoVistra morganJustin sullivan gettyPublic utility commissionVistra corp

Power Retailers Want to Roll Back $9,000 Price Cap: Texas Update

Ercot Still Short $1.3 Billion in Energy Payments: Texas Update Bloomberg 2/26/2021 Mark Chediak, David Wethe, Joe Carroll and Naureen S. Malik (Bloomberg) A second day of marathon hearings on Texas’s unprecedented energy crisis raised concerns about the liquidity of the state’s power market, and who will ultimately pay for the disaster as some companies face bankruptcy. Several utilities told Texas lawmakers Friday that they were still awaiting payment from the grid operator, known as Ercot, for power they provided during the grid emergency, with at least one worrying whether they would be paid at all. As the hearings continued into the evening, Ercot issued a notice saying they remain $1.3 billion short of what they need to pay generators, due to nonpayment from other market participants.

United statesColorado riverDeann walkerMichael fallquistMike kezarJoe bidenPhil wilsonCathy webkingTerry naultyChristi craddickClifton karneiAllen nyeTom hancockTexas energy association for marketersPublic utility commissionLower colorado river authority

Utility Burned Mesquite to Prevent Freezing: Texas Update

Ercot Still Short $1.3 Billion in Energy Payments: Texas Update Bloomberg 2/26/2021 Mark Chediak, David Wethe, Joe Carroll and Naureen S. Malik (Bloomberg) A second day of marathon hearings on Texas’s unprecedented energy crisis raised concerns about the liquidity of the state’s power market, and who will ultimately pay for the disaster as some companies face bankruptcy. Several utilities told Texas lawmakers Friday that they were still awaiting payment from the grid operator, known as Ercot, for power they provided during the grid emergency, with at least one worrying whether they would be paid at all. As the hearings continued into the evening, Ercot issued a notice saying they remain $1.3 billion short of what they need to pay generators, due to nonpayment from other market participants.

United statesColorado riverDeann walkerMike kezarJoe bidenPhil wilsonBrandon creightonTerry naultyChristi craddickClifton karneiAllen nyeTom hancockPublic utility commissionVistra corpLower colorado river authorityCalpine corp

Power Outages Main Cause of Oil, Gas Shut-Ins

Power Outages Main Cause of Oil, Gas Shut-Ins
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

United statesComanche peakMauricio gutierrezErcot vistraDeann walkerCalpine hillErcot magnessBrandon creightonCurt morganChristi craddickThad hillKenny mercadoVistra morganJustin sullivan gettyPublic utility commissionVistra corp

Power Retailers Want to Roll Back $9,000 Price Cap: Texas Update

Power Retailers Want to Roll Back $9,000 Price Cap: Texas Update
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

United statesColorado riverDeann walkerMichael fallquistMike kezarJoe bidenPhil wilsonCathy webkingTerry naultyChristi craddickClifton karneiAllen nyeTom hancockTexas energy association for marketersPublic utility commissionLower colorado river authority