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3 Mar, 2021 Author Nephele KirongSelene Balasta
This is an update to the continuing financial impacts tracker:
Electricity and natural gas companies continued to warn of potential financial exposure from the February arctic freeze that caused a grid crisis in Texas, with the independent market monitor of the state s grid operator flagging flaws in certain market transactions that occurred during the winter storm.
Brazos Electric Power Cooperative Inc., the oldest and largest generation and transmission power cooperative in Texas, declared Chapter 11 bankruptcy after receiving excessively high invoices from the Electric Reliability Council Of Texas Inc. which required payment within days.
CERAWeek arrives amid a season of upheaval
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Delegates attending the CERAWEEK energy conference gather for the first panel discussion of the symposium at the Hilton Americas Monday, March 5, 2012, in Houston. ( Brett Coomer / Houston Chronicle )Brett Coomer, Houston Chronicle / Houston ChronicleShow MoreShow Less
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Attendees to IHS Energy CERAWEEK arrive to the 35th annual energy conference at the Hilton Americas on Thursday, Feb. 25, 2016, in Houston. ( Brett Coomer / Houston Chronicle )Brett Coomer, Staff / Houston ChronicleShow MoreShow Less
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Attendants are silhouetted against on of the stage backdrops as they leave a session during the first day of CERAWeek by IHS Markit at the Hilton Americas-Houston hotel Monday, Mar. 11, 2019 in Houston, TX.Michael Wyke, Houston Chronicle / ContributorShow MoreShow Less
Texas lawmakers grill officials, regulators over winter storm train wreck spglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spglobal.com Daily Mail and Mail on Sunday newspapers.
Gas flows to US LNG plants recover as deep freeze ends
Feedgas deliveries to U.S. LNG export facilities rebounded sharply after the polar blast in Texas and other parts of the Southern U.S. that had disrupted flows to the Gulf Coast facilities.
Total U.S. deliveries had bottomed out at about 2.2 Bcf/d on Feb. 16, but by Feb. 21, the flows had reached about 7.9 Bcf/d, according to pipeline flow data from S&P Global Market Intelligence. The volume of deliveries Feb. 21 was the greatest in more than a week but remained below earlier flow levels that had exceeded 10 Bcf/d as recently as Feb. 8.
As Texas digs out, plans proceed to add 35 GW of solar, wind capacity to grid spglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spglobal.com Daily Mail and Mail on Sunday newspapers.