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State, Utilities Look at Costs and Lessons of Grid Emergency

State, Utilities Look at Costs and Lessons of Grid Emergency
arkansasbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arkansasbusiness.com Daily Mail and Mail on Sunday newspapers.

Minnesota utility working to ease burden from gas bills

Minnesota utility working to ease burden from gas bills Mar 17, 2021 2:15:pm Summary A state utility company said it was working to spread payments for consumers out to ease the burden from the February spike in natural gas prices. by: Daniel Graeber Utility company CenterPoint Energy, which caters to the Minnesota market, told a state regulator this week it was adjusting its payment protocol to lessen the impact of the February spike in n. Posted in:

PLWC board questions natural gas price jumps

Unprecedented electrical power demand the week of Feb. 15 has raised questions about the price spikes in natural gas to generate that power. As described at the Feb. 24 meeting of the Paragould Light, Water and Cable’s board of commissioners, costs of electricity ended up adding $5.7 million to PLWC’s expenses, which depleted more than half the utility’s stated $10 million in financial reserves. “This $5.7 million that [utility chief operations officer] Brett [Bradford] was talking about,” asked commissioner Kelly Wright, “who’s going to be the ultimate benefactor of that money?” “Ultimately,” Bradford replied, “the gas [companies are] what impacted the market.”

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