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Texas Power Producers Get Grilled for Outages and Blame Gas


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.
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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. ....

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Texas Power Producers Blame Gas, Grid Operator for Outages


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.
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. ....

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Computer Glitch Necessitated $9,000 Energy Price: 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. ....

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Texas Power Crisis Moves Into Fourth Day With Millions in Dark


Texas Power Crisis Moves Into Fourth Day With Millions in Dark
Bloomberg
2/18/2021
Naureen S. Malik, Mark Chediak and Josh Saul
(Bloomberg) The crisis that has knocked out power to millions of homes and businesses in Texas and the central U.S. is poised to enter a fourth day, with millions still in the dark.
While Texas’s grid operator was able to restore power to 1.8 million homes Wednesday, 1.2 million remain without electricity, according to a spokesperson. That’s about 3.6 million people based on the size of the average household. Around 43 gigawatts of generation was still offline as of 6 p.m. local time enough to power 8.6 million homes. ....

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Winter Is Colder This Year and That's Good for Energy Prices


Winter Is Colder This Year and That’s Good for Energy Prices
Bloomberg
1/6/2021
Bloomberg News
(Bloomberg) Freezing weather that’s gripped large parts of the northern hemisphere is delivering a winter blessing for oil, gas and coal prices as suppliers meet a surge in heating demand.
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Temperatures across much of Europe and Asia are well below normal and forecasters expect them to stay there for most of January. The chill is supporting oil prices, which are holding above $50 a barrel, while the profit from turning crude into diesel climbed in Europe to the most since August in recent weeks as consumers many stuck working from home because of a resurgent virus burn more heating fuel. ....

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