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Cryptocurrency miners have their sights set on Texas due to competitive energy costs, tax subsidies, incentive programs and some city leaders who are favorable to their operations though they may ....
DME moving forward with new crypto center after Denton City Council gives go-ahead keranews.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from keranews.org Daily Mail and Mail on Sunday newspapers.
Publishing date: Feb 26, 2021 • February 27, 2021 • 3 minute read • Article content (Bloomberg) Texas’s grid operator needs to come up with $1.3 billion to pay power plants for energy they supplied during last week’s historic blackouts, raising the prospect it may require a state bailout. The Electric Reliability Council of Texas, which manages most of the state’s grid, said it’s still waiting on more than $2 billion in payments from retail power providers and others after a deep winter freeze caused energy prices to skyrocket. The grid operator, known as Ercot, managed to cover part of that debt by transferring $800 million in revenues from another market but remains $1.3 billion short, according to a notice. ....
TEXAS POWER GRID HEARINGS: Natural gas suppliers, power plants blame each other FacebookTwitterEmail 1of4 Lawmakers listen as Bill Magness, President and CEO of the Electric Reliability Council of Texas (ERCOT), testifies as the Committees on State Affairs and Energy Resources holds a joint public hearing to consider the factors that led to statewide electrical blackouts, Thursday, Feb. 25, 2021, in Austin, Texas. The hearings were the first in Texas since a blackout that was one of the worst in U.S. history, leaving more than 4 million customers without power and heat in subfreezing temperatures. (AP Photo/Eric Gay)Eric Gay, STF / Associated PressShow MoreShow Less ....
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. ....