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Wind operators suffer $4bn hit in Texas cold snap

Wind operators suffer $4bn hit in Texas cold snap
The average financial impact across all wind farms analysed in the study was $44.4m, with the highest hit for one project being $172.5m
by Craig Richard
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Texas ice snap 'led to $4bn wind financial losses' - reNews

Renewables consultancy ArcVera has produced a study that reveals the recent bout of cold weather in Texas earlier this year led to over $4bn in financial losses for wind farms in the state.
The “ERCOT Market Cold Weather Failure 10-19 February 2021: Wind Energy Financial Losses and Corrective Actions” study points to shortcomings in the hedged financial structures, with “asymmetric price risk leading to significant losses for wind farm operators and gains for counterparties”.
The study is focused on wind farm outages reported by the Electric Reliability Council of Texas (ERCOT) grid operator for the period 14-19 February 2021, when the grid experienced extensive wind farm downtime, lost energy production, and high hub-settled electricity prices. ....

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Editorial: Gov. DeWine, Ohioans need an advocate on PUCO

Editorial: Gov. DeWine, Ohioans need an advocate on PUCO
The Columbus Dispatch
Gov. Mike DeWine has a lot of good reasons to appoint someone to the Public Utilities Commission of Ohio who is free of any financial ties to the utility corporations the PUCO is charged with regulating. The most important reason is because that’s what Ohioans deserve: commission members who can be expected to look out for their interests rather than those of the utilities.
We sympathize with those consumer advocates who are unhappy that DeWine on Jan. 20 rejected all four candidates proposed for a PUCO opening by the agency s Nominating Council. The Ohio Consumers’ Counsel, the left-leaning policy group ProgressOhio, and the Ohio Consumer Power Alliance all said that two of the candidates on the rejected list would have been good choices. ....

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DeWine rejects list of nominees for Ohio utility commission

DeWine rejects list of nominees for Ohio utility commission
By JULIE CARR SMYTH and MARK GILLISPIEJanuary 20, 2021 GMT
COLUMBUS, Ohio (AP) Ohio Gov. Mike DeWine faced swift criticism from consumer advocates Wednesday after he rejected the entire slate of candidates nominated to replace a former top state utility regulator tainted by a $60 million federal bribery investigation and requested a new list.
In a letter to the chair of the Public Utilities Commission of Ohio Nominating Council, the Republican governor said: “The list contained candidates who could be an appropriate addition to the PUCO. However, I would like to consider additional capable candidates before making my appointment to the vacancy.” ....

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DeWine rejects list of nominees for Ohio utility commission | News, Sports, Jobs

The Associated Press
COLUMBUS Ohio Gov. Mike DeWine faced swift criticism from consumer advocates Wednesday after he rejected the entire slate of candidates nominated to replace a former top state utility regulator tainted by a $60 million federal bribery investigation and requested a new list.
In a letter to the chair of the Public Utilities Commission of Ohio Nominating Council, the Republican governor said: “The list contained candidates who could be an appropriate addition to the PUCO. However, I would like to consider additional capable candidates before making my appointment to the vacancy.”
Four names were submitted to DeWine in December by the council as potential replacements for former PUCO Chair Sam Randazzo, who resigned Nov. 20. ....

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