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ExxonMobil Increases Use of Renewable Diesel (Credit: Pixabay) Global Clean Energy Holdings, Inc and ExxonMobil have expanded their five-year agreement to increase ExxonMobil’s purchase of renewable diesel. Highlights include: Five-year agreement for ExxonMobil to purchase renewable diesel from Global Clean Energy’s Bakersfield biorefinery increases up to 5 million barrels per year Renewable fuel using Global Clean Energy’s patented camelina crop can significantly reduce greenhouse gas emissions Biorefinery startup on schedule for early 2022 ExxonMobil will be the exclusive buyer of renewable diesel produced from Global Clean Energy’s biorefinery in Bakersfield, California, which is on schedule to begin production in early 2022. The renewable diesel leverages Global Clean Energy’s patented camelina crop, which can significantly reduce life-cycle greenhouse gas emissions. ....
By Bob Smith, Sage President & CIO According to a recent letter written to the Texas Public Utility Commission (PUC) by Potomac Economics, the Electric Reliability Council of Texas (ERCOT) made a $16 billion error in pricing during the week of Winter Storm Uri. This reportedly occurred because the PUC directed the grid operator to set wholesale power prices at $9,000 per megawatt hour for two days during the storm the maximum market price allowed. Retail power providers then bought power from the wholesale market to deliver to consumers, because they were contractually obligated to do so. Because ERCOT failed to bring prices back down on time, those companies had to buy power in the market at extremely inflated prices. ....
ERCOT overcharged power companies $16 billion for electricity during winter freeze, firm says Mitchell Ferman, ERIN DOUGLAS, The Texas Tribune March 4, 2021 FacebookTwitterEmail ERCOT overcharged power companies $16 billion for electricity during winter freeze, firm says was first published by The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans and engages with them about public policy, politics, government and statewide issues. The Electric Reliability Council of Texas made a $16 billion error in pricing during the week of the winter storm that caused power outages across the state, according to a filing by its market monitor. Potomac Economics, the independent market monitor for the Public Utility Commission of Texas, which oversees ERCOT, wrote in a letter to the Public Utility Commission that ERCOT kept market prices for power too high for nearly two more days after widespread outages ended late Feb. 17. It should ....
The Public Utility Commission of Texas rejects reversing a $16 billion error in ERCOT pricing during the week of the winter storm that caused power outages across the state. ....