Monthly Archives: September 2008

Reliant: Texas retail business will be smaller

In a conference call with analysts this morning Reliant Energy officials said the company’s retail business in Texas will be smaller going forward, with the company most likely shrinking its presence in the commercial and industrial sector. The reason: the collateral needed to buy power for commercial customers is more than twice as much as […]  More »

Expect estimated electric bills for September

Electric customers in the CenterPoint Energy service area will most likely see September power bills based on estimates of past usage, but with adjustments. Most of CenterPoint’s meter reading staff has been temporarily assigned to other responsibilities post-storm in order to help restoration efforts, said spokeswoman Alicia Dixon. At a hearing before the Public Utility […]  More »

Commission to consider post-Ike electric bill relief

A number of electric retailers are voluntarily offering payment extensions on customers bills, suspending shut-offs for non-payment and waiving late payment fees, but state officials may force more companies the take such measures. The Public Utility Commission is expected to propose relief measures for electric customers in areas affected by the storm, such as waivers […]  More »

The price for power? Up to $500 million

The job’s still not done but CenterPoint Energy already has a rough estimate of the bill for restoring power to millions of Houstonians. In a filing with the Securities Exchange Commission CenterPoint said “the total cost for that restoration is currently estimated to be in the range of $350 million to $500 million, but that […]  More »

Ike vs. Rita: The East Texas power grid perspective

A Friday morning flyover of East Texas drove home the differences between Hurricane Ike and 2005′s Hurricane Rita for Joe Domino, CEO of Entergy-Texas, the firm that runs the power grid from Conroe to the Woodlands to Beaumont. In a conference call with reporters today Domino said trees were responsible for knocking down most of […]  More »

Ike prompts delay in energy bill action

WASHINGTON – The House today postponed any action on an energy bill, to enable Texas lawmakers to return home ahead of Hurricane Ike. “I expect to consider a comprehensive energy bill early next week,” said House Majority Leader Steny Hoyer. — David Ivanovich, Washington Bureau  More »

More questions on energy data

How much oil is really in those tanks? The Wall Street Journal reported today that regulators may be looking at whether energy marketers have been reporting false crude oil data in order to “influence perceptions about crude-oil supply and demand.” “Among other things, regulators are concerned that companies may be reporting inventory levels that benefit […]  More »

Gustav snapshots: 'Significant' sheen, downed power lines

Just a few of the major transmission lines down in Louisiana. (Entergy photo). The reports on Gustav-related damage to the energy infrastructure continue to trickle in and they don’t seem catastrophic. The Minerals Management Service said that production is slowly starting to creep back: From the operators’ reports, it is estimated that approximately 95.8 % […]  More »

Chron Energy Links: 09.03.08

Items on and elsewhere related to two timely topics, today: the aftermath of Gustav and the Alaska’s Natural Gas Pipeline (renewed interest due largely to Sarah Palin for VP): Gustav • Checkpoints, power outages frustrate Gustav evacuees • Energy industry looks to restart: Gustav damage appears minor, but closings and outages persist • All […]  More »

Word on Gustav's energy impact trickles in

(Update 5:15 p.m.) The official word from the Department of Energy on the Citgo request: On Tuesday, September 2, 2008, the U.S. Department of Energy received a formal request from Citgo’s Lake Charles, Louisiana refinery for 250,000 barrels of oil from the Strategic Petroleum Reserve. The oil is needed because of the closure of Louisiana’s […]  More »