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The new “Freeing the Grid” report from Vote Solar and the Interstate Renewable Energy Council also gave Texas a “D” grade on its interconnection policies, which are the rules customers follow to “plug” their renewable energy generation into the grid.
The commission signed off on the need for the $600 million Houston Import Project and a route adjusted slightly to address concerns in communities through which it will run.
While the lifting of the crude oil ban received the lion’s share of the attention in the budget compromise, the bill also renews the federal production tax credit, or PTC, that benefits the growth of wind farms and the investment tax credit, or ITC, that discounts the expansion of solar power. The tax credits were expiring, but still would have funded pending projects through 2016.
Texas accounted for more than one-third of the new wind and natural gas-fired power added to the nation’s electric grid this year through September.
Since May, the grid has added nearly 3,000 megawatts of power capacity — about two-thirds from new wind farms.
The Roserock solar farm will provide power to the city of Austin and surrounding areas through a 20-year power purchase agreement with the municipally owned Austin Energy.
Luminant, the power generation subsidiary of Energy Future Holdings Corp. in Dallas, is purchasing two, large natural gas-fired power plants in northeastern Texas.
A consortium of investors led by Dallas billionaire Ray L. Hunt wants to acquire Oncor. Is the deal in the public interest? It’s now up to the Texas Public Utility Commission to decide.
It is Margaret Atwood’s 76th birthday, and her 2009 novel ‘The Year of the Flood‘ seems an appropriate way to sum up the crude market this year. We await the weekly EIA inventory report this morning, with oil inventories less than 4 million barrels shy of the record of 490.9 mn bbls seen earlier in the […]
San Francisco-based Pattern Energy, which has its control center and offices in Houston, represents one of the more active players in the Texas wind power surge that has made the Lone Star state the nation’s leader in wind generation.