Category: Electricity

Grid planners say Texas has enough power for winter demand

Texas grid planners expect a mild winter, and say the grid should have ample capacity for peak conditions, just days after electricity commissioners said they planned to require mandatory reserves to help make the grid more reliable.  More »

Debate intensifies on state’s power reserve needs

A member of Texas’ Public Utility Commission said his colleagues moved too quickly when they voted last week to support a mandatory power reserve margin, before results of a study on the issue by the Brattle Group are released.  More »

Vote to require spare power on Texas grid spurs debate

Texas electricity regulators voted to require reserve generating capacity on the Texas grid, despite a dissenter’s fear that the move could raise retail power prices.  More »

Guest Commentary: Texas’ deregulated power market should evolve to meet future challenges

The Public Utility Commission is looking this week into whether to provide an “insurance policy” for the electric grid. This makes sure that we have extra generation on hand in case of sudden weather changes or unplanned outages.  More »

States join forces to promote clean cars

Eight states, including California and New York, pledged Thursday to work together to dramatically multiply the number of zero-emission cars on the nation’s roads by speeding the construction of charging stations and other infrastructure.  More »

Regulators say utility should return ‘excessive earnings’

State regulators have determined Columbus Southern Power had “excessive earnings” for 2010 under Ohio law and should return $6.9 million.  More »

Opponent accuses Cameron of panic response to rising energy prices

Ed Miliband, the leader of the U.K.’s opposition Labour Party, accused Prime Minister David Cameron of making up energy policy in a panicked response to public anger at soaring electricity and gas bills.  More »

Puerto Rico governor vows reform as electricity bills soar

Puerto Rico’s governor announced Wednesday that he is overhauling the island’s state-run power company amid corruption allegations and criticism that bills are on average more than double that of the U.S. mainland.  More »

Investors skirmish for scraps as bankruptcy of TXU Energy parent looms

KKR & Co., Goldman Sachs Capital Partners and TPG Capital, the firms that led the $48 billion buyout of Energy Future Holdings Corp. in 2007, are fighting to receive barely 3 percent of their initial investment when the power generator files for bankruptcy as soon as this month.  More »

NRG Energy to buy bankrupt Edison Mission Energy

NRG Energy Inc., the largest independent U.S. electricity producer, agreed to buy most of the assets of Edison International’s bankrupt Edison Mission Energy for $2.64 billion to expand its coal and wind holdings.  More »

California regulators approve energy storage plan

State regulators have voted to require California’s major utilities to buy enough energy storage capacity by 2020 to power nearly a million homes.  More »

Cost of West Texas power lines could shock ratepayers, author says

The cost of the transmission lines to West Texas may come back to haunt ratepayers across the state, while their importance to the grid has diminished, an industry expert said at a luncheon sponsored by the Gulf Coast Power Association.  More »

Construction begins on landmark Panhandle wind project

New wind projects are starting to crop up to take advantage of the new West Texas transmission lines, which link the Panhandle to the state’s main grid, as they near their scheduled completion by the end of this year.  More »

Creditors firm stance in bankruptcy of Texas’ largest power provider

A group of creditors for TXU Energy’s parent company is breaking from competing lenders as it seeks to squeeze value out of the Energy Future Holdings Corp. in a debt restructuring.  More »

World investing as much in energy efficiency as fossil fuels, IEA says

Countries around the world are working hard at figuring out how to make the energy resources they have stretch further, implementing a growing number of energy efficiency activities, the International Energy Agency said in its inaugural report on the energy efficiency market.  More »