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Since May, the grid has added nearly 3,000 megawatts of power capacity — about two-thirds from new wind farms.
Luminant, the power generation subsidiary of Energy Future Holdings Corp. in Dallas, is purchasing two, large natural gas-fired power plants in northeastern Texas.
The failure of the ring fence — the one created in 2007 — would have created uncertainty and instability with Oncor.
The companies are touting the deal as the largest in the country in which solar power is being bought to compete in a competitive wholesale marketplace with all other power generation.
CB&I said it made a net profit of $169.5 million, or $1.55 million per diluted share, during the April through June period, which was up from $142.4 million during the same time last year when the company was struggling more financially. The total revenues were down slightly at $3.2 billion from $3.3 billion last year.
As news of Energy Future Holdings’ bankruptcy filing spread Tuesday, advocates and economists disagreed about what, exactly, it may mean for the customers 1.7 million retail customers.
Dallas-based Energy Future Holdings is hovering on the brink of bankruptcy, but should it tumble, the lights will continue to shine for Houston-based customers.
Daniel Whitten, of the trade association America’s Natural Gas Alliance, says the price of natural gas is stable, despite a predictable uptick when cold weather increases heating demand.
Luminant is bringing three coal-fired power units back online two months earlier than originally planned, saying higher natural gas prices now make the plants economic to run.
The owner of a North Texas nuclear power plant has tabled its request for federal permission to expand.