Reuters Dec 17 – The Public Utility Commission (PUC) of Texas has approved more reforms to improve power market reliability and help avoid price spikes and outages like those seen during last winter’s February freeze. The rulings on Thursday were the latest in a series of measures designed to prevent a repeat of the energy emergency caused by February’s Winter
Fox Business Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition. For ConocoPhillips, it is the second sizable acquisition in a year in the heart of the U.S. shale industry, as
CNBC Tesla wants to sell electricity directly to customers in Texas, according to an application filed by the company this month with the Public Utility Commission there. The application follows the start of a big battery build out by Tesla in Angleton, Texas (near Houston), where it aims to connect a 100 megawatt energy storage system to the grid. Texas Monthly
Nasdaq Grid operator Electric Reliability Council of Texas on Tuesday unveiled plans to address operational improvements, which include purchasing more reserve power and reviewing the need for on-site fuel supplies for some generators. After a rule change, ERCOT suggests power operators submit a letter signed by their CEOs twice a year certifying their companies have completed their weatherization preparations for
Reuters Texas Governor Greg Abbott said on Tuesday he had made correcting “inaccurate excessive charges” billed during the winter freeze by power grid operator Electric Reliability Council of Texas (ERCOT) an emergency matter for the state legislature.https://www.reuters.com/article/us-usa-weather-texas-ercot-power/texas-governor-makes-correcting-power-grid-operators-billing-emergency-item-idUSKBN2B20EH Abbott said he wants the legislature to take action in its upcoming session to reduce emergency power pricing put in place by ERCOT
Reuters HOUSTON- Texas’s largest and oldest electric power cooperative on Monday filed for bankruptcy protection in federal court in Houston, citing a disputed $1.8 billion bill from the state’s grid operator. Brazos Electric Power Cooperative Inc, which supplies electricity to more than 660,000 consumers across the state, is one of dozens of providers facing enormous charges stemming from a severe
Reuters ODESSA, Texas – The top elected official of the largest U.S. oil and gas producing state on Thursday pledged to fight President Joe Biden’s executive orders that he claimed would undercut Texas energy production. In a case of dueling executive orders, Texas Governor Greg Abbott authorized state agencies to bring legal challenges Biden’s policies. Biden on Wednesday unveiled a
Forbes Essential infrastructure spending and regulation is on the agenda of the upcoming biennial session of the Texas legislature. Some believe that there are competing interests are at play—wind and solar energy versus oil and gas producers. Both are competing for infrastructure spending and favorable regulations. It’s a big state. Here’s how both can win. Texas is the nation’s largest producer of electricity from
EIA Oil & Gas 360 Publishers Note: Great report from the EIA – However I have one question – How will all of the people leaving the major population centers change this report? According to the latest data estimates in the U.S. Energy Information Administration’s (EIA) State Energy Data System (SEDS), people in geographically large states with small populations, such as Alaska,
Fox Business President Trump is expected to visit the Permian Basin in West Texas Wednesday and make a stop at the Double Eagle Energy in Midland, the White House announced. During his visit, the president will tour an oil rig and address how the U.S. has become a dominant energy power, from reducing regulation, expediting the approval of projects and providing an impetus for private investment
Houston Chronicle WASHINGTON – Texas congressmen are asking the Interior Secretary to reduce royalty collections on oil and natural gas produced in the Gulf of Mexico. The combined effect of the coronavirus pandemic and the price war led by Saudi Arabia and Russia has crashed oil prices, leaving many U.S. producers vulnerable, Rep. Dan Crenshaw, R-Kingswood, said in a
Houston Chronicle The health of the Texas energy sector declined for 10-straight months to close out 2019, even as oil and gas production steadily rose throughout the year, according to a new report from the Texas Alliance of Energy Producers. An index measuring the strength of the Texas oil industry fell by almost 10 percent last year, showing a steady
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