San Antonio muni sues ERCOT over freeze charges

San Antonio Texas’s city-owned energy utility, CPS Energy, has sued the Electric Reliability Council of Texas (ERCOT), charging that the grid operator during the February deep freeze charged it “excessive, illegitimate and illegal prices.” The utility filed the suit in Bexar County District Court. CPS Energy CEO Paula Gold-Williams said, “During a state declared disaster,… More San Antonio muni sues ERCOT over freeze charges

NERC points to role of gas in Texas freeze

The North American Electric Reliability Corp. (NERC), testifying in Congress this week, pointed directly at the natural gas industry in Texas for a major share of blame for the February rolling electricity blackouts. It’s an issue that economists have earlier raised. NERC CEO James Robb March 11 told the Senate Energy and Natural Resources Committee,… More NERC points to role of gas in Texas freeze

How Texas failed the February freeze

NRRI, the National Regulatory Research Institute, an arm of the National Association of Regulatory Utility Commissioners, finds a series of regulatory failures that exacerbated the Texas grid collapse. The work by NRRI economists Carl Pechman and Elliott Nethercut concludes, echoing earlier analyses of failures of the Texas regulatory system: “The Texas [Public Utilities Commission] and… More How Texas failed the February freeze

PSEG to sell fossil and solar generation, concentrating on nukes

New Jersey-based Public Service Enterprise Group (PSEG, formerly Public Service Electric and Gas) says it is on pace to unload all of its substantial non-nuclear generation, leaving it as a wholly nuclear generating company. In its 2020 earnings statement Feb. 26, CEO Ralph Izzo touted his company’s strategy “to become primarily a regulated utility with… More PSEG to sell fossil and solar generation, concentrating on nukes

Divorce: Exelon to split generation from transmission and distribution

Chicago-based Exelon Corp., the largest vertically integrated investor-owned utility in the U.S., on Tuesday (Feb. 24) announced a divorce. The company said it will spin off its generating assets, primarily the largest nuclear fleet in the country, into a stand-alone, publicly traded enterprise, with the token name of “SpinCo,” while retaining its multi-state regulated transmission… More Divorce: Exelon to split generation from transmission and distribution

FERC addresses Texas, without much prospect for change

Despite the Federal Energy Regulatory Commission’s unanimous vote to terminate the cockamamie 2017 Trump administration’s proposed rulemaking to “rescue” the coal industry, based on a flawed definition of “reliability,” the commission announced on Monday it will take a detailed look at the issue of power system reliability in the context of the Texas weather debacle.… More FERC addresses Texas, without much prospect for change

Some thoughts about Texas

Fully understanding the details about what went wrong with the Texas power supply system won’t be possible for weeks, and will no doubt involve investigations from the Federal Energy Regulatory Commission and its private sector partner, the North American Electric Reliability Corp. But having covered the U.S. electric system as a specialized journalist for over… More Some thoughts about Texas