Page 7 - Mark Chediak News Today

The budget awaits.

Texas’s top oil and gas regulator voted Tuesday to more clearly define who’ll be at the top of the list to keep receiving electricity during severe winter weather, closing an earlier draft loophole that critics said would’ve let any operator pay just $150 to opt-out of expensive upgrades.

The energy crisis sweeping the globe is about to hit South America, where a historic drought has the region desperate to replace a collapse in hydroelectric generation.

Publishing date: Jul 09, 2021  •  11 hours ago  •  2 minute read  •  Article content (Bloomberg) — California ordered a stage 2 power-grid emergency — one step away from rolling blackouts — as a searing heat wave drives temperatures into triple-digits and sends demand for electricity soaring. The state’s grid operator called for measure as wildfires — including the Bootleg Fire in south-central Oregon — threaten transmission lines bringing power into California. It co...

Brian Sullivan and Mark Chediak Bloomberg News Acre by acre, tree by tree, branch by gnarly branch, a handful of 12-person crews, armed with little more than chainsaws and axes, is attempting to thin out the California forest. It is a Sisyphean task. The state is home to some 33 million acres of woodland. An efficient crew, working with hand tools under ideal conditions, can get through a quarter of an acre a day, give or take. And yet, after a succession of horrific, record-setting wildfire se...

Plunging Payouts on Top U.S. Power Grid Slam Coal, Nuclear,  Bloomberg Green, By Will Wade and Mark Chediak3 June 2021,   Power providers will get $50 a megawatt-day, down from $140 ‘I can’t imagine how nuclear is going to be able to cover’ Coal plants, nuclear reactors and other generators will take a hit next year on the biggest U.S.…

A new report recommends the government create a system of consumer rebates worth an estimated $265 billion over the next decade to help American households transition to electric appliances, Kellie Lunney reports.

Publishing date: May 29, 2021  •  1 hour ago  •  4 minute read  •  Article content (Bloomberg) — After months of debate, Texas lawmakers are poised to pass a series of measures in response to February’s deadly blackouts. Yet those bills, critics say, do little to fix the fundamental issues that made the state’s power grid so vulnerable. While the pending legislation will take steps including forcing electric plants and some pipelines to prepare better for the cold, the bill...

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The generation mix will consist of solar, wind, small-scale hydroelectric, and battery storage. Bloomberg | May 04, 2021 Mark Chediak (Bloomberg) -- Google’s moving forward with its goal of becoming carbon-free by the end of the decade after AES Corp. agreed to supply the tech giant with renewable energy to power its data centers in Virginia. AES, an international power plant developer, said the deal will result in the construction of 500 megawatts of solar, wind, small-scale hydroele...