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Texas Is Melting: The Lone Star State's Power Prices Are Soaring Amid Heat Wave – And These 2 Stocks Are Set to Benefit

The heatwave in Texas has sent temperatures off the charts. Triple digits have been reached across the state, hitting 125F in Corpus Christi and 118F in Rio Grande, as recorded by the heat index – which provides a combination of temperature and humidity. Meanwhile, the need for air conditioning has seen demand for power spike – and so has the price. Electricity prices doubled, and earlier this week got as high as $5,000 per megawatt-hour. Making matters worse, especially near the G...
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Source: yahoo.com

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A Bet 20 Years Ago Made It the Exxon of Green Power - Governors' Wind Energy Coalition

Governors Wind Energy Coalition A Bet 20 Years Ago Made It the Exxon of Green Power Source: By Stanley Reed and Raphael Minder, New York Times • Posted: Sunday, May 2, 2021 Iberdrola is a leader in wind and solar power, thanks largely to a bet its C.E.O. made 20 years ago. The Romeral solar power plant in Spain, one of Iberdrola’s newest.Gianfranco Tripodo for The New York Times MADRID — In the winter of 2015, three directors of a Connecticut electric company met wit...
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