Texarkana Region
Savings are blowing in the wind
Southwestern Electric Power Co. s current investment in clean energy resources will likely mean savings for its Texarkana, Arkansas, customers, but not its Texarkana, Texas, customers, an official said Monday.
by Christy Busby Worsham
Jun. 28 2021 @ 9:13pm
Southwestern Electric Power Co. s current investment in clean energy resources will likely mean savings for its Texarkana, Arkansas, customers, but not its Texarkana, Texas, customers, an official said Monday. Our intent would be to have a positive impact with the wind facilities in Oklahoma and provide a savings for customers, said Peter Main, American Electric Power s corporate communications manager. The way it was is we acquire a facility and our rates pay for the facilities but wind and solar are free.
Hearings Scheduled on Amended Stipulation for PNM Resources Merger with AVANGRID
Stipulated agreement combines interests of PNM, AVANGRID and 13 other parties to bring over $270 million in benefits to New Mexico, one remaining approval required for the merger expected to close in 2021
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ALBUQUERQUE, N.M., June 1, 2021 /PRNewswire/ On Friday, the Hearing Examiner for the New Mexico Public Regulation Commission (NMPRC) set the remaining procedural schedule for the amended stipulation in the merger application of Public Service Company of New Mexico (PNM) and its parent company, PNM Resources, Inc. (NYSE: PNM), with AVANGRID (NYSE: AGR). This schedule comes after AVANGRID addressed regulatory issues for its northeastern regional utility subsidiaries on service quality standards, including details on routine reviews management audits that are typical for investor-owned utilities in those jurisdictions. The filing reflected AVA
Fotolia
In efforts to prevent a repeat of the February disaster that left millions without electricity, Texas policymakers continue to disagree over the cause and appropriate mitigation efforts. The blackouts from the storm led to spikes in power prices and the deaths of at least 151 people.
Republican leadership was quick to criticize renewables for the role they played in the blackouts, with Gov. Greg Abbott, R, claiming on national television that renewables caused the outages. They cannot be dispatched by the Electric Reliability Council of Texas (ERCOT) and therefore cannot be relied upon, said state Sen. Kelly Hancock, R, who chairs the Senate Business and Commerce committee. Hancock sponsored Senate Bill (SB) 1278, which would impose reliability costs on intermittent generation.
Xcel Energy reaffirms 2021 EPS earnings guidance of $2.90 to $3.00.
Xcel Energy Inc. (NASDAQ: XEL) today reported 2021 first quarter GAAP and ongoing earnings of $362 million, or $0.67 per share, compared with $295 million, or $0.56 per share in the same period in 2020.
Earnings reflect higher electric and natural gas margins, which more than offset additional depreciation, interest charges and less allowance for funds used during construction (AFUDC).
“Xcel Energy had a strong first quarter and we are reaffirming our expectation to deliver earnings within our annual guidance range,” said Ben Fowke, chairman and CEO. “We are also pleased to have achieved a significant milestone, reducing carbon emission 51% from 2005 levels, bringing us more than halfway to our vision of delivering 100% carbon-free electricity to our customers by 2050.”