Electricity demand from customers of the Arizona Public Service (APS) soared to an all-time peak for the second time in a week, on July 15, mirroring similar trends in Texas as grid operators grapple with a heatwave in parts of the United States.
Demand for power in Texas will likely hit more record highs this week as homes and business keep their air conditioners cranked up to escape another heatwave.
The Texas power grid operator urged homes and businesses to conserve electricity on Tuesday evening to prevent power reserves from falling short as consumers crank up their air conditioners to escape the first heat wave of the summer season.
EnergyTexas wind farms sue Citigroup over charges from winter storm
Liz Hampton
1/2
The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren
Read More
A Canadian renewable energy firm on Wednesday sued Citigroup Inc for rejecting force majeure declarations during a February winter storm and billing it over $100 million for replacement power, according to lawsuits filed in a Texas state court.
Shannon Wind and Flat Top Wind, subsidiaries of Innergex Renewable Energy Inc (INE.TO), operate North Texas wind farms that halted their wind turbines during an arctic deep freeze. Both had agreements to physically deliver power to Citi Energy, a unit of Citigroup Inc (C.N), at fixed prices.