Page 15 - Mark Chediak News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Publishing date: Feb 26, 2021  •  February 27, 2021  •  3 minute read  •  Article content (Bloomberg) — Texas’s grid operator needs to come up with $1.3 billion to pay power plants for energy they supplied during last week’s historic blackouts, raising the prospect it may require a state bailout. The Electric Reliability Council of Texas, which manages most of the state’s grid, said it’s still waiting on more than $2 billion in payments from retail power providers and others after a deep winter freeze caused energy prices to skyrocket. The grid operator, known as Ercot...

Publishing date: Feb 26, 2021  •  February 26, 2021  •  4 minute read  •  Article content (Bloomberg) — Texas lawmakers are grilling power executives, regulators and others for a second day about why the state’s energy system failed last week. So far the hearings have led to plenty of finger-pointing but few clear answers about how to prevent a similar crisis in the future. Executives from Calpine Corp., Vistra Corp. and NRG Energy Inc. blamed natural gas-supply shortages, grid disturbances and a lack of communication from the grid operator known as Ercot. Ercot, meanwhile, s...

Publishing date: Feb 20, 2021  •  February 21, 2021  •  8 minute read  •  Article content (Bloomberg) — The control room of the Texas electric grid is dominated by a Cineplex-sized screen along one wall. As outdoor temperatures plunged to arctic levels around the low-slung building 30 miles from Austin last Sunday night, all eyes were on it. The news wasn’t good. Electric demand for heat across the state was soaring, as expected, but green dots on the corner state map started flipping to red. Each was a regional power generator, and they were spontaneously shutting down — ...