Live Breaking News & Updates on பிரேசோஸ் மின்சார பவர்
Stay updated with breaking news from பிரேசோஸ் மின்சார பவர். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Natural gas suppliers, pipeline companies and banks that trade commodities have emerged as the biggest market winners from February s U.S. winter blast that roiled gas and power markets, according to more than two dozen interviews and quarterly earnings reports. The deep freeze caught Texas s utilities off-guard, killed more than 100 people and left 4.5 million without power. Demand for heat pushed wholesale power costs to 400 times the usual amount and propelled natural gas prices to record highs, forcing utilities and consumers to pay exorbitant bills. After the storm, few companies wanted to talk about their financial gains, unwilling to be seen as profiting off others hardships. But a clearer picture is emerging from quarterly earnings and as utility companies smarting from big bills sue to recoup their losses. ....
Electrical workers repair a power line in Austin on Feb. 18, 2021. Some of the state’s electricity providers are financially underwater in the aftermath of the February power outages. Credit: Sergio Flores for The Texas Tribune Sign up for The Brief, our daily newsletter that keeps readers up to speed on the most essential Texas news. An approximately $2.5 billion plan to bail out Texas’ distressed electricity market from the financial crisis caused by Winter Storm Uri in February was approved by the Texas House Thursday. The legislation would impose a fee likely for the next decade or longer on electricity companies, which would then get passed on to residential and business customers in their power bills. Lawmakers on Wednesday said they could not yet estimate how much it would impact Texans’ electricity bills. ....
Provided by Dow Jones Crude Rises As Economic Recovery Marches On Crude-oil prices settled higher amid increasing signs of post-Covid recovery in the developed world. EPA Proposes Rules to Curb Air Conditioner Emissions The proposal from the U.S. Environmental Protection Agency is the first step toward meeting new mandates to cut supply by 85% over 15 years. Stoneway, Bondholders at Odds Over Restructuring Venue Senior bondholders want the company s restructuring proceedings to go forward in Canada; Stoneway filed for chapter 11 in New York. Pearl Energy-Backed Streamline Innovations Weighs SPAC Deal The water- and gas-treatment services provider sees an opportunity in the expanding market for carbon capture and storage systems. ....
News Highlights: Top Energy News of the Day morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
News Highlights: Top Energy News of the Day morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.