Power Breakfast for July 7, 2014

Summer demand down; Houston import project; DOE green loans


A nearly daily round-up of news for your consideration:

  • Slightly cooler temperatures and rain have lessened demand for electricity in Texas so far this year. From the Dallas Business Journal article:

    “Electricity demand surpassed 60,000 megawatts for one hour on July 1, the first and only time it’s passed that milestone so far this year, according to the Electric Reliability Council of Texas. The past several years, ERCOT, an electric grid that covers 85 percent of Texas, has reached this power demand milestone in June.”

  • Two Texas electric generation companies have requested the Public Utility Commission to scrap plans to extend transmission lines from Houston to east-central Texas. The Electric Reliability Council of Texas has said the lines are needed to improve system reliability, while Fuel Fix reports NRG and Calpine “say that lowering wholesale power costs could create more reliability problems because generators will have less of an economic incentive to build new power plants in the area.”
  • The U.S. Department of Energy announced a $4 billion loan guarantee program to support projects “that avoid, reduce or store greenhouse gases and prevent their release into the atmosphere,” the Houston Chronicle reports.
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