A nearly daily update of energy-related news:
- The Public Utility Commission of Texas is considering artificially inflating wholesale power prices when electricity is in high demand in order to improve grid reliability. The proposal seeks to increase the grid’s reserve margin requirement to 2,750 MW from 2,000 MW and trigger higher prices more quickly in times of peak demand along with creating incentives for power companies to produce more electricity. A final decision has yet to be made; the PUC will meet again on May 4 to reconsider the matter.
- The Australian Government launched the Clean Energy Innovation Fund (worth $762 million) to invest in clean and renewable technologies for commercial use. The Fund will target projects like large-scale solar with storage, offshore energy, biofuels and smart grids. One of the Fund’s goals is to help Australia achieve its emission reduction goal of 28 percent by 2030.
News Release TCEH Corp., Parent Company for Luminant and TXU Energy, Emerges from Chapter 11 as a Competitive, Well-Capitalized Company *** Energy Industry Veteran Curt Morgan Formally Named CEO *** Restructuring Eliminates More Than $33 Billion in Debt *** Benefits from Low Leverage Relative to Peer Group *** Company […]
Razen Thomas is proud to be Powering Texas and proud of the hard work and innovation that she sees from her colleagues every day at Oak Grove Power Plant. As support manager, Razen makes sure everyone has the tools, equipment and processes to do their jobs safely and effectively. Watch this month’s Job One Profile […]
An abundance of wildlife, including numerous bald eagles, call Luminant’s sites and reclaimed land home. When Liberty Mine’s resident bald eagle pair returns this fall, they’ll find a few home renovations – most notably, a new nest location. The eagles’ nest was recently moved away from mining activities to a new location on company property […]