"Buffett’s latest investment is a $9 billion, all-cash deal to buy Energy Future Holdings, the parent company of Texas electric grid giant Oncor. The subsidiary is the biggest utility in Texas, according to the New York Times, clocking in at 10 million customers. The billionaire marked the announcement of his Nebraska-based Berkshire Hathaway’s bid [...]
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"During a visit yesterday to the Harvey mine in Sycamore, Pa., U.S. EPA Administrator Scott Pruitt declared that “the war on coal is done.” But if the regulatory battle is over, the fight in coal’s largest domestic market has just begun. Wind generation accounted for nearly 23 percent of power generation for the Electric [...]
"Hearing about the continuing surge of wind generation in the Electric Reliability Council of Texas, a state regulator on Tuesday expressed "concern" about too many out-of-market actions to ensure local reliability threatened by a sudden drop in wind output. Early in the ERCOT Board of Directors meeting, Bill Magness, ERCOT president and CEO, pointed [...]
"By 2035, the U.S. may have surpassed Australia and Qatar to become the world’s biggest supplier of liquefied natural gas, according to the chief executive officers of Canadian energy giant Enbridge Inc. and LNG exporter Tellurian Inc. The U.S. already has about 70 million tons a year of LNG capacity coming online, Meg Gentle, [...]
"CHICAGO, Feb. 28, 2017 /PRNewswire/ -- E.ON North America announced today its Texas Waves energy storage projects will be co-located at the existing E.ON Pyron and Inadale wind farms in West Texas. Texas Waves consists of two 9.9 megawatt (MW) short duration energy storage projects using lithium-ion battery technology." http://www.prnewswire.com/news-releases/eon-announces-texas-energy-storage-projects-300415287.html [...]
"The United States is expected to become a net exporter of natural gas on an average annual basis by 2018, according to the recently released Annual Energy Outlook 2017 (AEO2017) Reference case. The transition to net exporter is driven by declining pipeline imports, growing pipeline exports, and increasing exports of liquefied natural gas (LNG). In [...]