Oct. 27 — In Texas, Abbott seemed to see things differently, although many argue that the Lone Star State, like Louisiana, is uniquely positioned to take advantage of the economic development opportunities that could come with the transition to cleaner energy.
Oct. 26 — The Public Utility Commission approved a new rule requiring power companies to better prepare for winter weather. They’re based on recommendations from 2011 that were never acted upon. The rule also requires power plants to fix “acute” issues from the February 2021 winter storm that left millions without power.
Oct. 27 — As Texas braces for the approaching winter, utility regulators moved last week to approve a rule requiring power companies to better prepare for the conditions, according to a story from the Texas Tribune. That this action follows recommendations made but never implemented a decade ago is indeed unfortunate.
Oct. 27 — The Gas Consumer Emergency Market Protection Act was authored by Congressman Joaquin Castro and Congressman Lloyd Doggett. According to Castro‘s office, this bill would identify those who unfairly profited from the Texas winter storm and put safeguards to prevent any future entity from price gouging during an emergency.
Oct. 23 — Vast improvements, particularly in communications, have been made since Winter Storm Uri to better prepare the natural gas supply chain for the winter season in Texas. The oil and natural gas industry has been working with a sense of urgency to improve the readiness of the system.
Oct. 21 — The Financial Stability Oversight Council, which is headed by Treasury Secretary Janet Yellen and includes Federal Reserve Chairman Jerome Powell, acknowledged in a report that climate change is a serious economic threat.
Oct. 22 — According to the Energy Information Administration, over half of U.S. homeowners that heat their homes primarily with natural gas may expect to pay 30% more on their bills this year over last. The organization also stated that if the winter is 10% colder than usual, rates will be 50% higher, and bills will be 22% higher if the winter is 10% warmer than average.
Oct. 21 — The state Public Utility Commission adopted a rule — which experts first recommended a decade ago following a winter storm — requiring power companies to use “best efforts” to ensure plants can operate in the winter.
Oct. 22 — Increasing liquefied natural gas (LNG) exports are contributing to rising U.S. natural gas prices by decreasing domestic supply, which could have a major effect on New England’s energy markets this winter, according to FERC staff.
One of the most important municipal coalitions currently active in gas ratemaking is the Atmos Cities Steering Committee, an organization of over 150 cities in north and central Texas with nearly 1.2 million residential customers.