360° Coverage : Frigid Temps Threaten Blackouts On Texas Power Grid

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Frigid Temps Threaten Blackouts On Texas Power Grid
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Frigid Temps Threaten Blackouts On Texas Power Grid

Jan 7 2014, 4:30am CST | by

It’s usually in the Dog Days of summer when the air conditioners are roaring that Texas worries about outstripping its power grid. But on Monday morning, with temperatures plunging to 10 degrees in...

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41 weeks ago

Frigid Temps Threaten Blackouts On Texas Power Grid

Jan 7 2014, 4:30am CST | by

It’s usually in the Dog Days of summer when the air conditioners are roaring that Texas worries about outstripping its power grid. But on Monday morning, with temperatures plunging to 10 degrees in Fort Worth, Texans’ power consumption soared.

What’s more, the cold and other problems knocked out a handful of power plants, amounting to 3,700 mw of electricity. The Electric Reliability Council of Texas issued an emergency alert Monday morning. Any worse and the next step would have been rolling blackouts. To make ends meet Monday morning, Texas had to import electricity from outside the state, including Mexico.

With another Three Dog Night forecast for overnight into Tuesday, the stresses continue.

The cold also impacts oil and gas wells across the region. Valves freeze up, and fracking fluids don’t flow like they’re supposed to.

Naturally, the roughnecks working North Dakota’s Bakken fields (where its expected to get as low as -40 degrees tonight) would laugh at their wussy Texas counterparts complaining of 10 degrees, but we’re not used to temperatures like this down here.

The last time it got this cold in Texas was 2011, when hundreds of natural gas wells froze shut and the state set a winter power usage record of 57,265 MW. Tuesday is expected to hit 56,818 MW.

There is money to be made from such emergency situations. Power prices capped out at $5,000 per megawatt-hour Monday morning. The average power price is more like $50 per Mwh. That could mean a short-lived windfall for the likes of Energy Future Holdings, NRG Energy, Calpine and Panda Power.

A few more cold spells like this might be enough to convince these companies to invest in some new power plants.

America's Worst Corporate Air Polluters

Source: Forbes Business

 
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7 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) a ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

7 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the d ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

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