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By Michael Kuser A cool summer and the impact of Hurricane Harvey drove NRG Energy third-quarter earnings sharply lower, but the company still sees bright days ahead, according to CEO Mauricio Gutierrez. NRG earned $171 million ($0.53/share) last quarter, compared with $402 million ($1.27/share) in the same period last year.
By Tom Kleckner Despite the retirement of more than 3.5 GW of generation, ERCOT said Wednesday it has enough installed capacity available to meet forecasted peak demand through May 2018. The ISO expects to have almost 81 GW of total capacity available this winter, more than enough to meet a...
By Michael Kuser and Rich Heidorn Jr. Vistra Energy will acquire Dynegy in a $1.7 billion all-stock deal that will create a power generation and retail giant owning 40 GW of capacity and serving nearly 3 million customers, mainly in ERCOT, PJM and ISO-NE, the companies announced Monday. Morgan addressing...
GEORGETOWN, Texas — The Texas Renewable Energy Industries Alliance GridNEXT conference brought together more than 100 industry leaders, producers, developers, utilities, large consumers, entrepreneurs and policymakers to discuss the latest energy trends and developments. They attended workshops and participated in panel discussions on new technologies and the smart grid, integrating...
By Tom Kleckner AUSTIN, Texas — The Public Utility Commission of Texas on Thursday threw a bit of cold water on Sempra Energy’s proposed $9.45 billion acquisition of Oncor after issuing a preliminary order that calls for Sempra to prove it’s financially fit to own the state’s largest utility. The...
ERCOT last week approved the shutdown of two plants, including Luminant’s coal-fired Monticello facility in East Texas, that will take nearly 2 GW of antiquated generation out of service. Staff approved Monticello’s retirement, effective Jan. 4, saying the plant is not necessary for reliability operations. The plants’ three units, dating...
By Tom Kleckner GEORGETOWN, Texas — He came armed with his traveling slideshow, a sequel to his Oscar-winning documentary, homespun wisdom, and warnings of what human activity is doing to our planet. And what better place than in Georgetown, Texas, a community north of Austin that last year became the...
ERCOT’s Technical Advisory Committee has canceled its Oct. 26 meeting because of a limited number of items for consideration. The TAC will instead hold a one-hour web information session Monday to prepare for an email vote on the load distribution factor (LDF) library. Staff will discuss the methodology behind generating...
ERCOT plans to revise its bylaws after discovering that dozens of members could be construed as affiliates under current rules because of stakes owned by investment funds such as Vanguard Group and Fidelity Management and Research. The ISO learned of the issue from Vistra Energy, which informed ERCOT in September...
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