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Electric Reliability Council Of Texas
The Electric Reliability Council of Texas, Inc. (ERCOT) is an American organization that operates Texas's electrical grid, the Texas Interconnection, which supplies power to more than 25 million Texas customers and represents 90 percent of the state's electric load. ERCOT is the first independent system operator (ISO) in the United States. ERCOT works with the Texas Reliability Entity (TRE), one of eight regional entities within the North American Electric Reliability Corporation (NERC) that coordinate to improve reliability of the bulk power grid. As the ISO for the region, ERCOT dispatches power on an electric grid that connects more than 46,500 miles of transmission lines and more than 610 generation units. The United States Energy Information Administration Electric Power Monthly published the following detailed report regarding Texas's Net Generation by Energy Source: Total (All Sectors), 2010-December 2020, (Thousand Megawatthours), Table 1.1, for the Month of December 2 ...
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Austin, Texas
Austin is the capital city of the U.S. state of Texas, as well as the seat and largest city of Travis County, with portions extending into Hays and Williamson counties. Incorporated on December 27, 1839, it is the 11th-most-populous city in the United States, the fourth-most-populous city in Texas, the second-most-populous state capital city, and the most populous state capital that is not also the most populous city in its state. It has been one of the fastest growing large cities in the United States since 2010. Downtown Austin and Downtown San Antonio are approximately apart, and both fall along the Interstate 35 corridor. Some observers believe that the two regions may some day form a new "metroplex" similar to Dallas and Fort Worth. Austin is the southernmost state capital in the contiguous United States and is considered a " Beta −" global city as categorized by the Globalization and World Cities Research Network. As of 2021, Austin had an estimated popul ...
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Gulf Coast Of The United States
The Gulf Coast of the United States, also known as the Gulf South, is the coastline along the Southern United States where they meet the Gulf of Mexico. The coastal states that have a shoreline on the Gulf of Mexico are Texas, Louisiana, Mississippi, Alabama, and Florida, and these are known as the ''Gulf States''. The economy of the Gulf Coast area is dominated by industries related to energy, petrochemicals, fishing, aerospace, agriculture, and tourism. The large cities of the region are (from west to east) Brownsville, Corpus Christi, Houston, Galveston, Beaumont, Lake Charles, Lafayette, Baton Rouge, New Orleans, Gulfport, Biloxi, Mobile, Pensacola, Navarre, St. Petersburg, and Tampa. All are the centers or major cities of their respective metropolitan areas and many of which contain large ports. Geography The Gulf Coast is made of many inlets, bays, and lagoons. The coast is intersected by numerous rivers, the largest of which is the Mississippi River. ...
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Griddy
Griddy was an American power retailer that formerly sold energy to people in the state of Texas at wholesale prices for a $10 monthly membership fee and had approximately 29,000 members. The company itself was based in California. History Griddy LLC was incorporated in 2016 in Delaware, but physically located in Playa Vista, California. Some investment was taken from EDF Trading in 2019. In December 2020, new leadership was appointed. Michael Fallquist (Chief Executive Officer), Christian McArthur (Chief Operating Officer), and Roop Bhullar (Chief Financial Officer) were appointed and an agreement with Macquarie Energy was entered. All three new appointments had previously worked at Crius Energy (acquired by TXU Energy in 2019). 2021 Texas power crisis During the February 2021 Texas power crisis, some Griddy customers who signed up for wholesale variable rate plans allowed by the Texas deregulated electricity market found themselves facing over $5,000 bills for five da ...
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Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, '' Bloomberg Businessweek'', '' Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Stre ...
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Megawatt-hour
A kilowatt-hour (unit symbol: kW⋅h or kW h; commonly written as kWh) is a unit of energy: one kilowatt of power for one hour. In terms of SI derived units with special names, it equals 3.6 megajoules (MJ). Kilowatt-hours are a common billing unit for electrical energy delivered to consumers by electric utilities. Definition The kilowatt-hour is a composite unit of energy equal to one kilowatt (kW) sustained for (multiplied by) one hour. Expressed in the standard unit of energy in the International System of Units (SI), the joule (symbol J), it is equal to 3,600  kilojoules or 3.6 MJ."Half-high dots or spaces are used to express a derived unit formed from two or more other units by multiplication.", Barry N. Taylor. (2001 ed.''The International System of Units.'' (Special publication 330). Gaithersburg, MD: National Institute of Standards and Technology. 20. Unit representations A widely used representation of the kilowatt-hour is "kWh", derived from its co ...
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The Texas Tribune
''The Texas Tribune'' is a news website headquartered in Austin, Texas. It aims to promote civic engagement through original, explanatory journalism and public events. Its website and content in various delivery platforms serve as an alternative news source for Texas, with a goal of supplementing mainstream media sources. Unlike many other Texas outlets, The ''Texas Tribune'' does not maintain a paywall. Its only regular opinion pieces—tagged as 'Analysis'—are by Ross Ramsey, with occasional guest contributions by select outside authors, such as academics. Unlike '' The Washington Post'' and '' The New York Times'', ''The Texas Tribune'' has no letter-to-the-editor space and eliminated the reader-response comment feature in 2020. ''The Texas Tribune'', like ''Voice of San Diego'' and '' MinnPost'' before it, is part of a trend toward non-profit journalism with an all-digital platform. In addition to journalism published on its site, and in the pages and on the sites of it ...
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Power Outage
A power outage (also called a powercut, a power out, a power failure, a power blackout, a power loss, or a blackout) is the loss of the electrical power network supply to an end user. There are many causes of power failures in an electricity network. Examples of these causes include faults at power stations, damage to electric transmission lines, substations or other parts of the distribution system, a short circuit, cascading failure, fuse or circuit breaker operation. Power failures are particularly critical at sites where the environment and public safety are at risk. Institutions such as hospitals, sewage treatment plants, and mines will usually have backup power sources such as standby generators, which will automatically start up when electrical power is lost. Other critical systems, such as telecommunication, are also required to have emergency power. The battery room of a telephone exchange usually has arrays of lead–acid batteries for backup and also a socket ...
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Texas Power Crisis
Texas (, ; Spanish: ''Texas'', ''Tejas'') is a state in the South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by both area (after Alaska) and population (after California). Texas shares borders with the states of Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the west, and the Mexican states of Chihuahua, Coahuila, Nuevo León, and Tamaulipas to the south and southwest; and has a coastline with the Gulf of Mexico to the southeast. Houston is the most populous city in Texas and the fourth-largest in the U.S., while San Antonio is the second most populous in the state and seventh-largest in the U.S. Dallas–Fort Worth and Greater Houston are, respectively, the fourth- and fifth-largest metropolitan statistical areas in the country. Other major cities include Austin, the second most populous state capital in ...
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ERCOT Generation 2021 Power Crisis US Energy Information Administration
The Electric Reliability Council of Texas, Inc. (ERCOT) is an American organization that operates Texas's electrical grid, the Texas Interconnection, which supplies power to more than 25 million Texas customers and represents 90 percent of the state's electric load. ERCOT is the first independent system operator (ISO) in the United States. ERCOT works with the Texas Reliability Entity (TRE), one of eight regional entities within the North American Electric Reliability Corporation (NERC) that coordinate to improve reliability of the bulk power grid. As the ISO for the region, ERCOT dispatches power on an electric grid that connects more than 46,500 miles of transmission lines and more than 610 generation units. The United States Energy Information Administration Electric Power Monthly published the following detailed report regarding Texas's Net Generation by Energy Source: Total (All Sectors), 2010-December 2020, (Thousand Megawatthours), Table 1.1, for the Month of December 202 ...
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Natural Gas Prices
Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe. Natural gas prices in the US had historically followed oil prices, but in the recent years, it has decoupled from oil and is now trending somewhat with coal prices. The price as at 20th January 2022, on the U.S. Henry Hub index, is US. The highest peak (weekly price) was US in January 2005. The 2012 surge in fracking oil and gas in the U.S. resulted in lower gas prices in the U.S. This has led to discussions in Asian oil-linked gas markets to import gas based on the Henry Hub index, which was, until very recently, the most widely used reference for US natural gas prices. Depending on the marketplace, the price of natural gas is often expressed in currency units per volume or currency units per energy content. For example, US dollars or ...
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Federal Energy Regulatory Commission
The Federal Energy Regulatory Commission (FERC) is the United States federal agency that regulates the transmission and wholesale sale of electricity and natural gas in interstate commerce and regulates the transportation of oil by pipeline in interstate commerce. FERC also reviews proposals to build interstate natural gas pipelines, natural gas storage projects, and liquefied natural gas (LNG) terminals, in addition to licensing non-federal hydropower projects. FERC is composed of five commissioners who are nominated by the U.S. president and confirmed by the U.S. Senate. There may be no more than three commissioners of one political party serving on the commission at any given time. Primary duties The responsibilities of FERC include the following: * Regulating the transmission and sale of natural gas for resale in interstate commerce; * Regulating the transmission of oil by pipelines in interstate commerce; * Regulating the transmission and wholesale sales of electricit ...
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Public Utility Commission Of Texas
The Public Utility Commission of Texas (PUC or PUCT) is a state agency that regulates the state’s electric, water and telecommunication utilities, implements respective legislation, and offers customer assistance in resolving consumer complaints. In 1975, the Texas Legislature enacted the Public Utility Regulatory Act (PURA) and created the Public Utility Commission of Texas (PUC) to provide statewide regulation of the rates and services of electric and telecommunications utilities. Roughly twenty years later, the combined effects of significant Texas legislation in 1995 and the Federal Telecommunications Act of 1996 resulted in competition in telecommunication’s wholesale and retail services and the creation of a competitive electric wholesale market. Further changes in the 1999 Texas Legislature not only called for a restructuring of the electric utility industry but also created new legislation that ensured the protection of customers’ rights in the new competitive environ ...
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