Ercot

West Texas Spot Natural Gas Prices Tank as Pipeline Work Traps Supply 

West Texas Spot Natural Gas Prices Tank as Pipeline Work Traps Supply 

Spot natural gas prices for Wednesday flow at Waha and nearby delivery hubs in West Texas fell into negative territory as pipeline maintenance prevented some gas from leaving the basin and mild, spring-like weather reduced demand. Waha Hub spot prices for next-day delivery tumbled 72.0 cents day/day to minus 54.5 cents. The last time Waha’s…

March 6, 2024
Natural Gas Futures, Spot Prices Plunge as Weather Models Point to Warm-up After Arctic Blast 

Natural Gas Futures, Spot Prices Plunge as Weather Models Point to Warm-up After Arctic Blast 

Natural gas futures sank below $3.000/MMBtu on Tuesday as markets looked past the immediate brutal cold to an expected warm-up in temperatures next week as indicated by increased confidence in weather models. At A Glance: Brutal cold to last into weekend Production drops to 92.4 Bcf/d NGI models 165 Bcf draw The February Nymex natural…

January 16, 2024
TotalEnergies Backstops Renewables Generation in Texas with Trio of Natural Gas-Fired Facilities

TotalEnergies Backstops Renewables Generation in Texas with Trio of Natural Gas-Fired Facilities

TotalEnergies SE, which has a bevy of U.S. energy assets, has agreed to pay $635 million to buy three natural gas-fired power plants in Texas to ensure customers have firm power and to bolster integrated power purchase agreements (PPA). The deal with TexGen Power LLC includes two facilities that serve the Houston area and one…

November 22, 2023
Texans Vote ‘Yes’ to Fund More Natural Gas-Fired Power Generation

Texans Vote ‘Yes’ to Fund More Natural Gas-Fired Power Generation

Texans on Tuesday cast ballots on a slate of constitutional amendments, with Proposition 7, which supplies state funds to add natural gas-fired power plants, resoundingly approved.  Proposition 7, a constitutional amendment to create the Texas Energy Fund, passed with about 65% of the popular vote. With its passage, the Public Utilities Commission of Texas (PUCT)…

November 8, 2023
Texans to Vote on Funding Billions for Natural Gas-Fired Generation

Texans to Vote on Funding Billions for Natural Gas-Fired Generation

Texans as early as Monday were going to be able to begin voting on a slate of amendments, including one that would fund natural gas-fired generation facilities to bolster the stressed electric grid.  Proposition 7, a constitutional amendment, would if adopted by a majority of voters establish the Texas Energy Fund (TEF) to support the…

October 23, 2023
California, Texas Electric Grids Experience No Issues Amid Solar Eclipse

California, Texas Electric Grids Experience No Issues Amid Solar Eclipse

Natural gas aided electric grid operators in California and Texas in maintaining stable operations as solar generation dropped during Saturday’s annular eclipse. For the California Independent System Operator (CAISO), total renewable energy – which includes solar and wind – had climbed to 9,919 MW by 8:40 a.m. PT but then plunged to 5,002 MW by…

October 16, 2023
ERCOT Seeking to Bulk Up Winter Generation Capacity to Avoid Elliott-Like Shortages

ERCOT Seeking to Bulk Up Winter Generation Capacity to Avoid Elliott-Like Shortages

The Texas grid operator is looking to add 3,000 MW of generation capacity for this winter to ensure the state is prepared for energy emergency conditions. The Electric Reliability Council of Texas (ERCOT), which serves about 90% of the state, issued a request for proposal (RFP) to increase operating reserves from Dec. 1 through Feb.…

October 4, 2023
California Partnering with Natural Gas Suppliers to Prepare for Solar Eclipse

California Partnering with Natural Gas Suppliers to Prepare for Solar Eclipse

Sunny California will see its skies darken for about three hours in mid-October by a rare annular eclipse, and officials now are working overtime with regional authorities, as well as natural gas interstate and intrastate suppliers, to ensure there are adequate resources available to make up for the expected solar shortfall. An all-hands effort is…

October 3, 2023
ERCOT Immune from Winter Storm Uri Overpricing Allegations, Says Texas Supreme Court

ERCOT Immune from Winter Storm Uri Overpricing Allegations, Says Texas Supreme Court

The Supreme Court of Texas has ruled in a split decision that the operator of the Texas power grid is shielded from civil lawsuits related to 2019’s Winter Storm Uri.  In a 5-4 opinion on Friday (June 23), the court found that sovereign immunity, which shields government agencies from most civil lawsuits, also protects the…

June 28, 2023
Sweltering Heat Boosts West Texas Natural Gas Forwards, with LNG Keeping Pressure On Prices

Sweltering Heat Boosts West Texas Natural Gas Forwards, with LNG Keeping Pressure On Prices

U.S. natural gas markets failed to sustain much momentum across the forward curve during the June 8-14 trading period, with July prices averaging 2.0 cents lower as widespread heat has yet to materialize, according to NGI’s Forward Look. With plump production figures still coming out and storage inventories sitting above average levels, similarly small price…

June 16, 2023
‹ Previous 1 2 3 5