Winter Storm Uri

FERC Steps Up Energy Industry Oversight in 2021, With Eye on Uri

FERC Steps Up Energy Industry Oversight in 2021, With Eye on Uri

FERC’s enforcement activity in the energy sector increased in fiscal year 2021 and included investigations into possible market manipulation during Winter Storm Uri. “When I became chairman of the Commission last January, one of my top priorities was to ensure vigorous oversight and enforcement of the Commission-regulated markets,” said Federal Energy Regulatory Commission’s Chairman Richard…

November 24, 2021
Natural Gas Issues Blamed for Lion’s Share of Winter Uri Outages, Say Federal Regulators

Natural Gas Issues Blamed for Lion’s Share of Winter Uri Outages, Say Federal Regulators

In an extensive 313-page report, federal regulators have concluded that natural gas-fired generators made up 58% of all unplanned outages, derates or failures to start during the deadly cold weather event in February. The remaining portion of outages was by wind (27%), coal (6%), solar (2%) and other generation types (7%), according to the final…

November 18, 2021
Column: Mexico Gas Market Gears Up for Uncertain Winter Period

Column: Mexico Gas Market Gears Up for Uncertain Winter Period

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The opinions and positions expressed by Prud’homme do not necessarily reflect the views of NGI’s Mexico Gas Price Index. Recent increases in…

October 1, 2021
FERC, NERC Inquiry into February Freeze Spotlights Natural Gas Failures

FERC, NERC Inquiry into February Freeze Spotlights Natural Gas Failures

Natural gas-fired electric generators made up a majority of the failures identified by FERC during an inquiry into the extreme cold weather that rattled power markets in Texas and the Midwest in February. The Federal Energy Regulatory Commission, in a joint effort with the North American Electric Reliability Corp. (NERC), found freezing generator components and…

September 23, 2021
Texas Regulators Looking to Improve Natural Gas Infrastructure Post Uri

Texas Regulators Looking to Improve Natural Gas Infrastructure Post Uri

In an effort to reform the rules following Winter Storm Uri last February, the Railroad Commission of Texas (RRC) has proposed changes to designate critical natural gas infrastructure during energy emergencies. Proposed rule 3.65 specifies the process under which entities that provide natural gas would be designated as critical customers or gas suppliers during an…

September 17, 2021
As Prompt-Month Henry Hub Surpasses $4, North American Gas Buyers Say Price Surge a Mixed Bag

As Prompt-Month Henry Hub Surpasses $4, North American Gas Buyers Say Price Surge a Mixed Bag

Changes in regional and global natural gas pricing, along with the transition to low-carbon energy, are creating challenges and opportunities for large natural gas buyers in North America, a panel of experts agreed Wednesday (July 21). The discussion at the LDC Gas Forums-Northeast event in Boston came a day before prompt-month Henry Hub prices surpassed…

July 23, 2021
ERCOT Outlines Proposed Improvements to Texas Power Grid

ERCOT Outlines Proposed Improvements to Texas Power Grid

The Texas power grid chief this week laid the groundwork for improving electric reliability following the unprecedented freeze and subsequent blackouts in February during Winter Storm Uri. Electric Reliability Council of Texas (ERCOT) interim CEO Brad Jones sent the “Roadmap to Improving Grid Reliability” to Gov. Greg Abbott, state legislators and the Public Utility Commission…

July 15, 2021
Texas Lawmakers Advance Bills Overhauling Electric Grid, Regulatory Oversight

Texas Lawmakers Advance Bills Overhauling Electric Grid, Regulatory Oversight

As the Texas legislative session drew to a close over the weekend, lawmakers approved bills aimed at overhauling the state’s electric grid — and those who govern it — following February’s massive winter storm that left residents in the dark for days amid record cold temperatures. “This is our response, this body’s response, to the…

June 1, 2021
Decline in U.S. Natural Gas Power Generation in 2021 Marks First Since 2017, EIA Says

Decline in U.S. Natural Gas Power Generation in 2021 Marks First Since 2017, EIA Says

Natural gas-fired power generation declined 7% in the first four months of 2021 versus the same period a year earlier, a reflection of higher prices and increased competition from renewable fuels, according to new federal data. The Energy Information Administration (EIA) said in a report Monday the decline marked the first year/year decrease for the…

May 24, 2021
Xcel Utilities See $1B in Added Fuel Costs from Winter Storm Uri

Xcel Utilities See $1B in Added Fuel Costs from Winter Storm Uri

Minneapolis-based Xcel Energy Corp. was tagged with $1 billion in added fuel costs by Winter Storm Uri in February, for which it plans to seek recovery from state regulatory commissions, according to CEO Ben Fowke. Fowke, during a 1Q2021 earnings conference call Thursday said the fuel costs from the storm came “despite strong operational performance.”…

May 2, 2021