Choice Energy Services firmly believes in Harry Truman’s quote “Not all readers are leaders, but all leaders are readers.” Choice’s energy analysts are always staying on top of the market by reading the latest industry news articles. If Choice finds an interesting one, it makes sure to post here to share with its clients.
54 Things You Didn’t Know About Natural Gas
Every once in a while, I will realize that I have spent way too much time talking about oil, complaining about pipelines, Permania, free money and the impending “End of Big Oil because of Electric Vehicles”. And it’s on those days that my attention turns to oil and coal’s neglected stepsister who we know as […]
Layoffs on way as grid operator approves coal plant closures
The state’s biggest power company is moving ahead with layoffs of more than 800 workers after the Texas’ electric grid operator recently approved the shutdown of three coal-fired power plants and an associated coal mine.
How Vistra’s coal retirements could impact the Texas power market
The Texas power market is in turmoil. Announced coal plant retirements are prompting calls for market reforms and hopes for higher power prices, but many elements must come into play before either of those scenarios can unfold. Meanwhile, there has been some merger and acquisition activity as generators reshuffle their portfolios to adapt to — and […]
Texas’ planned coal retirements could depress ERCOT reserve margin
Dive Brief: A spate of announced coal retirements are primarily to blame for possibly pushing down reserve margins in the Electric Reliability Council of Texas, according to a Platts report based on the grid operator’s board meeting this week. Luminant announced three large Texas coal plant retirements this month, which totals about 4,200 MW of capacity. In addition, Talen Energy plans […]
E.P.A. Announces Repeal of Major Obama-Era Carbon Emissions Rule
WASHINGTON – The Trump administration announced on Monday that it would take formal steps to repeal President Barack Obama’s signature policy to curb greenhouse gas emissions from power plants, setting up a bitter fight over the future of America’s efforts to tackle global warming. At an event in eastern Kentucky, Scott Pruitt, the head of […]
Vistra closing mega coal plant in East Texas
The Monticello power plant, one of Texas’s largest coal-powered plants, will close permanently next year, Vistra Energy announced Friday. The 1,800 megawatt power plant, which opened more than 40 years ago, is the latest in a string of coal plant closures nationwide as a glut of cheap natural gas and continued advances in solar and […]
Perry Orders FERC Rescue of Nukes, Coal
Energy Secretary Rick Perry on Friday ordered FERC to rescue at-risk nuclear and coal generation by ensuring they receive “full recovery” of their costs. Perry’s extraordinary Notice of Proposed Rulemaking, invoked under Section 403 of the Department of Energy Organization Act, requires FERC to complete a final rule within 60 days after publication of the NOPR in the Federal Register.
OPEC sees higher oil demand, signs of tighter market
LONDON (Reuters) – OPEC on Tuesday forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its production-cutting deal with non-member countries is helping to tackle a supply glut that has weighed on prices. In a monthly report, the Organization of the Petroleum Exporting Countries said the […]
Hurricane Harvey’s Impact On Natural Gas Prices
Truthfully, I feel stupid writing about Hurricane Harvey and energy prices, in light of the horrifically sad situation in Houston and surrounding Gulf Coast areas. But Texans themselves know best that the show must always go on, and the great dry out of the great city has begun. I take strong comfort knowing that Texans are always cheered up by […]
Landmark Court Ruling Could Jeopardize This Major Pipeline
U.S. natural gas enjoyed an “eclipse rally” this week. With NYMEX prices jumping nearly 7 cents per MMBtu after the blackout impacted an estimated 12 GW of solar power across America. But elsewhere the news for natgas developers was less rosy. With U.S. courts handing down a critical decision yesterday, that could jeopardize the future […]