Electricity Grid

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Hawaiian Electric Agrees to Pay About Half of $4 Billion Maui Wildfire Settlement

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(Reuters) – Hawaiian’s largest utility said on Friday it had agreed to pay roughly half of a more than $4 billion legal settlement that will compensate victims of last year’s deadly Maui wildfires. Blazes tore through Maui on Aug. 8 2023, killing over 100 people, destroying the historic coastal town of Lahaina and causing damage …

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US Power Producers Binge on Ultra-Cheap Gas

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By John Kemp LONDON, July 30 (Reuters) – U.S. electricity generators consumed a record amount of gas in the first four months of the year as prices slumped to the lowest level in real terms for more than half a century. Ultra-low prices encouraged more power production from some of the least-efficient single-cycle gas and …

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CenterPoint Energy Sees up to $1.3 Bln in Restoration Costs After Hurricane Beryl

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(Reuters) – Electric and gas utility CenterPoint Energy (CNP.N) said on Tuesday it expects total costs to restore facilities damaged by Hurricane Beryl to be in the range of $1.2 billion to $1.3 billion. Earlier this month, Hurricane Beryl made landfall near the coastal town of Matagorda, Texas, causing significant damage to CenterPoint electric subsidiary’s delivery system. Nearly …

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Almost 20% of Americans Face Prospect of Higher Electric Bills

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PJM set to release pricing details for securing power supply Baltimore, Virginia are poised to earn premiums in auction More than 65 million Americans are facing the prospect of significantly higher electricity prices next year, thanks to shrinking energy supply and rising demand on the biggest US electric grid. An increase for the year starting …

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Nearly a Million Homes, Businesses in Texas Still Without Power After Hurricane Beryl

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By Arathy Somasekhar (Reuters) – Nearly a million homes and businesses in Texas remained without power on Friday, five days after Hurricane Beryl made landfall with fierce winds and rain that knocked down trees and electricity infrastructure. CenterPoint Energy , the largest power provider in Texas, said about 860,000 of its customers remained affected. It has …

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More Than 300,000 Homes Without Power in Texas Due to Hurricane Beryl

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(Reuters) – Over 300,000 homes and businesses in Texas were without power on Monday as Category 1 hurricane Beryl made landfall, according to data from PowerOutage.us. Hurricane Beryl made landfall near Matagorda, Texas, but was forecast to weaken later on Monday and Tuesday as it moves inland. CenterPoint Energy, which supplies nearly 2.6 million customers, …

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China’s Rapid Renewables Rollout Hits Grid Limits

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Electrical pylons and power lines are seen in Yanqing district of Beijing, China December 17, 2021. REUTERS/Tingshu Wang/File Photo By John Kemp (Reuters) – China’s record-breaking deployment of wind and solar capacity has worsened regional power imbalances, forcing the country to idle increasing amounts of renewable generation when it overwhelms local consumption. New government regulations aim …

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U.S. Peak Power Pollution Season Gets Underway

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By Gavin Maguire (Reuters) – The month of July kicks off the annual peak period for power emissions in the United States, as higher nationwide temperatures ratchet up use of energy-intensive air conditioners and spur power firms to crank up output from fossil fuels. The July-to-September quarter has marked the quarterly high point for fossil …

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Texas Power Demand to Break June, July Records in Heat Wave, Grid Operator Says

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The Texas power-grid operator forecast on Wednesday that electricity use will break peak-demand records for June and July over the next week as homes and businesses crank up air conditioners to escape a heat wave. In response to that demand spike, spot power and natural gas prices jumped to their highest levels since earlier this …

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Tech Firms Ask NextEra for Enough Electricity to Power Entire Cities

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AI is fueling a boom in the development of US data centers CEO says NextEra would consider restarting a nuclear plant Technology companies are so desperate to build massive data centers in the US that they’re asking clean-energy giant NextEra Energy Inc. to find them locations with enough electricity to power entire cities. “We’ve had some come …

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