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IEEFA update: Another Texas coal-plant closing, another market signal

IEEFA update: Another Texas coal-plant closing, another market signal

Change continues apace in one of the biggest electricity markets in the U.S.

American Electric Power’s confirmation this week that it plans to close its majority-owned 650-megawatt Oklaunion coal plant in Texas by 2020 may have surprised some people—particularly some policymakers in Washington. The plant is only 31 years old, which is well below the average age for the U.S. coal fleet. And as recently as 2013 it […]

September 28, 2018 Read More →

Little summer impact on Texas grid after closure of three coal plants

Bloomberg News: Texas’ power grid had all the right elements to create an electricity price surge in mid-July — record usage and temperatures and a supply curtailment from the shutdown of three major coal plants. But aside from a few hours here and there, not much happened. And that may prove costly for traders sitting […]

August 1, 2018 Read More →

Transition Is Enveloping U.S. Electricity Sector

Wall Street Journal: The rapid rise of wind and natural gas as sources of electricity is roiling U.S. power markets, forcing more companies to close older generating plants. Wholesale electricity prices are falling near historic lows in parts of the country with competitive power markets, as demand for electricity remains stagnant while newer, less-expensive generating […]

November 30, 2017 Read More →

New 800-Mile Midwestern Power Line Expands U.S. Wind Market

Midwest Energy News: Finished in late September after more than a decade of planning and construction, the 800-mile-long CapX2020 transmission project has prompted more than 3,600 megawatts of clean energy project proposals, according to Xcel Energy. While not all the proposals are likely to be approved by regulators, the flood of applications represents the tangible […]

November 30, 2017 Read More →

Wind Farms Are Overtaking Coal-Fired Electricity in Texas

Houston Chronicle: Wind power, by one important measure, surpassed coal last week to become the second-largest electricity source in Texas, yet another milestone in the state’s march toward greater reliance on renewable energy. When a 155-megawatt wind farm in West Texas began commercial operation this month, it pushed the state’s wind power capacity to more […]

November 28, 2017 Read More →

Texas Grid Operator Approves Company Plan to Close 2 More Coal-Fired Power Plants

SNL: The Texas grid operator, the Electric Reliability Council of Texas, found that Vistra Energy Corp.’s coal-fired Sandow and Big Brown plants, totaling approximately 2,400 MW, are no longer needed for reliability. ERCOT approved Vistra’s plan to retire the two Sandow units by Jan. 11, 2018, and Big Brown units 1 and 2 by Feb. […]

November 8, 2017 Read More →

Wind Booms, Coal Suffers in Oversupplied Texas Grid

S&P Global Market Intelligence: When Vistra Energy Corp. subsidiary Luminant Generation Co. LLC announced on Oct. 13 that it would retire two large coal plants in Texas next year, the company stated that “these two plants are economically challenged in the competitive ERCOT market” because of “sustained low wholesale power prices, an oversupplied renewable generation […]

November 1, 2017 Read More →

A One-Two-Three Market Punch Against Texas Coal-Fired Generation

SNL: The state supplied 25% of U.S. wind power in 2016, and wind capacity in the state is expected to reach 25,500 MW by 2019. Along with abundant supplies of low-priced natural gas, all that wind has helped depress energy prices in Texas: despite having, by far, the highest energy usage per capita in the […]

October 31, 2017 Read More →

As Coal Slips in Texas, Wind Picks Up

Quartz: Although the White House is leading a campaign to burn more coal, states and utilities are largely ignoring the call. In April, West Virginia rebuffed efforts by Democratic governor Jim Justice to revive its moribund coal industry. On Oct. 13, Texas announced it, too, was turning to renewables. The retirement of three coal-powered plants […]

October 18, 2017 Read More →

Power Company Announces Unexpected Shutdown by Early 2018 of Two More Texas Coal-Fired Plants

Power Magazine: Vistra Energy moved to halt a financial hemorrhage stemming from unprofitable conditions in the Electric Reliability Council of Texas (ERCOT), announcing plans to shutter two more coal-fired power plants—the 1.1-GW Sandow Power Plant (which includes a 2009-built unit) and the 1.2-GW Big Brown plant—in early 2018. The company’s decision made public on October […]

October 13, 2017 Read More →