SNL Energy presents the mostread stories for the week ended Sept. 23.
Withwind turbines accounting for an increasing share of the capacity mix in Texas' wholesalepower market, the certainty around market outcomes is diminishing. ERCOT's installed windcapacity stood at 16.6 GW as of August, and will expand to 28.2 GW by the endof 2019, according to an ERCOT generator interconnection status report.
California'sgas utilities may have to use more renewable gas as a result of a bill signedinto law by Gov. Jerry Brown. Thelegislation requires state regulators to lay out recommendations for how to usemore renewable gas in the state. The regulators are to find cost-effectivestrategies for prioritizing biomethane, biogas and other renewable forms ofgas, in an effort to curb the state's methane emissions to 40% below 2013levels by 2030.
The$2.17 billion price tag AmericanElectric Power Co. Inc. fetched for four Midwest merchant assets last week could helpconvince independent power producers like Calpine Corp. and Dynegy Inc. that their best bet may be to go private.And it represents further evidence that private equity firms remain readybuyers for certain assets in select markets by utilities looking to decreasetheir merchant exposure.
Muchas it has with three similar complaints filed since 2011, FERC on Sept. 20 setfor hearing and settlement judge procedures the most recent request for theagency to lower the base rate of return on equity approved fortransmission-owning members of ISO New England Inc.
Asmall independent driller focused on the stacked gas shales south of Pittsburghplans to test the waters of the public stock markets soon. The Denver-based plans to sellat least $100 million worth of stock to finance its drilling and midstreamconstruction efforts in Greene County, Pa., where it holds leases with theUpper Devonian, Marcellus and Utica shales stacked atop each other, accordingto an IPO prospectus filed with the SEC.