S&P Global Market Intelligence presents the most read stories for the week ended May 11.
1. California risks 'another crisis' without deregulation plan, top regulator says
California energy regulators are stepping up their calls for state lawmakers, utilities and ratepayers to join forces to tackle perhaps the biggest threat to affordable, reliable and low-carbon electricity for the nation's largest state economy: an exodus of utility customers to alternative suppliers amid undefined, uncontrolled deregulation of energy markets.
2. CenterPoint's plan to spin off Enable could stabilize earnings, analysts say
CenterPoint Energy Inc.'s plan to internally spin off its stake in Enable Midstream Partners would make the company's expected earnings more predictable and could even bolster Enable's stock, ratings agency analysts said in recent commentary.
3. Perry: DOE looking 'very closely' at defense law to support coal, nuclear plants
U.S. Department of Energy Secretary Rick Perry told federal lawmakers May 9 that the agency is looking "very closely" at using a 1950 national defense law to support economically struggling coal-fired and nuclear power plants.
4. TC PipeLines' plummet illustrates MLP investors' risk of cheap sponsor buyouts
After TC PipeLines LP announced a 35% distribution cut that sent share prices tumbling, investors in the TransCanada Corp. partnership and other pipeline entities reliant on drop-down asset acquisitions were put on notice that parent companies could decide to roll up the partnerships at steep discounts.
5. Grid resilience comments show continued clear divide within power sector
Few shared the coal and nuclear sectors' interest in immediate action and market rule changes to stave off retirements of baseload generation as comments on grid resilience flowed into the Federal Energy Regulatory Commission to meet a May 9 deadline.