Sky-high Power Rates Spark Outrage in Rural Texas

The Texas Tribune

by Jim Malewitz

For four decades, Nancy Raney’s family has raised crops — mostly alfalfa hay right now — on wide-open land near Big Spring, about 40 miles northeast of Midland. She and her husband Hugh have run the farm for 16 of those years.
But if certain troubles persist, the couple may have to stop growing hay. Theirs, however, is not story of drought, weevils or other typical West Texas scourges.
This family’s bank-breaking trouble: skyrocketing electricity costs.
Running pumps to irrigate their fields from January to November sucks up plenty of energy along with the water. But the Raneys were …

ERCOT power prices seen hampering gas-fired projects

Platts

ERCOT power prices seen hampering gas-fired project development: sources
Developers continue to prepare to build natural gas-fired capacity in the Electric Reliability Council of Texas footprint, but low prices and the prospect of the construction of more tax-subsidized, low-cost renewable capacity has some wondering how many new gas-fired units will actually be financed and come online over the next few years.
“Market prices just don’t support financing for new [generation] assets today,” Jeff Schroeter, managing director at Dallas-based developer/consultant Genova Power Advisors, said Wednesday. “And now that the [federal production tax credit] for wind has …