• 2 hours LNG Glut To Continue Into 2020s, IEA Says
  • 4 hours Oil Nears $52 With Record OPEC Deal Compliance
  • 7 hours Saudi Aramco CEO Affirms IPO On Track For H2 2018
  • 9 hours Canadia Ltd. Returns To Sudan For First Time Since Oil Price Crash
  • 10 hours Syrian Rebel Group Takes Over Oil Field From IS
  • 3 days PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 3 days Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 3 days Syrian Rebels Relinquish Control Of Major Gas Field
  • 3 days Schlumberger Warns Of Moderating Investment In North America
  • 3 days Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 3 days Energy Regulators Look To Guard Grid From Cyberattacks
  • 3 days Mexico Says OPEC Has Not Approached It For Deal Extension
  • 3 days New Video Game Targets Oil Infrastructure
  • 3 days Shell Restarts Bonny Light Exports
  • 3 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 4 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 4 days British Utility Companies Brace For Major Reforms
  • 4 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 4 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 4 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 4 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 4 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 4 days Rosneft Signs $400M Deal With Kurdistan
  • 4 days Kinder Morgan Warns About Trans Mountain Delays
  • 5 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 5 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 5 days Russia, Saudis Team Up To Boost Fracking Tech
  • 5 days Conflicting News Spurs Doubt On Aramco IPO
  • 5 days Exxon Starts Production At New Refinery In Texas
  • 5 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 6 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 6 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 6 days China To Take 5% Of Rosneft’s Output In New Deal
  • 6 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 6 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 6 days VW Fails To Secure Critical Commodity For EVs
  • 6 days Enbridge Pipeline Expansion Finally Approved
  • 6 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 6 days OPEC Oil Deal Compliance Falls To 86%
  • 7 days U.S. Oil Production To Increase in November As Rig Count Falls

Breaking News:

LNG Glut To Continue Into 2020s, IEA Says

Trump’s Iran Decision Haunts Big Oil

Trump’s Iran Decision Haunts Big Oil

Donald Trump’s Iran decision has…

Texas Shutters More Coal-Fired Plants

Coal

In a sign that coal-fired power plants are in a weaker position to compete in the Texas electricity generation market, Vistra Energy said on Friday that it would close two coal-fueled power plants in Central Texas, taking offline some 2,300 MW of nameplate power early next year.

Vistra Energy’s subsidiary Luminant would shut down its two-unit Sandow Power Plant in Milam County, as well as and its two-unit Big Brown Power Plant in Freestone County.  

“These two plants are economically challenged in the competitive ERCOT market. Sustained low wholesale power prices, an oversupplied renewable generation market, and low natural gas prices, along with other factors, have contributed to this decision,” Vistra Energy said.

“Though the long-term economic viability of these plants has been in question for some time, our year-long analysis indicates this announcement is now necessary,” Vistra Energy’s president and CEO Curt Morgan said.

A total of 450 workers at Sandow and another 200 employees at Big Brown will lose their jobs. The company has notified the Electric Reliability Council of Texas (ERCOT) which now has to issue a reliability review. If ERCOT determines that Sandow and Big Brown power is not needed for reliability, the plants are expected to stop operations in January and February, respectively.

Just last week, Vistra Energy announced plans to retire another coal-fired plant in Texas, Monticello Power Plant in Titus County, in a sign that coal-fired power is struggling to compete with natural gas and renewables.

So far this year, U.S. coal production has actually increased compared to last year, EIA data shows, but this has been mostly attributed to higher natural gas prices this year compared to last year.  

Related: Kurdistan Accuses Baghdad Of Planning Oil Field Seizure

Coal and coal-fired capacity issues and debates have taken center stage in news flows again, after Donald Trump—one of whose campaign slogans was “Trump digs coal”—was elected U.S. President. Experts and analysts think that a genuine coal revival is unlikely.

Just last month, a U.S. appeals court upheld a lawsuit from environmentalists — saying that any leasing of coal projects on federal land must consider climate effects from the eventual burning of that coal. This week’s EPA proposal to withdraw the Clean Power Plan (CPP) is not expected to lead to a coal resurgence either.

By Tsvetana Paraskova for Oilprice.com

More Top Reads from Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • Naomi on October 15 2017 said:
    Texas has more natural gas than Qatar.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News