October 2021 « Page 3 of 3 « Centerpoint Energy

Dominion Energy’s Sneak Energy Gets $4.9B in Loan Facility and Renewable Energy Investment

October 8, 2021

In a $4 billion deal, Dominion Energy will invest $4,977 million to expand its “sneaky energy” unit of its energy portfolio.

The unit, which will have 30,000 residential customers, will help expand its footprint for renewable energy and reduce the need for fossil fuel power plants, Dominion said in a statement.

The new investment will help the company reach its goal of 100 percent renewable energy by 2040.

Dominion has made strides in reducing its reliance on coal-fired power plants and will be the first of the state’s largest utility companies to be fully renewable.

With a $7 billion federal loan, Dominion will invest in renewable energy projects, as well as purchase energy from wind and solar power sources.

“Dominion is on track to meet its 2050 target of 50 percent renewable by 2026, and this deal provides an important incentive for Dominion to accelerate its transition to more efficient energy sources,” said Mark J. Brown, senior vice president for Dominion’s Renewable Power, which is responsible for the state utility’s energy portfolio and operations.

This investment will create 100,000 new jobs in the state and support Dominion’s commitment to create more than 150,000 jobs in renewable sectors in the next two decades, said John R. Woodruff, Dominion’s director of energy policy.

In addition to the $4 million in funding, Dominion has already invested $3.6 billion in renewable investments.

Dominion has more than 20 renewable projects under construction and is in the process of selecting a new investor.

CPL, Heat Energy to boost Texas production by 3.8 million barrels per day

October 7, 2021

By The Associated PressPosted Mar 25, 2018 06:51:52The state’s top utility is considering buying natural gas from a private gas company and then using the money to buy more than 3 million barrels of oil from Texas.

Energy Transfer Partners said Tuesday it has been in talks with energy companies that have offered the option to buy a majority of the energy used by the state’s electric power grid.

The company has a contract to sell the gas to Texas and will receive royalties on the sales if the contracts are approved.

The utility is looking to buy enough gas to satisfy demand during peak hours.

Energy transfer Partners spokeswoman Jessica Broughton said the company expects to get its first order from a pipeline this month.

The Texas Railroad Commission, which regulates natural gas, would also have a role in approving any transaction.

She said the state has an opportunity to become energy independent, but Energy Transfer Partners is not yet committed to making that happen.

“I think it is a really great opportunity for Texas to become a truly energy independent state,” Broughttton said.

Energy transfers main goal is to have 1 million barrels a day of gas for the grid by 2025.

It plans to use that to sell to Texas as well as to other markets, including China and Brazil.

The utility is buying the gas from the Texas Electric Reliability Corp., or TERC, a subsidiary of ExxonMobil.

It has an option to purchase the gas directly from TERC for $7.8 billion.

The transaction would require approval by the Texas Public Utility Commission.

“This will be a big step for Texas,” said John D. Miller, chairman of the Texas Commission on Environmental Quality.

The deal would also give the utility a bigger stake in the energy market and reduce costs for other utilities.

Miller said the deal also could open the way for future deals between TERC and private companies.

It would be up to the utilities board of directors to approve the transaction.

The TERC board is expected to vote on the deal Tuesday.

Texas is a net exporter of gas, making it one of the top markets for buying natural-gas from abroad.

How to spot the solar energy trend, in 6 charts

October 1, 2021

By Mark O’LearyA chart is a graphical representation of a trend.

You can see a trend, and predict it with a few simple rules.

Here’s how you can spot the Solar Energy trend in 6 easy steps.1.

Know your target: If you want to get a good feel for the trend, you can use a simple formula to figure out the price-to-power ratio.2.

Look for trends that go back to the mid-1990s, with a high price-per-Watt and high average-price ratio.

This is when the solar industry was on the cusp of its biggest surge in price.3.

Look at the data: Look at trends in the energy industry that go from solar to battery, and vice versa.

For example, solar PV is currently driving a surge in electric cars, and electric vehicles are making a big comeback.4.

Watch out for trends in energy supply and demand.

For instance, if solar is growing, that means the grid will become more efficient and less dependent on fossil fuels.5.

Watch for trends around costs and the impact of policies on the market.

For more on energy, check out our free energy blog.

Centerpoint Energy

Month: October 2021

CPL, Heat Energy to boost Texas production by 3.8 million barrels per day

How to spot the solar energy trend, in 6 charts

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