Archive for May, 2012

Texas Power Reserve Outlook is Positive, explains latest report

The following article from Restructuring Today
provides a good perspective on the power capacity and its future in Texas.

ERCOT reserve outlook is positive, explains latest report
05/23/2012
Restructuring Today
Staff

ERCOT’s reserve margin picture for the next few years improved since December, though the ISO is still predicting total supplies will slip below its 13.75% reserve target in 2014.

“To ensure future electric reliability in the ERCOT region, we need to take immediate steps to address this issue — on both the supply side and the demand side of the resource adequacy equation,” said ERCOT CEO Trip Doggett.

The latest capacity, demand and reserves report released yesterday showed that power supplies would stay above the reserve margin next year, though it will take the units that returned from mothball status this summer to stay online and the Sandy Creek unit to start on schedule. Sandy Creek, a 925-MW coal plant, was supposed to start producing power this summer but was delayed due to an equipment failure late last year.

Without any new units by 2014, ERCOT is projecting that the reserve margin will slip to 9.8% — still an improvement over December’s report (RT, Dec-22), when the reserve margin was expected to fall to 7.6% in 2014.

The ISO saw 1,240 MWs of mothballed capacity return to service since December and ERCOT believes that will stay running for the foreseeable future, its Director of System Planning Warren Lasher said on a conference call yesterday.

Luminant brought back 1,130 MWs of coal-fired generation that it said would have been mothballed had the EPA’s Cross State Air Pollution Rule — now under a judicial stay — gone into effect this year as planned.

The report predicted a negative reserve margin in 2022, by which time more new generation than is currently forecasted will have been built, said Lasher. ERCOT was set to slip into a negative reserve margin in 2020 in December’s report.

The forecast for 2016 includes 3,657 MWs of new gas-fired capacity, over 2,000 MWs of new wind power, 900 MWs of new coal-fired generation and 60 MWs of solar. However, with demand expected to rocket up to a peak of 73,957 MWs from 2013′s 65,649 MWs, that will still leave the reserve margin at just 6.5%.

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TEXAS UNEMPLOYMENT RATE DROPS TO 6.9 PERCENT

 The Texas unemployment rate dipped below the 7 percent level for the first time since March 2009  as reported by the Texas Workforce Commission.

The Texas Workforce Commission announced this morning that the state unemployment rate has dipped to 6.9 percent and is now at the lowest level in three years.  

Texas added 13,200 jobs in April with 12,200 of them being added in the private sector while government added a only 1,000 jobs.   The biggest gains were in construction, adding 7,300 jobs and manufacturing adding 6,300 jobs to the economy.  

Today’s jobs report gives evidence once again to Texas being a state that is well established in economic recovery.  The state’s jobless rate is more than a point lower than the 8.1 percent national rate.

Extreme Engineering’s Manufacturing Plant Moving to Athens

May 16th, 2012 | Sharon Cook
  1. Extreme Engineering’s executive team unanimously accepted Athens proposal to move the manufacturing plant to Texas.  

 Extreme Engineering, the world leader in climbing walls, zip lines, jumper systems and adventure products has unanimously accepted Athens’ proposal to move the California manufacturing plant to Texas.  “The move is an exciting transition and has been long overdue for Extreme Engineering” states Philip Wilson, Director of Marketing with Extreme Engineering.  Jeff Wilson, president/CEO with Extreme Engineering explains, “By strategically placing our manufacturing plant in the middle of the US, Extreme Engineering can cost effectively produce product, streamline shipments anywhere in the country and all over the world, maintain manufacturing in America and now we are part of the Great State of Texas!”

Johan Engelbrecht, Director of strategic planning with Extreme Engineering, worked closely with Brian J. Malone, President/CEO of Athens EDC, along with Bob Gould, Chairman of the AEDC Board, to secure final project approval. The AEDC Board has graciously provided Extreme Engineering an approved proposal that consists of funding, a manufacturing plant and an additional loan to make the move seamless as possible.  The project funding will be shortly available and the move will be taking place this year.  

Click here to read more.