Reports related to this article:
Pipeline(s): View 1 related pipeline in PECWeb
Plant(s): View 2 related plants in PECWeb
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
POWER
NextEra Acquires Ownership Interests in Natural Gas-fired Plants from Southern Company - NextEra Energy Incorporated (NYSE:NEE) has completed the acquisition of Southern Company's (NYSE:SO) ownership interests in the Stanton and Oleander natural gas-fired power plants in Florida. (Plants 1512603, 1037299)
Texas' Reserve Power Margin to be Tighter Than Expected This Summer - Higher-than-expected demand for electricity coupled with cancellations of planned power generation projects will leave less room for error in the coming summer, according to the manager of Texas' power grid. The Electric Reliability Council of Texas (ERCOT) is forecasting next summer's reserve margin for electricity, an important measure of the cushion between expected supply and demand, will be 8.1%, which is 2.9% lower than ERCOT predicted back in May. (Fuel Fix)
PIPELINES
DCP's Sand Hills Pipeline Expansion Now in Service - DCP Midstream LP (NYSE:DCP) announced that the newly expanded capacity of the Sand Hills natural gas liquids pipeline has been placed into service. This most recent expansion of 45,000 barrels per day (BBL/d) brought the pipeline's total capacity to 485,000 BBL/d. (Pipeline 3515657) (Globe Newswire)
CRUDE OIL
Some Canadian Producers Push Back as Alberta Orders Oil Cuts - This Reuters article discusses how several oil companies in Canada pushed back on Monday against Alberta's mandated cuts in crude production, warning about excessive government intervention even as the discount on Canadian crudes narrowed sharply on the curtailment plan. (Reuters)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
POWER
NextEra Acquires Ownership Interests in Natural Gas-fired Plants from Southern Company - NextEra Energy Incorporated (NYSE:NEE) has completed the acquisition of Southern Company's (NYSE:SO) ownership interests in the Stanton and Oleander natural gas-fired power plants in Florida. (Plants 1512603, 1037299)
Texas' Reserve Power Margin to be Tighter Than Expected This Summer - Higher-than-expected demand for electricity coupled with cancellations of planned power generation projects will leave less room for error in the coming summer, according to the manager of Texas' power grid. The Electric Reliability Council of Texas (ERCOT) is forecasting next summer's reserve margin for electricity, an important measure of the cushion between expected supply and demand, will be 8.1%, which is 2.9% lower than ERCOT predicted back in May. (Fuel Fix)
PIPELINES
DCP's Sand Hills Pipeline Expansion Now in Service - DCP Midstream LP (NYSE:DCP) announced that the newly expanded capacity of the Sand Hills natural gas liquids pipeline has been placed into service. This most recent expansion of 45,000 barrels per day (BBL/d) brought the pipeline's total capacity to 485,000 BBL/d. (Pipeline 3515657) (Globe Newswire)
CRUDE OIL
Some Canadian Producers Push Back as Alberta Orders Oil Cuts - This Reuters article discusses how several oil companies in Canada pushed back on Monday against Alberta's mandated cuts in crude production, warning about excessive government intervention even as the discount on Canadian crudes narrowed sharply on the curtailment plan. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
