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AltaGas Ltd T.ALA

Alternate Symbol(s):  ATGFF | T.ALA.PR.A | ATGPF | T.ALA.PR.B | T.ALA.PR.G | ATGAF

AltaGas Ltd. is a Canada-based energy infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. The Company’s segments include Utilities and Midstream. Its Utilities segment owns and operates franchised, rate-regulated natural gas distribution and storage utilities, which includes four utilities that operate across five United States jurisdictions. It Utilities segment also includes storage facilities and contracts for interstate natural gas transportation and storage services, as well as the affiliated retail energy marketing business. Its Midstream segment includes global exports, which includes its two LPG export terminals; natural gas gathering and extraction, and fractionation and liquids handling. Its Midstream segment also consists of natural gas and NGL marketing business, domestic logistics, trucking and rail terminals, and liquid storage capability. Its subsidiaries include Wrangler 1 LLC, WGL Holdings, Inc. and others.


TSX:ALA - Post by User

Comment by yggdrasillon Feb 19, 2021 9:47pm
170 Views
Post# 32617184

RE:RE:Texas Grid Failure

RE:RE:Texas Grid Failure You say the cost would have been too high to winterize the plants and I believe you. But that's why you need a strong regulating body to force these changes. You can't leave it up to the generators because obviously the cost to them is great, and they only need to think about their own bottom line. However this crisis hasn't just affected their own bottom line. It's affected all business in Texas to the tune of billions, and it has cost lives on top of that. So you need a strong regulating body to think about the risk and cost to the entire state. The bottom line of energy generators becomes a non-factor.

Texas needs to winterize their plants one way or another. Whether generators are made to assume all the costs of that or if state subsidies are needed can be discussed, but winterization is essential and urgent. Every other state has managed to do it, so I'm sure Texas can too.

Capharnaum wrote:
rfguysd wrote:
So  some of  the other obvious questions are:  why did ERCOT  not have additional spare capacity?  And why there was not agreement with other utilities to import electrical power? 
Of  course ,   people  deserve  to be fired.  Who design the grid  and its reliability should be fired.  There are a lot of people in trouble  for thinking cold weather doesn’t happen in Texas.  Proven severl times  wrong over the years.

PS.   Yes  the wind Turbines  were  frozen  to the point where zero output capacity due to the cold and rainy conditions.  But  the problem is more than the wind turbines failing as noteable above.

GLTA
RFguy
 


Being kind of an expert regarding supply planning and load balancing, I would go easy on throwing blame around.

When you plan grid and supply design, you plan for certain conditions (temperature, reliability, etc). It's easy to say that you should plan for harsher conditions, but the incremental cost is often crazy (say 5% increase in conditions would mean a 15% raise in energy rates across the board). So it becomes a risk vs cost situation.

Btw, how the conditions are determined depends on local jurisdiction. I don't know the specifics about Texas, but in many places its defined by the local  energy board. If the regulated energy board states that conditions x, y, z are the ones for which the grid and supply should be designed, then utilities must abide by that. Then, the staff working at the utility can't go around these specific conditions, otherwise costs will be denied when filing rate applications.

Anyway, I doubt they really find the ones responsible for this mess and each company will likely scapegoat some staff (regardless of whether their hands were tied or not).


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