Higher revenues prompt Texas power makers to dust off old plants for summer

A group of Texas power generators that produce about 60 percent of the state’s electricity are planning to invest more than $100 million in existing generation facilities to prepare for the upcoming summer demand for electricity. The Texas Competitive Power Advocates which includes NRG Energy, Calpine, Vistra Energy, Tenaska and Talen Energy, are making the investments after Texas regulators last month agreed to changes in the wholesale electricity market, a move that is expected to increase revenues for power generators during times of peak demand and raise prices for consumers and businesses. Houston Chronicle

See Original

Author: Matthew Randle