Scottish Power to build new U.S. windfarm
LONDON, ENGLAND - Scottish Power said that its U.S. subsidiary PPM Energy would acquire and build a new windfarm in northern California, and added that the new project was likely to boost earnings.
Scottish Power said PPM Energy would build the 150 megawatt (MW) Shiloh wind project, and added it would invest around $235 million of capital in the windfarm.
The company said the Shiloh plant would make Scottish Power the current leader in U.S wind power for projects announced in 2005.
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Texas lawmakers propose electricity market bailout after winter storm
HOUSTON - An approximately $2.5 billion plan to bail out Texas’ distressed electricity market from the financial crisis caused by Winter Storm Uri in February has been approved by the Texas House.
The legislation would impose a fee — likely for the next decade or longer — on electricity companies, which would then get passed on to residential and business customers in their power bills. Lawmakers on Wednesday said they could not yet estimate how much it would impact Texans’ electricity bills.
House lawmakers sent House Bill 4492 to the Senate on Thursday after a 129-15 vote. A similar bill is advancing…
