Iberdrola planning large pumped-storage plant
The 850-megawatt (MW) Muela II Hydroelectric Power Plant will be added to the Cortes-Muela Hydroelectric Complex to increase pumping capacity from 555 MW to 1,110 MW and for the complex to reach a total power output of 1,260 MW.
The $304 million project began construction in March 2007 on the Jucar River in Spain.
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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…
