Welcome
Environment & Energy Report

Oil Rout Imperils Texas as Rare Bright Spot for Electricity (2)

March 11, 2020, 7:25 PM

The global collapse in oil prices threatens to hobble booming electricity demand on the plains of West Texas.

The Lone Star state’s economy is inextricably tied to crude. If drillers drastically pull back, the slowdown will ripple across its power market, reducing growth in one of the few U.S. regions where electricity demand has been surging.

That could pose challenges for Calpine Corp., Vistra Energy Corp. and other large power providers that serve the state. It could also reduce demand for new solar projects proposed by Canadian Solar Inc.’s Recurrent Energy and others.

“The Texas economy is going...

To read the full article log in. To learn more about a subscription click here.