Texas Summer Electricity Outlook Improving But Still Below State Goal

Texas power plants will be able to generate slightly more electricity than previous expected, according to a report released Monday by ERCOT, which manages most of the state's grid.The spread between power-generation capacity and projected consumer demand is expected to be 11 percent, up from a previously estimated 9.3 percent. That's still smaller than the state's target of 13.75 percent.ERCOT is projecting a peak summer load of 72,756 megawatts -- based on normal weather conditions. That is more than 1,600 megawatts higher than the all-time peak demand record set in August 2016.This summer is expected to be a record breaker for Texas electricity usage. The National Weather Service is predicting a 60 percent chance of hotter than normal summer temperatures for Texas.  Continue reading...