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Texas deep freeze carnage thread


immamac

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On Tuesday, lawmakers on the Senate Business and Commerce Committee were frustrated that the new law allows natural gas companies to opt out of weatherization requirements if they don’t voluntarily declare themselves to be “critical infrastructure” with the state.

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The state’s largest power generation company, Vistra Corp., has begun weatherizing its infrastructure, Vistra senior vice president Amanda Frazier told senators. But the company relies heavily on buying natural gas from other companies to fuel its power plants.

“So you’re weatherizing your plants, but your fuel supply is not?” Nichols asked Frazier during Tuesday’s hearing.  

“It’s an enormous concern of ours,” Frazier said.

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They also criticized the timelines laid out by the legislation they approved earlier this year and by the rule-making process now underway at the Railroad Commission that has made weatherizing the state’s natural gas system — a key component of the power grid — a slow, frustrating task.

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Senators told Wang they want the Railroad Commission to move more quickly to require gas companies to weatherize their equipment.

“I recognize the urgency,” Wang said.

“I don’t think you do,” said state Sen. Donna Campbell, R-New Braunfels.

Looking Up Ice Hockey GIF by NHL

 

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1 minute ago, Updawg said:

Won’t take long for this to go cloak room but either they know something we don’t or they are already covering their their ass.

Those fuckers spent like 15 mins on the issue during the regular session. They know what’s going on but scared they fucked up

I started one last winter in the middle of snowmaggeddon.

Too tired to give a damn at the moment.

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They know exactly what they did, they expect us to believe they all missed the year 2022 in their own legislation?

Grift, gaslight, and deflect, they all got the memo. Third-world countries have nothing on us in the corruption department. And they'll get away with it.

Unless.....I really don't want a bad winter, but I really want these assholes to be held accountable by the public, just at any level FFS. This is malfeasance on a grand scale.  We all saw it coming but damn if it still isn't like turning your back to the waves just once and getting dragged under again.

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33 minutes ago, ChuckNorrisActionJeans said:

the "something is going on" is that they very purposely failed to do anything to require weatherization or other actions sorely needed before this winter and want to proactively be loud and blame another entity well before the shit hits the fan again? What am I missing 

Your avatar frighteningly matches up with this.

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  • 3 years later...

They fucking pulled an Enron on us:

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For decades, Texas’s major pipeline companies have covertly squeezed gas supplies before cold snaps and hurricanes.

In doing this, the plaintiffs argued, they have driven up the price, and then using the ensuing disaster as a cover to break existing contracts, freeing up their gas supplies to be sold for newly-soaring prices on the spot market.

“Winter Storm Uri followed this playbook,” the suit argues, “and indeed represents the most egregious example of Defendants’ manipulation and their greatest heist yet.”

https://thehill.com/regulation/court-battles/4896585-texas-gas-manipulation-lawsuit-uri/

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Have no fear - the legislature already approved of the theft and will, no doubt, make sure that the law is on the side of the O&G business and NOT on the side of the consumer.

 

The facts in the article are pretty detailed and damning.  

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Through decades of company employees driving, hiking and backpacking along the nation’s pipelines, they have turned a collection of numerical waypoints and coordinates into a usable map that allows them to track the gas shipments of specific pipelines. This data, CirclesX’s court filing argues, shows that as warnings of the coming storm began in the month before Valentine’s Day 2021, the defendants began moving gas from the interstate pipeline network — which is regulated by FERC, and requires daily reports on gas flows — to the far-less-regulated Texas-only network.

As the storm grew, Energy Transfer Partners declared force majeure and broke its contracts with Houston power plants dependent on gas from the Bammel gas field — which is connected to Houston by a pipeline it owns.

“Houston was out for a week and a half, two weeks in some neighborhoods, with the biggest storage field in the state right next to it,” he said. “And the gas was flowing — but not to Houston.”

Instead, Simpson told The Hill, that CirclesX showed that after insisting the gas could not flow, Energy Transfer Partners then sold it at inflated prices to the Brazos Electric Power Cooperative in San Antonio — leaving Brazos with $2.1 billion in costs and driving it into bankruptcy.

It would seem that this could be proven pretty easy if they really do have the data.  

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2 hours ago, Hagbard Celine said:

dude, wheels was busy protecting the grid by keeping the lights on in rona-empty office buildings while 40% of the state almost died from exposure

He personally kept those building powered by rolling on his wheel. 

 

images (22).jpeg

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10 hours ago, Dendox said:

This data, CirclesX’s court filing argues, shows that as warnings of the coming storm began in the month before Valentine’s Day 2021, the defendants began moving gas from the interstate pipeline network

Is this even possible?

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5 hours ago, Bevo said:

Is this even possible?

If there's a storm brewing and they make the business decision to artificially constrain supply RIGHT before the storm hits, it doesn't really matter how sure they were. Their intent was to goose profit margins under the cover of a winter storm. 

Their mistake was that they were too successful and drew too much attention to their market manipulation 

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Wouldn’t shock me at all that companies involved with electrical generation understand and implement strategies to increase profits during a crisis. Why wouldn’t they do that. Lord knows that they won’t even publicly be shamed much less punished. I suppose the PUC or ERCOT could tell their CEO, behind closed doors, to be more careful about getting caught.

 

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31 minutes ago, Captainant said:

If there's a storm brewing and they make the business decision to artificially constrain supply RIGHT before the storm hits, it doesn't really matter how sure they were. Their intent was to goose profit margins under the cover of a winter storm. 

Their mistake was that they were too successful and drew too much attention to their market manipulation 

 

It just seems strange that they could predict a storm a month out. Maybe they do it seasonally.

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24 minutes ago, Bevo said:

 

It just seems strange that they could predict a storm a month out. Maybe they do it seasonally.

I remember for this particular storm the weather nerds were all over it for more than 2 weeks before.  They may not have predicted the extent of the event but expecting a likely cold snap 3-4 weeks out seems plausible.

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21 minutes ago, Skipper said:

I remember for this particular storm the weather nerds were all over it for more than 2 weeks before.  They may not have predicted the extent of the event but expecting a likely cold snap 3-4 weeks out seems plausible.

Yea, we had lots of warning for that one. I recall weather guys circling the beginning of the vortex weeks out and saying it could be the strongest in years and would likely affect us. 

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