Electric entities will use this information to plan load-shed procedures during an energy emergency.” “Critical gas facilities are now able to, and required to, submit their information to electric utilities. The rules adopted by RRC on Tuesday “address the issue that some critical gas suppliers were not eligible for critical load designation and had their power cut off inadvertently” during the freeze, the RRC noted. and its six regional entities concluded that natural gas-fired power generators accounted for 58% of all unplanned outages, derates or failures to start during Uri. The surge in gas demand during Uri led to an estimated $1.14 billion spike in costs for the state’s natural gas customers.Ī recent report by the Federal Energy Regulatory Commission and the North America Electric Reliability Corp. The event also prompted bankruptcies and lawsuits. A July report from the Texas Department of State Health Services attributed 210 deaths statewide to Uri. Uri caused more than 30 GW of electric generation capacity to go offline and thousands of people to be in the dark during freezing temperatures for days. RRC has estimated the rulemaking would require compliance from about 6,200 operating companies. RRC Chairman Wayne Christian said the commission “ adopted a ‘critical designation’ rule to ensure our natural gas supply is prepared for future energy emergencies…critical facilities including more than 19,000 of the state’s natural gas production facilities will be required to weatherize and be prepared to operate in future winter weather events.” Excluding gas consumed by state oil company Petróleos Mexicanos, Mexico relies on imports to meet more than 90% of its consumption needs. Natural gas buyers in Mexico have expressed concern about a similar supply/price shock occurring this winter. hubs key to Mexico to surge as high as $400/MMBtu.
Lookup looks at 9th position in result vector $C$2:$C$11 and returns the value, which is 50.24 here.The cold snap caused a 20% plunge in natural gas production in the south-central United States, dented pipeline exports to Mexico by as much as 1 Bcf/d, and caused gas prices at U.S.
Since the maximum value is 1 here, LOOKUP returns last 1 according to its property, which is at 9th position in array. TRUE if cell in A2:A11 contains “gold” else FALSE. (A2:A11="gold"): This statement returns an array of TRUE and FALSE. We use this feature to get latest price of an item in the list. So, the LOOKUP function returns last value found that was less than lookup value. It works on the method of retrieving last matched value. Here I have used absolute references for lists so that they don’t change when copied down.
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