Ken Lay
@PipesAndPower
Avid supporter of energy deregulation at the expense of ratepayers
Oklahoma regulators just approved securitizing $1.4 Billion of Feb ‘21 natty gas costs over 25 years. $8 per month per customer for 25 yrs to pay for $200+ ngas that should have cost $5-10. $ET $KMI fleeced them!!One of the biggest heists in history, not even front page news.
The future of energy is solar + nat gas +batteries I don't know why any of you try fighting the inevitable.
Green hydrogen rule of thumb: 1 mt/y of green hydrogen requires 10 GW electrolyser capacity, which requires 20GW RES capacity that requires $30B. Replacing grey hydrogen with green hydrogen requires entire solar & wind capacity currently in operation. 🔗esmap.org/Hydrogen_Finan…
This is the craziest opportunity. Someone, please, let's buy a shit ton of spodumene concentrate and warehouse it in Perth or Minas Gerais for 2 years. We're gonna 4x our money.
@Blackrock violates its own ESG guidelines on how it wants to be treated as shareholder when it is instead the fund manager. Should ESG conscious clients across their $9 trillion AUM hold them accountable?
As of Q2 2022, Texas had almost as much wind, solar, and energy storage under construction (12,204 MW) than the next 5 states combined and over three times as much as the next closest state of California (3,757 MW). @USCleanPower cleanpower.org/resources/clea…
1) Has $BLK, the dean of stakeholder capitalism, forgotten about the "G" in "ESG"? The firm is changing how it calculates certain key metrics, inflating profitability by hundreds of millions of dollars... [thread]
🇺🇸 Late-cycle checklist: Wages >4% ✅ Peak margins ✅ Tight labor market ✅ Closed output gap ✅ Extreme valuations ✅ Oil 70% above trend ✅ Peak earnings revisions ✅ Declining mfg sentiment ✅ Plunging consumer conf. ✅ Inverted 2s10s (<40bps) ❌ Fed hiking into a slowdown ✅
Okay there’s a LOT going on in the breaking news from @orlandosentinel @Jason_Garcia @reporterannie today. Here’s a thread that breaks down some of the highlights, but PLS read the full article for all the dirt and receipts. Buckle up. orlandosentinel.com/politics/os-ne…
Woodmac: Mining companies will need to invest US$1.7 trillion over the next 15 years to meet energy transition targets to 2040 ....an unprecedented amount
Hands down smartest PE shop in the u.s. power sector; I've followed these guys for 20 years now: LS Power’s Deep Pockets and Risk Appetite Could Shake Up Renewables Development greentechmedia.com/articles/read/…
How Much Will Hydrogen-Based Power Cost? powermag.com/how-much-will-…
So solar panels don’t work at night? Who knew?
up to 250,000 homes and businesses served by PG&E are losing power tonight as CA implements rolling blackouts for the first time since 2001 because of a widespread heatwave. sfchronicle.com/bayarea/articl…
Diminishing returns: Why an upcoming Utah rate case may signal the end of net metering utilitydive.com/news/diminishi… via @UtilityDive
$PCG's CFO won't provide a direct answer to the question; "What if you're undercapitalized up exiting bankruptcy." He's confident, "We're good" (Implication: We don't have a Plan B in the can.)