Lower oil and potash prices and sales impact provincial revenues, but surplus still intact
Lower potash and oil prices have put a half-billion dent into Saskatchewan’s budget forecast, but the province is still forecasting a $485.5 million surplus at first quarter and intends on retiring up to $1 billion in operating debt remains on track.
Another hot day in Texas, another electrical grid alert warning
Despite being home to some of the best energy resources on the planet, the Texas electrical grid once again issued a grid alert, also referred to as a “conservation appeal,” on Wednesday, Aug. 30. This was was the second day in a row for the Lone Star State, and the eighth over the last two weeks, according to the Houston Chronicle. According to the grid operator’s X account, similar grid alerts occurred on Aug. 17, 23, 24, 25, 26, 27, 29 and 30.
Dustin Duncan moved to Crown Investments in cabinet shuffle, Reiter and Eyre stay put
The mid-summer cabinet shuffle has become something of a tradition with the Saskatchewan Party government, and there were substantial changes in many of the key ministries, including Crown Investments Corporation; Health; Environment; Highways Corrections, Policing and Public Safety. But among the unchanged are two of the portfolios dealing with the “energy transition” and energy – Jim Reiter as minister of Energy and Resources, and Bronwyn Eyre as Minister of Justice and Attorney General.
Alberta and Texas continue to struggle keeping the lights on; Alberta issues second electrical grid alert in two days
Two of the most energy-rich jurisdictions on the planet, Alberta and Texas, struggled to keep the lights on Tuesday evening. The Alberta Electric System Operator (AESO) declared its second “grid alert” in two days on Tuesday evening, as did the Electric Reliability Council of Texas (ERCOT). ERCOT issued its previous alert on Sunday.
With brownouts a possibility, Texas issues another grid alert on Tuesday, its second in three days
Both Texas and Alberta have been leaders in their respective nations in the implementation of large amounts of wind and solar power generation and the abandonment of coal-fired power generation for the sake of the “energy transition” and reduction of greenhouse gas emissions. And both, in recent days, have been issuing grid alerts when the temperatures are hot, wind power falters, and the sun starts to go down.
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