Texas Calls for Power Conservation After Six Generators Fail

(Bloomberg) -- The Texas grid operator called on residents to conserve energy Friday after six generation facilities tripped offline amid hot weather, prompting power prices to spike. The power-plant failures resulted in a loss of about 2,900 megawatts of electricity, the Electric Reliability Council of Texas said in an email statement Friday. That’s enough power for about 580,000 homes and businesses. Natural-gas fired plants make up all of the generation that failed, an Ercot spokesman said.-- More...