Offshore Developments Could Potentially Affect ERCOT
In the energy industry, many markets are seeing an emphasis on renewables, energy opportunities, and new technology. In the Gulf of Mexico, for example, offshore developments are being considered. According to Associated Press, an American non-profit news agency, "the agency that oversees offshore leases will publish a request for interest Friday in the Federal Register, for areas off Louisiana, Texas, Mississippi and Alabama," although the exact areas have not been defined. This could have direct impacts on the Electric Reliability Council of Texas (ERCOT), Midcontinent Independent System Operator (MISO), and State Emergency Response Commission (SERC).
These changes will rely heavily on the support of oil and gas industries. "Although the main focus is on wind energy, the Bureau of Ocean Energy Management is also seeking information on other renewable energy technologies," says the Interior Department.
Once published on Friday, June 11, 2021, a 45-day public comment period will start and those who wish to provide feedback about the usage of the land, environmental consequences, and other input may do so during this time.