Skip to content
Subscriber Only
Business
Climate changed

In a Twist, Snow Is Keeping Natural Gas Prices Down in Texas

  • Snow melt in the Sierra Nevada’s boosts California’s hydro
  • Renewables slash gas demand for power in biggest U.S. state
Video player cover image

The Coming Storm of Climate Change

Updated on
From

Natural gas in balmy Texas is feeling the chill of California’s snowy peaks 1,200 miles away.

West Coast power producers are ditching gas in favor of cheap, plentiful hydroelectric power, which is surging after the wettest year ever across the Northern Sierra Nevada range. Much of that moisture fell as snow which is now melting, soaking fields, filling reservoirs and, to the consternation of the Texas gas market, furiously spinning turbines.