Posts filtered by tags: Public Utility Commission Of Texas[x]


Texas Officials Temporarily Halt Private Energy Companies From Sending Customers Absurd Bills

Folks across Texas are receiving outrageous energy bills in the wake of widespread utility shutoffs during last week’s cold snap. Thankfully, state officials issued some stopgap measures on Sunday to protect them from those ridiculous financial burdens.Read more...
Tags: Texas, Science, Articles, Public Utility Commission Of Texas, Griddy, Energy In Texas, Electricity Market

Texas is banning electricity companies from shutting off service for unpaid bills after storms caused prices to surge

Public Utility Commission of Texas said the ban is temporary and intended to help Texans while state leaders consider other solutions.
Tags: Texas, Public Utility Commission Of Texas

Texas utility commission orders delay of power disconnections due to concerns over high bills

The Public Utility Commission of Texas issued several orders Sunday aimed at protecting Texans from extremely high electric bills after...
Tags: Texas, Public Utility Commission Of Texas

Houston Investors Step Up to Bring Tech Innovation to the Energy Sector

Houston—A new crop of investors are backing efforts to support oil-and-gas innovation in Houston—just over three years after the Surge energy accelerator shut its doors.BBL Ventures, a newly formed investment and consulting firm that focuses on energy technologies will next week formally announce an accelerator program at Station Houston next week. The idea, co-founder Patrick Lewis explains, is to buttress the traditional accelerator model with consultancy services, research, and early-stage c...
Tags: Energy, Startups, Cloud, Apps, Accelerator, New York, Texas, Big Data, Funding, Trends, Tech, ExxonMobil, Investment, Analytics, Vc, Software

Sempra Energy to buy Oncor for $9.45 billion in blow for Berkshire: Reuters

Sempra Energy said it will buy Oncor for $9.45 billion in cash after Energy Future Holdings Corp, which indirectly owns Oncor, abandoned a deal to sell the power transmission company to Warren Buffett’s Berkshire Hathaway Inc. San Diego-based Sempra expects to own about 60 percent of a reorganized Energy Future after the transaction that is valued at $18.8 billion, including Dallas-based Oncor’s debt, it said late on Sunday. The development represents a rare blow for Buffett, who avoids bidding ...
Tags: Texas, Trends, M&a, Dallas, Berkshire Hathaway, Warren Buffett, Morgan Stanley, Berkshire, Buffett, Reuters, Elliott, Sempra Energy, Oncor, Elliott Management Corp, Public Utility Commission Of Texas, Sempra

Buffett’s Berkshire Hathaway nears $18 bln deal for Oncor, say sources: Reuters

The energy unit of Warren Buffett’s Berkshire Hathaway Inc is nearing a roughly $18 billion deal to acquire Oncor Electric Delivery Company LLC, people familiar with the matter said, three years after the utility’s parent entered bankruptcy. The deal is a bold bet by Buffett that he can win approval for the acquisition from Texas regulators, after they blocked two earlier attempts to sell Oncor, one of the largest U.S. power-transmission networks, to other companies. It also represents a return ...
Tags: Florida, Texas, Trends, United States, M&a, Berkshire Hathaway, Warren Buffett, Wall Street Journal, Berkshire, Buffett, Reuters, Elliott, Goldman Sachs Group Inc, PacifiCorp, NV Energy, Berkshire Hathaway Energy

NRG settles with activist investors, appoints two directors: Reuters

Power company NRG Energy Inc said it would appoint two directors in a settlement with activist investor Elliott Management and private equity firm Bluescape Energy Partners. John Wilder, a Bluescape Energy executive, and Barry Smitherman, former chair of the Public Utility Commission of Texas, have been appointed to the board. The company said Howard Cosgrove and Edward Muller would retire from the board. NRG also said it would set up a five-member committee to look into cost cutting, asset sale...
Tags: Trends, People, NRG, Reuters, Elliott Management, NRG Energy Inc, Public Utility Commission Of Texas, Bluescape Energy Partners John Wilder, Bluescape Energy, Barry Smitherman, Howard Cosgrove, Edward Muller

Current Water Utility CCN Decertification Issues At The Public Utility Commission Of Texas

The responsibility for the regulation of water and sewer service, including the oversight of certificates of public convenience and necessity , was recently transferred from the Texas Commission on Environmental Quality to the Public Utility Commission , effective September 1, 2014. Senate Bill 567 and House Bill 1600 transferred "the powers, duties, functions, programs, and activities . [Link to media]
Tags: House, Texas Commission on Environmental Quality, Public Utility Commission, Public Utility Commission Of Texas

CenterPoint CEO touts Houston electricity project moving forward

CenterPoint Energy Inc. (NYSE: CNP) President and CEO Scott Prochazka said he is pleased its "Houston Import Project" is moving forward despite continued opposition from two of the region's power generators. Prochazka said the project to provide the Houston-area homes and businesses with more long-term electricity capacity is on track to be built by late 2017 or early 2018 if everything goes as planned now that the Public Utility Commission of Texas has unanimously declined complaints by NRG En...
Tags: Houston, NRG Energy, Public Utility Commission Of Texas, CenterPoint, CenterPoint Energy Inc NYSE, CNP, Scott Prochazka, Houston Import Project, Prochazka