.The Texas Energy Report

17 Years Bringing You News from the Energy Capital of the Planet
 
.The Texas Energy Report

State Budget Certified, Governor Ready to Sign

Comptroller lauds the Legislature for passing education and property tax reforms but notes that long-term liability concerns continue to put downward pressure on the state’s credit rating

 

June 11, 2019

 

The governor’s signature is all that’s needed for the new Texas biennial budget to become law.

Comptroller Glenn Hegar has certified the general appropriations act approved by the legislature — House Bill 1 with more than $250 billion in spending for 2020-21 — and sent it to Governor Greg Abbott‘s desk…..
 

Gasoline Prices Decline as Summer Begins: Alex Mills

June 10, 2019

 

By Alex Mills

 

School is out. Before long families will load up the SUV and begin heading down the highways. They will find a decline in gasoline prices in recent weeks that are an average of 13 cents lower than last year.

The Energy Information Administration reports gasoline prices averaged $2.69 per gallon in the U.S. last week down from $2.82 in 2018. Texas had the lowest price of $2.42, and California had the highest at $3.928.

Gasoline prices peaked in July 2007 at $4.05 per gallon. The most recent low price occurred in February 2016 at $1.63.

The major reason for the decline has been a decrease in crude oil prices, which have dropped almost $20 per barrel from a high of $70 a few months ago. Oil closed on the New York Mercantile Exchange at $51.64 on Wednesday, declining $1.75 during the week….
 

It’ll Be Days Before All Power To 200,000 Is Restored In North Texas Following Storms: Oncor

Fallen trees being removed, outside crews called in as Dallas-Ft. Worth area cleans up following storms

 

June 10, 2019

 

About 200,000 Oncor customers in North Texas are still without power Monday evening after high winds destroyed power lines and distribution equipment during Sunday storms……
 

How the Corps of Engineers Removed 1.5 Million Pounds of Radioactive Material From a Ship Off the Texas Coast

June 4, 2019

 

By Christopher Gardner, US Army Corps of Engineers

 

The U.S. Army Corps of Engineers recently completed the safe removal of more than 1.5 million pounds of radioactive material from STURGIS — a WWII Liberty Ship turned into the first floating nuclear power plant in the 1960s.

The Corps’ Baltimore District was tasked with the unique mission to decommission and dismantle the STURGIS, and its nuclear reactor, known as MH-1A, which was used to generate electricity for military and civilian use in the Panama Canal for several years before being shut down in 1976….