Ten Energy Companies Among Top 25 Texas Businesses Rated For Diversity

April 11, 2018
Two Houston electric companies and a giant Texas oil company made the top ten list of firms with the most “diverse” leaders and executives, with a large number of energy companies making the top 25.

A new report from the National Diversity Council surveyed 101 of the biggest Texas businesses by revenue, then rated them by the number of leaders who correspond to population diversities.

The report looked at the gender, ethnicity…
 

RRC Appoints New Executive Director

April 10, 2018
Railroad Commission of Texas Interim Executive Director Wei Wang now has the job permanently.

The commission voted unanimously on Tuesday to appoint Wang as executive director, a role in which he’s served since October 16th of last year.

He joined the commission in 2013 as chief auditor…

 

Dynegy and Vistra Merge

April 9,2018

 

With final regulatory approval from the Federal Energy Regulatory Commission completed, Houston’s Dynegy Inc. will merge with Irving-based Vistra Energy Corp. on Monday, April 9th, subject to any delay, in a $1.75 billion all-stock deal.

The two companies will emerge…

 

State Rep. Tony Dale Appointed to House Select Committee on Cybersecurity: News Release

April 6, 2018

 

Yesterday, State Representative Tony Dale (R-Cedar Park) was appointed by House Speaker Joe Straus to serve on the House Select Committee for Cybersecurity. This Select Committee was created as a result of HB 8 from the 85th session.

HB 8 tasks the committee with studying cybersecurity in Texas, as well as information security plans for state agencies, and assessing the risks and vulnerabilities of state agency cybersecurity.

Rep. Dale stated on his appointment, “I thank Speaker Straus for appointing me to this committee. I look forward to working with Chairman Capriglione and the other members of to further the legislature’s efforts to help keep Texans, and their personal information, secure in cyberspace.”
 

Report Calls For Increased Monitoring, Study of Methane Emissions

April 5, 2018

 

Methane in the atmosphere has been increasing dramatically over past decades, reaching a spike in 2016, according to a new report from the National Academy of Sciences.

Calling methane a strong greenhouse gas that’s responsible for about one-quarter of global warming, the report concludes that an increased effort is now needed…

 

Texas Hydraulics Expands

April 5, 2018

 

Tyler-based Texas Hydraulics is buying a Michigan company that provides similar services to utilities and other energy sources.

Wynnchurch Capital LLC-owned Texas Hydraulics…
 

Refinery Supplier Air Products Joins With Huntsman, Increases Capacity In Huge Pipeline

April 5, 2018

 

Refinery and petrochemical H2 supplier Air Products announced Wednesday that its joined with Woodlands, Texas-based chemical maker Huntsman Corp. in breaking ground on a cold box facility steam methane reformer and in Louisiana.

Air Products will own, build and operate the facility to produce carbon monoxide, hydrogen and steam, on land owned by Huntsman.

In turn, the company will supply…
 

Texas Electric Transportation Resources Alliance Kicks Off Electric Vehicle Coalition With Energy and Momentum: News Release

15 Companies and Groups, 60 People Are Backing New Organization

AUSTIN, Texas – Electric vehicle manufacturers, electric utilities, researchers, and consumer and environmental groups are forming a new organization to electrify transportation in Texas as the first step in preparing the state for what many are calling an “electric transportation revolution.”

 

The Texas Electric Transportation Resources Alliance (TxETRA) is a nonprofit organization composed of electric energy vehicle manufacturers, industry leaders, developers, distributors, producers, utilities, and environmental and transportation equity groups. Their mission is to guide and accelerate the adoption of electrical transportation in all its forms, in the most cost-effective way, providing maximum benefit to the citizens of Texas. Fifteen companies and groups, and more than 60 people are involved in the formation of TxETRA.

“Texas – with its huge transportation network – can be a leader or a laggard,” said Bobby Hill, vice president of American Sales for BYD, a global manufacturer of electric vehicles (EVs) and a founder of TxETRA. “Transportation is electrifying at high speeds across the world. We in the industry are joining with the utilities, the researchers and the advocates to create TxETRA and to work together to develop the policies we need to become a world leader in the development of these technologies. Electric vehicles are cheaper to own and maintain, and are far less polluting than a conventional vehicle. A dozen countries have banned – or are considering banning – the sale of gas and diesel engines.”

 

“TxETRA is being formed to ensure we develop policies to make Texas one of the leaders in that transition,” said Tom “Smitty” Smith, TxETRA’s interim director. Smith was the director of Public Citizen’s Texas office for more than 30 years and has been a leader in developing renewable energy policies, including in the transportation sector. “If we develop the right policies, we can absorb that increased demand for electricity and lower our electric rates. We want to accelerate the deployment of EVs and make it possible for electric vehicle owners to have enough charging stations, pay fair rates for electricity, have controls in place to reduce unnecessary charging at times when the grid is stressed due to peak demand and get paid when their car batteries are used to provide reliability services to the grid.”

 

“Our priorities are pretty clear,” said TxETRA board Chair Michael Osborne, who led the Plug-in Partners effort to develop the 10,000-plus soft orders that led to the production of GM’s Chevy Volt. “EVs are only part of the transportation transformation. Our mission is to guide and accelerate the adoption of electrical transportation in all its forms – in the most cost-effective way – providing maximum benefit to the citizens of Texas.” In the 1980s, Osborne saw the potential of Texas’ vast wind and solar energy resources. He co-founded the Texas Renewable Energy Industries Alliance (TREIA) and The Wind Coalition, both of which successfully advocated policies that helped make Texas the No. 1 wind energy producer in the nation and fifth in the world for wind energy production.

 

Phil Jones, past president of the National Association of Regulatory Utility Commissioners and former chairman of the Washington Utilities and Transportation Commission, will be the keynote speaker at TxETRA’s inaugural board meeting, scheduled for Friday in Austin. Jones is the executive director of the Alliance for Transportation Electrification, a national organization that is working on similar issues as TxETRA.

 

“We are pleased to collaborate with TxETRA, which demonstrates the strong and entrepreneurial spirit in Texas. We are working in states – with state commissions and other state agencies, utilities, EV advocates and environmental organizations – to promote accelerated deployment of EV charging stations based on uniform and open standards. We also believe that utilities have to play a strong role, working with others, in building out these charging stations so that they can manage our increasingly complex distribution grid in a reliable and cost-effective way,” Jones said.

At Friday’s meeting, board members will discuss mission, policy, outreach and ways to collaborate with similar groups across the nation.

 

“Austin is a leader in electric vehicle infrastructure, and this new coalition will help us make new advances in this arena,” said Austin Mayor Steve Adler, a strong supporter of the coalition who will be speaking at a reception following the board meeting.

 

Fieldwood Gets Restructuring Plan, Deepwater Assets

April 5, 2018

 

A Texas bankruptcy judge on Monday approved a prepackaged Chapter 11 restructuring plan for Gulf of Mexico oil reserves developer Fieldwood Energy LLC that cuts the company’s debt by $1.6 billion while adding the deepwater assets of competitor Noble Energy Inc. to its portfolio…

 

Crude Inventories Dropped Last Week: EIA and API

April 4, 2018

 

Crude oil inventories dropped 3.6 million barrels last week, the US Energy Information Administration said Wednesday in its weekly estimate of oil stockpiles.

It’s very close to Tuesday’s estimates from the American Petroleum Institute, which said there was a drop in inventories of 3.28 million barrels…