December 18, 2020 — In a unanimous vote, the PUC on Thursday named COO Thomas Gleeson as its new executive director, replacing John Paul Urban III, who resigned last week. Mr. Gleeson earned …
December 16, 2020 — ERCOT is seeing an increasing improvement in reserve capacity over the next few years as a key part of its latest electricity generation assessment. The Electric Reliability Council of …
December 16, 2020 — Fitch Ratings has downgraded the ratings on the following bonds issued by the City of Floresville, TX on behalf of the Floresville Electric Light and Power System obligations to …
December 15, 2020 — Legendary Houston investor Fayez Sarofim will retire from the Kinder Morgan board at the end of the month. KMI said on Tuesday that Fayez was an original shareholder in …
December 15, 2020 — A former Schwab trustee board member and onetime board member at ONEOK Inc. is back in the saddle at the Tulsa company. The ONEOK board of directors elected Gerald …
December 15, 2020 — In a win for civil rights and environmental protection in Texas, the state has agreed to guarantee access to information and opportunities for Spanish-language and other non-English dominant communities …
December 15, 2020 — The Pedernales Electric Cooperative (PEC) is awarding $25,000 in community grants to local community nonprofit organizations for the fourth year in a row. Through its Power of Change program, …
December 15, 2020 — Permian Tank & Manufacturing has finished Chapter 11 bankruptcy procedures with its sale to Dallas-based New Permian Holdco LLC. The buyer pledged to continue with Giddings-based Permian Tank’s business, …
December 15, 2020 — A number of electric utility companies use the software provided by Austin-based SolarWinds, which officials say was the target of large but selective hack recently, and while utility managers …
December 12, 2020 — Houston’s Genesis Energy LP will end a cash tender offer to buy outstanding unsecured notes this Wednesday. Genesis said the offer to purchase any and all of the outstanding …
December 12, 2020 — Nestle is extending its reach among renewable power plants into the Texas market as the singular investor in a Pecos County plant that will be selling power to Goldman …
December 12, 2020 — The parent company of AEP Texas has added a DuPont de Nemours Inc. executive to its board of directors. Daryl Roberts, 51, is senior vice president, chief operations and …
December 11, 2020 — A London-based company said this week it will continue in plans to buy power plants that include one in Texas and another in New Mexico. ContourGlobal said it’s buying …
By Alex Mills Demand for petroleum products declined this year in reaction to reduced economic activity due to the COVID-19 pandemic, but the future looks much better, according to a report from the …
December 10, 2020 — The board at Houston-area fracing support services and sand production company Hi-Crush Inc. has a new team taking over. Dirk Hallen has been named CEO, while Stephen White has …
December 9, 2020 — The Railroad Commission of Texas issued a total of 382 original drilling permits in November 2020 compared to 958 in November 2019. The November 2020 total includes 321 permits …
December 9, 2020 — The Woodlands-based Newpark Resources has a new member of the board starting New Years Day. Newpark describes itself as “a geographically diversified supplier providing products, as well as rentals …
December 9, 2020 — Newly-formed Solar Proponent LLC, a solar project developer based in Austin, has backing from Houston private equity company EnCap Investments LP. Solar Proponent is also expecting growth capital from …
December 9, 2020 — CenterPoint Energy points out that Moody’s Investors Service has changed the utility’s rating outlook from Negative to Stable. Moody’s also affirmed Texas’s only investor-owned electric and gas utility’s Baa2 …
December 9, 2020 — The Railroad Commission of Texas (RRC) is accepting public comment on proposed revisions to the instructions to Form PR Monthly Production Report. The proposed revisions will support the RRC’s regulation …