.The Texas Energy Report

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.The Texas Energy Report

Pacific Northwest To Pioneer Excess Regional Clean Energy Sale to California

By Ralph Cavanaugh

 

February 26, 2020

Can a utility in one region buy some of the pollution-free electricity that a utility in another region saves when its customers improve their energy efficiency? We’re about to find out. And if this effort succeeds, it will be a groundbreaking clean energy transaction between the Pacific Northwest and California, benefitting all involved.

There is now a proposal to send to California electricity produced in the Pacific Northwest but not needed there because its customers exceeded energy savings targets established by regional planners to ensure adequate Northwest power supplies. This would be the nation’s first interregional transfer of carbon-free electricity made available as a result of savings from energy efficiency measures such as building and appliance upgrades. Electricity flows across transmission lines between states and regions all the time, but this will be the first long-term sale derived exclusively from verified energy efficiency gains…..
 

In Depth: Preparing for Super Tuesday, a Look at Texas Campaign Fundraising From An Energy Point of View

Texas joins 10 other states for primary elections next Tuesday, March 3rd and the out-of-state money is flowing into the Lone Star State, but energy companies and their owners are already politically active, even as Democrats now see the state as a battleground — but can any political spectacle match that of the new cooperative effort between Charles Koch and George Soros?

 

February 25, 2020

From new money flowing into Texas for congressional races, newfound state status as a “battleground” to a new alliance between two boogeymen of the left and right, the pattern for which political money is flowing continues to change.

In past decades Texas has been considered “an ATM,” where out-of-state candidates come to raise money to run for national office, but now there is new interest by out of state donors and the Democratic National Committee, a belief that the state is beginning to move toward the political left, and now money is flowing from out of state into local races at an increasing pace.

The Dallas Morning News has already declared Texas a battleground state, which, because of demographics and outside money influence, could have a major effect on national politics favoring Democrats…..
 

Update 3: 4Q Texas Energy Earnings Roundup

Update — Adds new results from Sempra (Energy Future Holdings, Oncor), Exterran, Range Resources and Southwestern, in addition to Apache, Calpine, Cenovus, Denbury Resources, El Paso Electric, Enlink, Oasis, Williams Companies, Cheniere, Tellurian, AEP, Cabot, Energy Transfer, Devon, Pioneer Natural Resources, Diamondback, Rattler, Concho, Flowserve, USA Compression, Petrobras, Oil States International, Hoilly Energy Partners, Magnolia, Targa Resources, ONEOK

 

March 2, 2020

Here are the latest 4th quarter earnings snapshots:…..
 

Bloomberg’s Money Funds Anti-Fossil Fuel Agenda

By Alex Mills

 

February 20, 2020

It is well known that presidential candidate Michael Bloomberg, one of richest men in the world, has used his money in a massive advertising campaign to tout his candidacy for the Democrat Party’s nomination. His money was a focal point of the latest Democratic presidential debate on Wednesday.

However, it is not well known that he also uses his money to support his political positions, such as gun control, abortion and anti-fossil fuels (oil, natural gas and coal).

Bloomberg, the 78-year-old former mayor of New York City, privately funds anti-fossil fuel programs at the Sierra Club (he donated $50 million for its Beyond Coal and Beyond Gas campaigns) and the Environmental Defense Fund ($6 million to stop hydraulic fracturing), according to Wikipedia.

Bloomberg Philanthropies also gave $6 million in 2017 to create the New York University School of Law’s Environment and Energy Impact Center to provide lawyers to state attorneys general whose sole focus would be on environmental and climate change lawsuits and regulatory actions, according to a story authored by Jessica R. Towhey in Inside Sources…..
 

TIPRO Responds to Flaring Report Issued by RRC Commissioner Ryan Sitton: News Release

February 18, 2020

Austin, Texas – Today Texas Railroad Commissioner Ryan Sitton released a report highlighting data on flaring volumes from the oil and natural gas industry. The report examines the relationship between oil production and flaring and offers a new metric referred to as flaring intensity. As stated in the report, by measuring flaring intensity of nations, states and companies, and comparing them all to the global industry average,

Commissioner Sitton is now offering a benchmark on performance. His office plans to update and publish the report on a quarterly basis. The following statement can be attributed to Ed Longanecker, president of the Texas Independent Producers & Royalty Owners Association (TIPRO):….