Bankrupt
Texas utility Energy Future Holdings will drop a deal to sell Oncor to Berkshire Hathaway.
Texas utility Energy Future Holdings will abandon a deal to sell power transmission company Oncor to Warren Buffett's Berkshire Hathaway.
Not exact matches
Energy Future's board favored Sempra's bid after it also offered assurances it could get its acquisition of Oncor approved by Public
Utility Commission of
Texas, as well as a U.S. bankruptcy judge, the sources said.
That opened a window for Sempra
Energy to swoop in and strike a deal to acquire the
Texas utility.
The owners of
Energy Future, which also includes Goldman Sachs, can take some solace in that they were not alone in betting on the biggest
utility company in
Texas.
When Buffett purchased $ 2 billion of
Energy Future Holding's debt as part of a leveraged buyout of
Texas electric
utility assets, he made a huge decision ``... without consulting [business partner] Charlie [Munger].
San Diego - based Sempra
Energy wrapped up a massive $ 9.45 billion deal to acquire Oncor, the largest
utility in
Texas on Thursday.
That move was championed by Republican leadership and the
Texas Public
Utility Commission and has opened the possibility for renewables as a substantial part of the
energy portfolios for multiple cities, said Thomas Edgar, a professor of engineering and chairman of the Department of Chemical Engineering at the University of
Texas, Austin.
The standard also requires that Austin
Energy power bills rank among the bottom 50 percent of all
utilities in
Texas.
CenterPoint
Energy, a regional
utility company based in
Texas, is in the final stages of constructing a network of smart meters across the city and suburbs of Houston.
Austin
Energy, the municipally owned
utility providing power to roughly 1 million people in the
Texas capital, will add 600 megawatts of solar to its generation portfolio by as soon as 2017.
Most recently, David worked at Austin
Energy, a Texas municipal utility, implementing a Department of Energy stimulus grant related to energy effic
Energy, a
Texas municipal
utility, implementing a Department of
Energy stimulus grant related to energy effic
Energy stimulus grant related to
energy effic
energy efficiency.
«The sons of bitches are trying to steal my lignite» «I'm amazed,» said Roger Duncan, until recently the general manager of Austin
Energy, the municipal
utility in
Texas» capital.
Two of
Texas» municipal
utilities — CPS
Energy in San Antonio and Austin
Energy in Austin — have already contracted more than 1 GW of
utility - scale solar on behalf of their customers, which they expect to come online by 2022.
The measurement interval available to customers depends on what their
utility offers, but many
utilities — especially in California and
Texas, where
utilities are required to provide customers with their
energy usage data — provide this information in 15 - minute increments.
The project was completed with little public input, bypassing the
Texas Public
Utility Commission's Competitive
Energy Renewable Zones (CREZ) process in which the PUC designated new transmission routes and assigned companies to add more than 2,300 miles to the grid in a $ 5 billion plan to reduce congestion and allow
Texas wind capacity to swell to 18,500 MW by late 2013.
This new technology is not readily available in China, but it is available to
utilities in the U.S. Which brings us to the second article — an announcement by TXU, a giant
Texas energy company, that it intends to build 11 new coal - fired power plants in
Texas, plus another dozen or so elsewhere in the country.
Fifteen states, including President Bush's home state of
Texas, have enacted legislation requiring
utilities to increase their use of renewable
energy sources such as wind power or biomass in generating a portion of their overall electricity.
After a survey showed that the state had two strong concentrations of wind
energy, one in West
Texas and the other in the Panhandle, the Public
Utility Commission coordinated the design of a network of high - voltage transmission lines to link these regions with consumption centers such as Dallas / Ft.
Because the PSCO data are limited, Bentek checked their results against data from the
Energy Reliability Council of
Texas, whose
utilities are required to report generation levels by fuel every 15 minutes.
The
Texas renewable portfolio standard requires that
utilities have 5,880 megawatts of renewable capacity by 2015, including a target of 500 megawatts of renewable -
energy capacity from resources other than wind.
More on Smart Meters:
Texas Utility Spends $ 690 Million on Smart Meters 5.3 Million Smart Meters to be Installed by Southern California Edison Save 26 % on
Energy Costs with Smart Metering
Illinois and
Texas are vying to host the $ 1.5 billion FutureGen project, a joint effort of the U.S. Department of
Energy and a consortium of coal producers and electric
utilities.
Maintain the company's regulatory compliance by having intimate knowledge about the laws, regulations, and codes by researching the Public
Utility Commission of
Texas Substantive Rules and Laws and the
Energy Information Administration (EIA) rules.
The biggest of that era's private equity deals was the $ 48 billion buyout of
Texas utility TXU, now called
Energy Future Holdings Corp..