Monthly Archives: February 2007

Investors will hold on to TXU for five years, at least

Fred Goltz, a partner with investor Kohlberg Kravis Roberts & Co., told state lawmakers today the investors weren’t planing on flipping TXU to other buyers for a quick profit. “Clearly we’ve listened to your concern on that point,” Goltz said to concerns from Rep. Sylvester Turner during a hearing of the House Regulated Industries Committee. […]  More »

McDonald's deal could be guide for KBR split

Other than their size, it’s hard to find much in common between fast food colossus McDonald’s and Halliburton, the world’s second largest oilfield services firm and the biggest U.S. contractor in Iraq. But the two companies recently did choose the same route for jettisoning subsidiaries they no longer wanted. Houston’s Halliburton said Monday it will […]  More »

Items from the editing room floor: TXU

When it comes to reporting it’s not unusual if less than half of the information one gathers never makes it into a story. Sometimes its minutiae that’s unimportant but often it’s interesting stuff that just doesn’t fit due to lack of space or it would clutter the story and make it unwieldy. So, here are […]  More »

Coal plant hearings stop, press release flood begins

Shortly after a State Office of Administrative Hearings judge in Austin announced today a four-month delay in hearings over TXU’s plans for six new coal-fired power plants, the stream of statements from the battling parties began. Here are a few that showed up in our in boxes (so far). From Randy Eminger, South Region Vice […]  More »

On Dictators and Oil Reserves

Parade Magazine, the little weekly the Chronicle includes in its Sunday editions, recently put out its annual list of leading world dictators. While it doesn’t get the kind of attention People Magazine’s annual “Sexiest Man/Woman Alive” list gets (sorry, you’ll have to dig up that link on your own), Allen Brooks, a managing partner at […]  More »

US likely to go it alone on carbon-cutting policies

It’s all but inevitable that US public policy will, at some point soon, call for reductions in greenhouse gas emissions. The question is what those policies look like and how soon they will arrive. Robert Lacount, a director at Cambridge Energy Research Associates, made his best guess Thursday in the final panel of the firm’s […]  More »

Is water the next oil?

Amid all the discussion at CERA Week about the world’s growing energy needs and how they will be met, the potential scarcity of another natural resource has come into focus. Water, said energy industry leaders and analysts Thursday, could become as valuable as oil in coming decades if population growth, particularly in Asia, continues at […]  More »

US should take lead in reducing carbon emissions

The United States should be a model for the world in developing power generation technologies that slash greenhouse gas emissions, said John G. Rice, vice chairman of General Electric. “Why should this be the time when we wait for China and India?,” said Rice, speaking Thursday at CERA Week, an industry conference in Houston. Though […]  More »

Here comes Asia

The numbers are staggering. By 2030, fast-growing Asian nations will account for more than half of the world’s electricity demand, up from 35 percent today, said Zin Smati, president and CEO of Suez Energy North America in a speech Thursday. “It’s remarkable the growth we’re going to witness in Asia,” Smati said at CERA Week, […]  More »

The next Apollo mission

The top executive with a major U.S. electricity provider on Thursday compared the challenge of significantly slashing carbon emissions from utility companies to President John F. Kennedy’s 1961 goal of putting a man on the moon. David Crane, president and CEO of NRG Energy, said it may still be 15 years before the industry has […]  More »

Power provider likes plug-in hybrid vehicles

One of North America’s largest electricity providers on Thursday said that so-called “plug-in” hybrid vehicles offer great promise in reducing greenhouse gases in the future. While there are still technology hurdles in developing lithium-ion batteries that can support long-range driving, plug-in hybrid research is moving forward and should produce commercially available vehicles in coming years, […]  More »

Climate change solutions depend on technology

Policy makers in Washington and around the world can only do so much to address global climate change. The best solutions will come from breakthroughs in technology, said Jeff Sterba, chairman and CEO of PNM Resources, an electricity provider, who spoke Thursday morning at CERA Week in Houston. “Climate change is first and foremost a […]  More »

Toyota at Nascar

Toyota’s entry into NASCAR’s premier event, the Nextel Cup series, has offended some of the sport’s fan base, who see the Japanese automaker as an interloper in an event that has always been dominated by Detroit’s Big Three auto companies. But Toyota’s top U.S. executive Jim Press challenged that idea Wednesday during a press conference […]  More »

Power Day not quite as big as Oil and Gas days

Today is the third day and final day of CERAWeek, known as Power Day. The crowd has thinned as evidenced by the greater availability of parking spaces in the Galleria garages this morning, the main ballroom has been cut in half for the main speakers and panels, and the press room has only a half-dozen […]  More »

Nobody likes hedge funds

CERAWeek attendees are not quite ready to embrace the newest (and apparently most abundant) wave of capital to come into energy asset and commodity markets: banks, private equity firms and hedge funds. In a panel Tuesday called “Oil Sector Finance: The Cliff Behind the Clouds” one question card handed to the moderator asked: “Hedge funds, […]  More »
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