Monthly Archives: May 2008

UPDATED: TXU, Reliant to do right by POLR customers

TXU Energy is one of the companies that took on the thousands of customers abandoned this month when electric retailers PreBuy Electric and National Power went out of business. TXU, just like Reliant Energy, Direct Energy and a few others, is playing the role of “provider of last resort,” or POLR, in these cases. State […]  More »

UPDATED: Emergency PUC meeting on wholesale power

The Public Utility Commission is holding an emergency meeting this morning to address spikes in wholesale power prices caused by congestion on certain power lines in the states electric grid, according to a statement put out today. Transmission congestion problems near the Sandow Power Plant in Milam County may be contributing to the high wholesale […]  More »

Chron Energy Links: 05/29/08

A few of the energy related items on and elsewhere around the Web: • New ethanol plant bets on a better method than corn • Exxon Mobil leader keeps both hats • Lawyers for BP question injuries: plaintiffs didn’t complain until after seeing doctors, they say. • Dow’s price increases to hit household goods […]  More »

National Power-less?

Houston electric retailer National Power became the 2nd company this month (and probably the eighth ever) to have to dump its customers because of financial issues. We broke the news yesterday afternoon but here’s what some other news outlets wrote about National Power today. To answer/clarify a few questions from readers: • Where are the […]  More »

Chron Energy Links: 05.28.08

A few of the energy related items on and elsewhere around the Web: • White says plants have work to do on benzene • Critics question Mayor White’s motives for environmental push • National Power pulls the plug on customers, second retailer this month • Senator seeking answers on oil: Panel chairman wants speculators’ […]  More »

Smart Meters: Oncor vs. CenterPoint

Hello, I’m a smart meter. (Chronicle Photo) Oncor, the lines-and-poles company that serves much of North Texas, filed its plans last week to roll out so-called “smart meters” to its 3 million or so customers. Smart meters, or interactive meters as some like to call them, mean different things to different parties. • For customers […]  More »

A happier ending for Calpine investors?

What does a retired commercial painter from Ohio have in common with a billionaire New York private equity chief? They both think they got a raw deal in the Calpine bankruptcy. Philip Falcone: NRG bid “warrants” serious consideration. Bob Strouse. Ok, maybe Harbinger Capital head Philip Falcone didn’t do so bad: His company owns about […]  More »

What's an NRG/Calpine merger mean for Texas?

NRG Energy, the owner of many of the power plants around Houston, made an unsolicited bid for Calpine, the San Jose/Houston-based company that just emerged from bankruptcy. If the $9.6 billion bid is succesful it would create the largest independent electricity producer in the U.S. and most likely the largest producer in Texas (right up […]  More »

Chron Energy Links: 05.21.08

A few of the energy related items on and elsewhere around the Web: • Oil execs ask Congress to allow more U.S. drilling • Pemex reform has ‘lost too much time’, says Fox • EHRC deals with inquiry: Five Questions with Peter Ntephe • Redesign for power grid moved back indefinitely • BP report […]  More »

Texas businesses still paying a lot for power

“Above average” is great if you’re talking about your kid’s intelligence but not so great if you’re talking power prices. NUS Consulting Group of Park Ridge, NJ, found the average price of electricity for businesses in the United States was 9.44 cents per kilowatt-hour as of April 1, 2008. It was 9.08 cents per kWh […]  More »

Chron Energy Links: 05.19.08

A few of the energy related items on and elsewhere around the Web: • CHRONICLE 100: Our annual survey of the region’s top public and private businesses • CHRONICLE 100: No. 1: National Oilwell Varco: builder of rigs, maker of deals • CHRON 100: Knight (formerly Kinder Inc.) makes strong debut on private list […]  More »

National Power makes good, but at what price?

As we reported, Houston-based electric retailer National Power Co. changed its mind yesterday about jacking-up all its fixed-price power plans. This was shortly after meeting with Public Utility Commission officials in Austin, although the PUC has not dropped its investigation of National. But judging from reader e-mails not everyone will be returning back to the […]  More »

Energy relief for Alaskans?

Palin spells relief for Alaskans. While most of the country is swooning under record high energy bills, Alaskans may get a big break. Gov. Sarah Palin just unveiled a short-term relief plan for all residents worth some $1.2 billion that includes: • A 60 percent reduction in electric rates. • An Energy Debit Card for […]  More »

National Power update: Old deals will be honored

A message was just sent out by the CFO of Houston-based electric retailer National Power: National Power Company has decided to rescind the scheduled rate increase set for late June 2008. All Fixed rate pricing and terms shall remain as originally agreed. National Power Company apologizes for any confusion caused by the rescinded letter. All […]  More »

'I'm a National Power customer: What should I do?'

Houston-based electric retailer National Power is probably regretting the letters it sent to customers last week saying it would no longer honor the fixed-price contracts it signed with customer and will jack up their rates to more than 15 cents per kwh. The Public Utility Commission is investigating and will meet with company officials today […]  More »
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