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Corpus Christi set to become export hub as oil production rises

New pipeline investments in Corpus Christi are surging and could make it a popular export alternative to Houston, where congestion is crowding out midstream companies, according to a report released last week by Morningstar, a Chicago-based research firm. Corpus Christi already has three refineries, ...

Public Utility Commission votes to reject $18.4 billion NextEra-Oncor deal

The Public Utility Commission of Texas voted unanimously on Thursday to deny an application of NextEra Energy to acquire Dallas-based Oncor, Texas’ largest utility, and declared that the proposed $18.4 billion deal was not in the public interest. The three commissions indicated that they would ...

Perry hails Texas carbon capture project as benefiting energy and environment

The Trump administration remains committed to reducing greenhouse gases while promoting the energy industry, said Energy Secretary Rick Perry on Thursday. Perry joined Texas Gov. Greg Abbott at NRG Energy’s Petra Nova carbon capture plant in Fort Bend County, where the the two Texans heralded ...

March drilling permits up, but well completions still remain low

The state of Texas issued more than 1,300 drilling permits in March, more than double the number of permits issued a year ago, when the price of oil had plunged to $26. The Railroad Commission of Texas, the state’s oil and gas regulator, issued 1,310 permits, more than 1,100 of which were oil ...

CenterPoint and Houston strike deal on proposed rate increase

CenterPoint Energy reached an agreement with several Gulf Coast cities to raise gas distribution rates for the second time in two years for than 1 million customers. But CenterPoint, a Houston-based transmission and distribution monopoly, struck a deal with the cities, including Houston, and the pro ...

CenterPoint plans to raise electricity distribution rates for customers

Houston-based CenterPoint Energy is seeking a rate increase for electricity distribution to recoup nearly $480 million it spent on its distribution system in 2016, the company announced on Thursday. The rate increase — which would add 80 cents for every 1,000 kilowatt hours used a month ...

Railroad Commission has plugged more than 350 wells in 2017

The Railroad Commission of Texas, the state’s oil and gas regulator, has paid $4.3 million to plug more than 350 abandoned oil and gas wells in 2017, according to the results of a quarterly report given to the commissions on Tuesday. The average cost of plugging those wells was $12,000. The co ...

Solar power increases in Houston, but still lags behind San Antonio

Houston lags behind Texas’ other major cities when it comes to solar power, but the city is making steady gains, according to report released Tuesday by Environment Texas, an environmental non-profit. Houston increased its solar capacity from 6 megawatts in 2015 to 8 megawatts in 2016. But mos ...

Oil, gas production in Texas holds steady in January

Texas’ average daily crude oil and natural gas production in January was roughly to equivalent to what it was a year ago, according to numbers kept and released by state regulators at the end of March. January oil production averaged roughly 2.4 million barrels a day, and gas production averag ...

Public Utility Commission says NextERA/Oncor deal will not help ratepayers

The Public Utility Commission intends to block Florida-based NextEra Energy’s move to acquire Oncor, Texas’ largest utility owned by Dallas-based Energy Future Holdings. During a meeting on Thursday, Texas’ three commissioners said they agreed that the $18.4 billion deal is not in ...

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