Article 56
Two shareholders make a bid to redirect NRG Energy

Two shareholders of Houston-based NRG Energy have teamed to buy a greater share of the company in a bid to get a seat on NRG’s board of directors. Elliott Associates, a hedge fund, and Dallas-based Bluescape Energy Partners have said that NRG’s stock is “deeply undervalued,” ...

Two prominent Gulf Coast employers, Swift Energy Operating and Transocean Offshore Deepwater Drilling, will lay off dozens of employees this month, according to the Texas Workforce Commission. Transocean, a Switzerland-based contractor with its main U.S. offices in Houston, laid off 80 employees on ...

Coal lost hold as dominant energy source in 2016

Natural gas use surpassed coal as a main source of electricity in the U.S. in 2016, the first time that a fuel other than coal has supplied the bulk of the nation’s power,  according to an analysis by the U.S. Department of Energy. The agency has long predicted that natural gas would surpass c ...

Additions to renewable energy capacity expected to dominate

The U.S. Department of Energy predicts that renewable energy sources, like solar and wind power, will have made the biggest contribution to electricity capacity in 2016, when all the data is in. The agency expects that additions to electric capacity during the fourth quarter will account for more th ...

NRG’s carbon capture plant fully operational

NRG Energy’s Petra Nova carbon capture plant, the largest in the world, is fully operational and capturing thousands of tons of carbon a day, the company said  early Tuesday morning. By the first week of January the plant had already captured 100,000 tons of carbon, and barring any major glitc ...

Natural gas prices surged in 2016

Energy prices rose more than prices for any other commodity in 2016, with natural gas experiencing the largest percentage increase,  according to a year end analysis by the U.S. Department of Energy. Energy prices rose 48 percent in 2016, more than double the increase in price for industrial metals, ...

Solar power on the rise in Texas in 2016

Solar power had a banner year in the U.S. in 2016, and after years of slow growth in Texas, the industry is starting to pick up, according to a year end report from the Solar Energy Industries Association, a national trade group. Texas ranked third in the nation for most solar capacity installed in ...

Carbon emissions in 2016 expected to be lowest since 1992

Carbon emissions from U.S energy sources in 2016 are expected to be the lowest in nearly 25 years, according to an analysis from the U.S. Department of Energy. Carbon emissions for the first six months of 2016 hit a record low — emissions were 2,530 million metric tons, which was the lowest fo ...

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