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The $60 million deal will help boost Direct’s offering to help businesses and industrial plants better manage and monitor their energy usage.
San Francisco-based Pattern Energy, which has its control center and offices in Houston, represents one of the more active players in the Texas wind power surge that has made the Lone Star state the nation’s leader in wind generation.
The failure of the ring fence — the one created in 2007 — would have created uncertainty and instability with Oncor.
SunEdison quickly grew into the world’s largest renewable energy developer and is building a handful of solar and wind farms in West Texas and the Panhandle.
Houston-based Clean Line Energy is hoping to move forward next year with its $2.5 billion, 700-mile Plains & Eastern Clean Line transmission project to build power lines through Oklahoma, Arkansas and Tennessee to deliver 4,000 megawatts of wind power from the Oklahoma Panhandle area.
Houston-based Calpine, Austin Energy, PG&E, Seattle City Light and London-based National Grid, which has a sizable U.S. presence, all filed the court motion together.
The REIT structure has been proposed as a method for the utility to reduce its federal tax payments. Oncor’s ratepayers should expect a fair share of that tax savings in the form of discounted rates.
Minus the $537 million loss from its MLP, Houston’s energy transmission company said it had a $146 million net income gain for the quarter, up slightly from $143 million during the same period last year.
Power plant operator Calpine will file court papers in support of emissions rules that the state of Texas has sued to stop.
Dynegy acquired 21 new power plants in the spring in the Midwest and New England regions and the company said its operating income jumped up to $107 million for the quarter, up from $22 million in the same period last year, with the added power production. The company announced its earnings after the markets closed Wednesday.