(AP Photo/Paul Sakuma)

Calpine to acquire Champion Energy for $240 million

Calpine, one of the nation’s top power generators, will acquire Houston-based Champion and its 180 employees, all of whom will make the switch. Champion has 2.5 million residential customers, many in Texas, and 18,000 commercial and industrial customers.

Commentary: Greece and Puerto Rico: Looking at the Future

George Santayana famous quote about those who do not learn from history are condemned to repeat it, should be taken very seriously by our federal government and our economic situatiion. The economie disasters in Greece and Puerto Rico are analogous to looking in the mirror. Both have piled debt upon debt, have low labor participation […]
Categories: General
(Jason Alden/Bloomberg)

Entergy Texas pulls out of power station purchase

New Orleans-based Entergy Corp. will still proceed with its $948 million acquisition of the Union Power Station near El Dorado, Arkansas, but the Entergy Texas subsidiary no longer will pay the $237 million to buy one of the four, 495-megawatt generating units at the natural gas-fired plant. Florida-based Entegra Power Group is selling the plant.

Criminal activity suspected in explosion at French LyondellBasell plant

The pair of blasts struck 1,600 feet apart and set fire to two tanks at the petrochemical plant in Berre L’Etang early Tuesday morning, sending a massive plume of smoke over Marseille, according to reports by the BBC and Reuters.
In this March 31, 2015 photo, a supply vessel crosses an oil sheen drifting from the site of the former Taylor Energy oil rig in the Gulf of Mexico, off the coast of Louisiana. The New Orleans-based company has downplayed the leak's environmental impact, likening it to scores of minor spills and natural seeps that the Gulf routinely absorbs. (AP Photo/Gerald Herbert)

Louisiana lawmakers back company responsible for decade-old Gulf leak

The company is down to one full-time employee and is no longer active in the offshore drilling industry, but its CEO is a prominent philanthropist and generous political donor.
Categories: featured, General, p2
Jacobs Engineering has space in the Woodbranch Plaza in Houston's Energy Corridor, as well as in other areas.

Jacobs Engineering taps new external CEO

The engineering and contracting giant, which focuses on the energy sector and more, employs about 66,000 globally, including about 2,700 in the Houston area.
In this Tuesday, Feb. 24, 2015, photo, an activist waves a placard calling for the ban of fracking during a news conference outside the Colorado Convention Center in Denver. (AP Photo/David Zalubowski, File)

Ballot fight over fracking could be shaping up in Colorado

Frank McNulty, a Republican former state lawmaker who sponsored a pro-industry ballot measure in 2014, expects fracking opponents to turn to voters next year.

Oil rig count grows again after gains in the Permian

Five oil rigs were added this week in the U.S., although gas and miscellaneous rigs dipped by four, leaving a net gain of one rig for the week, according to data from oil services provider Baker Hughes.
Photographer: Stephen Hilger/Bloomberg News.

IEA: Oil market bottom may still be ahead

Crude prices may have further to fall before the oil market can re-balance global supply and demand and fix the oil glut that toppled $100 oil last year, the International Energy Agency said Friday.
Exelon Corp. will use GE gas turbines, like the one pictured above, in its Texas plants. (GE)

Exelon expanding gas-fueled power plants near Houston, Fort Worth

The projects, which are roughly $750 million each, will triple the amount of power production at Exelon’s Colorado Bend Generating Station in Wharton, which is about 45 miles southwest of Houston. The second 1,000-megawatt expansion is for the Wolf Hollow Generating Station outside of Fort Worth.