Energy News

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  • Hit hard by winter storm, Brazos Electric Cooperative to file for bankruptcy
    by Mark Curriden on March 1, 2021 at 2:08 am

    This story is available as part of a content partnership with The Texas Lawbook. For breaking news and analysis involving business law, visit TexasLawbook.net. The severe winter storm that hit Texas two weeks ago has claimed its first energy company victim. Brazos Electric Power Cooperative, the largest generation and transmission co-op in Texas, is expected to file for Chapter 11 bankruptcy protection shortly after midnight in the Southern District of Texas, The Texas Lawbook has learned. Four…

  • Duke solar plan challenged at Supreme Court
    by Jim Saunders on March 1, 2021 at 1:16 am

    A Duke Energy Florida plan that would add 10 solar-power plants faces a challenge at the state Supreme Court. Attorneys for the League of United Latin American Citizens of Florida filed a notice this week that they are challenging a Jan. 5 decision by the state Public Service Commission to approve what Duke has dubbed the “Clean Energy Connection Program.” While utilities have rushed to build solar-power plants during the past few years, the Duke program has a financial structure that involves…

  • Editor's Briefing: Pressure remains on Evergy from activist investor — and an ally
    by Brian Kaberline on February 28, 2021 at 4:00 am

    Agreements with Evergy Inc. follow a familiar game plan for Elliott Management Corp. and Bluescape Energy Partners LLC.

  • Texas power outage lawsuit avalanche coming
    by Mark Curriden on February 27, 2021 at 1:18 am

    Freezing temperatures and widespread power outages have ended in Texas, but the impact and damage to human life and property caused by the winter storm will be documented in a blizzard of civil litigation.

  • Xcel Energy plans to hire 30 employees for virtual call center in Roswell
    by Ron Davis on February 26, 2021 at 11:15 pm

    The 30 positions are full-time and employees selected will receive benefits like medical and dental, competitive pay, 401ks, paid time-off and on-going training and professional development.

  • Dallas private equity firm expects 'active 2021'
    by Catherine Leffert on February 26, 2021 at 8:34 pm

    Tailwater Capital announced three acquisitions in the last month, and the firm's co-founders and managing partners said there will be more to come in 2021. The Dallas-based private equity firm, which focuses on middle market infrastructure associated with energy, expects this to be an active year for acquisitions, about one year after it closed its fourth midstream fund for $1.1 billion. “We are fully immersed in the energy spectrum, and always have been. And so what that means is, we intend…

  • CPS Energy COO to step aside for new leaders
    by Jessica Corso on February 26, 2021 at 8:30 pm

    Cris Eugster led the utility's push to add more renewables. Now he's taking his expertise elsewhere.

  • CEO: How Rhythm Energy stayed open when other retailers went dark
    by Joshua Mann on February 26, 2021 at 7:34 pm

    The company managed to pick up in influx of new customers simply by accepting them as others closed off to new contracts amid spiking electricity prices.

  • Project Hertz: How Clarksville flipped brake plant loss into Microvast's $220M electric vehicle battery factory
    by Adam Sichko on February 26, 2021 at 7:10 pm

    This, said a top company executive, "made it the jewel in the rough."

  • Power outages lead to staggering $900M financial hit for Irving energy firm
    by Jason Whitely (WFAA) on February 26, 2021 at 6:31 pm

    This story is available as part of a content partnership with WFAA-TV. For more local news, visit WFAA.com. Vistra Corporation, an Irving-based company that owns and operates power plants across Texas, said it will likely lose more than $900 million after deadly winter storms kept it from operating some of its facilities last week because of a shortage of natural gas. “While the financial impacts of Winter Storm Uri to Vistra are not yet finalized, Vistra management preliminarily estimates the…