By: Kathleen Wolf Davis |
The Lone Star state is known for many things, including a fierce independent spirit, a die-hard commitment to football, and, as of late, leadership in smart grid technology.
Texas has a legacy of pioneering smart grid initiatives. Since 2007, Texas has installed over seven million smart meters, an achievement that […]
By: Tom Hals |
Texas’ largest power company, Energy Future Holdings Corp, has scrapped a bankruptcy exit plan centered on the sale of its multibillion dollar power line stake and instead will pursue a reorganization, the company said in an internal memo on Thursday.
The company now expects to exit bankruptcy in mid-2016, about 15 […]
By: James Osborne |
The more than year long Energy Future Holdings bankruptcy case took an abrupt turn Thursday when the company’s attorneys announced in federal court they had a deal with multiple creditors to hand over the power line subsidiary Oncor.
The agreement effectively puts a halt to a bidding contest developing between Florida-based […]
Healey seeks $180m in electricity rebates, also asks rate cut of $74 million a year
By: Jack Newsham |
Attorney General Maura Healey is asking an administrative law judge to order the state’s largest utilities to refund up to $180 million and cut electricity bills by $74 million a year.
Healey, at a series of hearings […]
By: Robert Walton |
- Energy Future Holdings is now considering an offer from Hunt Consolidated to purchase its Oncor Electric Delivery company, in addition to the previous bid from NextEra and potential interest from a Fidelity-led group of creditors.
- While NextEra’s $18 billion bid had initially appeared to lead the pack, Hunt’s proposal may be […]
Utility says rates would increase for 3 years, drop in 4th
By: David Charns |
Maine’s Public Utility Commission is weighing a proposal from Maine Natural Gas to raise its delivery rates more than 20 percent over three years. The average cost for residential customers would increase about 10 percent in the first year, the […]
By: JAMES OSBORNE |
Since August, the Energy Future Holdings bankruptcy revolved around the auction of its prized asset, the Oncor power line company. Attorneys flew back and forth to Wilmington, Del., to argue in U.S. Bankruptcy Court over timing. Motions were filed; bids were expected to reach north of $18 billion.
Now the former […]