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Tag Archives: Texas energy

Coal dominates in Texas as energy source

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According to the Electric Reliability Council of Texas, coal was the number one energy source for Texas in January, reports FuelFix. Coal provided nearly 36 percent of Texas’ energy, followed by natural gas at 30 percent and wind at 20 percent. Natural gas prices increased in January, which led to higher demand for the cheaper coal. Typically, natural gas is the dominant source ...

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Texas energy company owner gets prison for Ponzi scam

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AUSTIN, Texas (AP) — The owner of a Texas energy exploration company must serve more than 13 years in federal prison and repay $3.7 million to investors who were scammed. Prosecutors in Austin say William Risinger owned RHM Exploration and operated the company as a Ponzi scam. The 44-year-old Risinger in January pleaded guilty to wire fraud and money laundering. ...

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Wells Fargo says slump in oil prices could last longer

Wells Fargo & Co’s head of corporate banking has warned of stresses in the bank’s energy portfolio and said the slump in oil prices “feels deeper and broader and could last longer”, the Financial Times reported this week. Wells Fargo has the largest exposure to oil and gas industry among the big U.S. banks, with its lending to the energy ...

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RRC awards innovative restoration projects of Texas coal mines

Ever wonder what happens to abandoned coal mining land? Well, thanks to the regulations of the Railroad Commission of Texas, many become restoration projects and the RRC gives an annual award to companies doing the best work in the pursuit of public safety and natural resources. On Tuesday, the RRC announced the 2015 Reclamation Award recipient. The Texas Westmoreland Coal ...

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ERCOT warns of potential need for power outages

After power consumption broke 2011 records for three consecutive days this month, the Electric Reliability Council of Texas issued a call for conservation Thursday morning. During the peak period of 3 to 7 p.m., energy consumers in Texas are being asked to help keep the power grid in working condition by making changes to how they use their electricity. ERCOT ...

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Texas energy grid operator urges conservation on hot days

AUSTIN, Texas (AP) — The grid operator for Texas has urged conservation during peak electric demand hours of the hot summer. The Electric Reliability Council of Texas asked consumers to limit or reduce power usage from 3-7 p.m. Thursday. ERCOT officials in Austin say usage Wednesday surpassed 67,000 megawatts for the first time since 2011. Demand for the day peaked ...

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