News
Electricity rates in deregulated markets expect to remain low in 2017
Wholesale electricity rates in deregulated markets are expected to remain low in 2017–good news for customers, but a bad outlook for merchant power companies, according to a report by the New York bond rating agency...
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Gas prices slip 3 cents a gallon in Houston
Houston-area drivers on average are paying about cents less per gallon than last week, according to gas price-watching website GasBuddy.com’s survey of more than 2,500 gas stations. The regional average for a gallon of regular...
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EOG chief: Industry needs $60 oil to grow
Oil companies will not produce enough crude at $40 a barrel to meet global demand, the chief executive of EOG Resources, one of the largest independent oil companies in the U.S., said on Friday. EOG...
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CenterPoint reports third quarter growth of $179 million
CenterPoint Energy Inc. reported a profit of $179 million for the third quarter, swinging from a $391 million loss during the same time period last year. The company’s revenues also rose 16 percent, or $259...
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Railroads provide survival lessons for struggling energy companies
As some energy companies lose their grip on monopolies and can no longer rely on customers to help finance their survival, one Columbia University researcher says they could learn from the near-disappearance and resurgence of another...
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