As we discussed in our January 22, 2016 post, Oncor (Texas’ largest electric utility) is the subject of an acquisition effort by Hunt Consolidated Inc. in a proceeding before the Public Utilities Commission of Texas.
Corporate Structure
Oncor’s Corporate Structure Raises Questions For Regulators
By Mark Davidson | Lewis Roca Rothgerber Christie LLPSign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.California energy regulators have hit Pacific Gas & Electric with a record $1.6 billion penalty in the 2010 San Bruno pipeline explosion that left eight people dead. But at least one member of the Public Utilities Commission thinks even more dramatic action might be needed to ensure the investor-owned utility operates efficiently and safely. “The… Keep reading →
The changing global oil refining picture has seen several mid-range to large companies spin off their downstream operations in recent years, but the trend has yet to travel up the food chain to the world’s largest oil companies, despite pressure from investors to do so. Examples of companies that divested downstream assets include Hess and… Keep reading →
Italian oil and gas giant Eni’s CEO Paolo Scaroni was reportedly sentenced to 3 years in prison by a court in the north-eastern town of Rovigo on pollution charges stemming from his stint at the helm of Italian utility Enel. Apparently the Porto Tolle power plant was not in compliance with environmental regulations during Scaroni’s… Keep reading →
Energy News Roundup: Nigerian Oil Theft Hitting Exports, EPA Emissions Rule and Possible BHP Billiton Split
By Jared AndersonOil theft in Nigeria caused Shell to recently declare force majeure on its Forcados crude grade and continued sabotage could decrease May exports to the lowest levels in five years, which would make Angola the largest African oil exporter by volume. [Sweet Crude Reports] The long-awaited EPA rule to restrict carbon emissions from existing power… Keep reading →
China Investment Corp. has been selling shares in energy companies, including AES Corp., a US utility, as it seeks to limit energy market volatility risk. “CIC, which purchased billions of dollars in resources-related holdings between 2009 and the first half of 2012, is closely watched by investors world-wide for signals on where China is steering… Keep reading →
The idea that global oil production was nearing its peak, only to plateau and then decline was a common view in the energy world for many years. The geophysicist M. King Hubbert predicted in the 1950’s that US oil production would peak in the 1970’s, a forecast that held true until technology allowed companies to… Keep reading →
The changing relationship between international oil companies and national oil companies is a fascinating topic that constantly shifts with global economic trends, supply/demand fundamentals, geopolitical balance of power and much more. The global oil market pivot eastward toward rapidly expanding Asian economies is nothing new, but the prospect of a powerful new Asian-based international oil… Keep reading →