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Nevada regulators have been going back and forth on the state’s solar incentives. 2015 ended with the Public Utilities Commission of Nevada (PUCN) approving a new net metering policy for 2016. The order states that all solar customers (old and new) will be paid for their excess solar power generation at wholesale instead of retail […]
Equities and the Economy FINALLY. A good day! And a big day! The Dow closed up 228 points, 1.41%, to 16,379, the S&P 500 added 32 points, 1.67%, ending at 1,922 and the Nasdaq rose 89 points, 1.97%, to 4,615. As good as it was, and up is way better than down, the Dow captured […]
Full rail cars outside Cloud Peak Energy’s Antelope Coal loading terminal in Rawlins, Wyo. About 40 percent of the nation’s coal is mined on public land in the state. Credit Jim Wilson/The New York Times WASHINGTON — The Obama administration will announce on Friday a halt to new coal mining leases on public lands as […]
Equities and the Economy Boy, that reprieve was short lived. Yesterday U.S. stocks ran up sharp losses with the Dow falling 365 points, 2.21%, to 16,151, the S&P 500 lost 48, 2.50%, ending at 1,890 and the Nasdaq got unadulteratedly destroyed losing a whopping 3.41%, 160 points, to 4,526. The S&P closed below 1,900 for […]
Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Based on EIA’s weekly survey of gasoline prices, the U.S. average retail price for regular gasoline fell to $1.996 per gallon (gal) on January 11, falling below $2.00/gal for the first time since March 23, 2009. The U.S. average retail regular gasoline price had last […]
Equities and the Economy U.S. stocks finally had a positive day yesterday with all three major indexes closing higher resulting in being the best day of the year so far! Whoo-hoo! The Dow rose 117 points, 0.72%, finishing at 16,516, the S&P 500 climbed 15, 0.80%, to 1,939 and the Nasdaq closed 1.04% up, 48 […]
Equities and the Economy After what seems days of bloodletting U.S. stocks stabilized yesterday with the Dow gaining 53 points closing at 16,399, the S&P 500 added 2 to 1,924 but the Nasdaq went the other direction closing down 6 at 4,638. This actually was pretty good considering oil prices, which investors have been keying […]
Source: U.S. Energy Information Administration, based on SNL Energy Wholesale electricity prices at major trading hubs on a monthly average basis for on-peak hours were down 27%-37% across the nation in 2015 compared with 2014, driven largely by lower natural gas prices. Because natural gas-fired generation sets the marginal price in many markets, wholesale electricity […]
Reliable electricity is the expectation of Texas consumers. The strength and reliability of the electrical grid are the lifeblood of our strong Texas economy. As the Public Utility Commission (PUC) considers a bid by Hunt Consolidated Energy to purchase the state’s largest electric transmission and distribution company, Oncor, I am very concerned the Hunt proposal, […]
Equities and the Economy A really good monthly jobs report boosted stock futures early Friday and in early trade but was not enough to rescue last week being the worst 5 day beginning to a year ever for the U.S. stock market. On Friday, the Dow fell 168 points, 1.02%, to 16,346, the S&P 500 […]
