Texas Legislature passes bills to support fossil fuel industries By Railroad Commission of Texas on 5/5/2021
AUSTIN â Tuesday, the Texas Legislature passed two critically important bills that allow Texas to fight national efforts to eliminate fossil fuels.
House Bill 17 protects consumers by prohibiting political subdivisions from discriminating against specific fuel sources like natural gas and coal; this will ensure cities and counties cannot pass California-style ordinances that ban gas hook-ups in new buildings or homes.
âWinter Storm Uri exposed the importance of allowing individuals to have access to natural gas in their homes,â said RRC Commissioner Wayne Christian. â99.5 percent of customers connected to natural gas maintained service for the duration of Winter Storm Uri, ensuring they had fuel to cook food and heat their homes.â
Hearings on proposed oil and gas waste disposal facility in San Augustine County to begin Tuesday
Hearings on proposed oil and gas waste disposal facility in San Augustine County to begin Tuesday By Donna McCollum and Christian Terry | May 3, 2021 at 3:34 PM CDT - Updated May 3 at 8:22 PM
SAN AUGUSTINE COUNTY, Texas (KTRE) - New developments on the proposed waste disposal facility in San Augustine County. Hearings for the necessary permit to dispose of oil and gas waste begin Tuesday morning in Austin before the Texas Railroad Commission. They are scheduled for a three week period.
San Augustine County resident Ann Bridges will follow the zoom proceedings from her laptop.
Regulatory Winners
NextEra Energy (NEE), WEC Energy Group (WEC), Edison International (EIX), and Atmos Energy (ATO) are the clear winners in our regulatory analysis. These utilities have leading constructive regulatory environments, giving us confidence that regulators will support customer rates that allow these utilities to consistently earn returns on invested capital greater than their costs of capital. This is important because all of them have large capital investment plans that will produce sector-leading earnings and dividend growth only if they are allowed to recover returns on and returns of their investments on a timely basis.
Florida regulation and management execution give NextEra our highest regulatory ranking.
ONE Gas Announces First Quarter 2021 Financial Results
Declares Second Quarter Dividend; Reaffirms 2021 Financial Guidance
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TULSA, Okla., May 3, 2021 /PRNewswire/ ONE Gas, Inc. (NYSE: OGS) today announced its first quarter 2021 financial results, declared its quarterly dividend and reaffirmed its 2021 financial guidance.
FIRST QUARTER 2021 FINANCIAL RESULTS & HIGHLIGHTS
First quarter 2021 net income was $95.6 million, or $1.79 per diluted share, compared with $91.7 million, or $1.72 per diluted share, in the first quarter 2020;
Actual heating degree days across the company s service areas were 5,600 in the first quarter 2021, 7% colder than normal and 19% colder than the same period last year;