By Dave Sullivan
As most of us have heard by now, FedEx Express, FedEx Ground, and FedEx Freight, subsidiaries of FedEx Corp., will increase shipping rates effective January 1, 2018 by an average of 4.9%. The change will impact the following:
· Express package and freight standard list rates for US, US export, and US import services
· FedEx Ground and Home Delivery standard list rates
· FedEx Freight rates
As everyone is busy digesting what this means to their individual businesses, it’s important not to lose sight of a change that was announced with slightly less fanfare. Potentially one of the most impactful changes for 2018 comes with the announcement that FedEx will begin …
by Paul O’Donnell
California-based Sempra Energy has won the blessing of a U.S. bankruptcy court for its $9.45 billion purchase of Oncor, the Texas electric transmission giant that has seen three previous suitors fail in takeover bids.
U.S. Bankruptcy Judge Christopher Sontchi approved Sempra’s plan Wednesday to buy Energy Future Holdings Corp.’s 80 percent stake in Dallas-based Oncor Electric Delivery Co. Oncor’s parent, Energy Future, has …
With the intent of starting “an important conversation about the future” of the US power grid and further exploring a wide range of market factors central to the discussion, the US Department of Energy late Wednesday released its long-awaited study on grid reliability.
While DOE had remained tight-lipped since commissioning the grid study in April, stoking concerns that it would be used by the Trump administration as a basis for providing out-of-market support for struggling coal and nuclear power plants, little new ground was broken in …
By LAUREN SILVA LAUGHLIN
Sempra Energy’s $9.45 billion deal to buy Energy Future Holdings and its 80 percent stake in Oncor, a Texas electricity provider, bears a close read of the fine print.
Sempra, the $29 billion power company, is the fourth to make an offer for the business over the last two years. Its bid bests Warren E. Buffett’s Berkshire Hathaway energy division for the bankrupt utility and gives hedge fund Elliott Management a sweeter deal. But the transaction looks rushed and leaves Sempra with …
by Jim Malewitz
Billionaire Warren Buffett has been outbid in his effort to buy Texas’ largest transmission utility.
San Diego-based Sempra Energy announced early Monday that it had swooped in with a roughly $18.8 billion deal to purchase Oncor, whose roughly 120,000 miles of transmission and distribution lines deliver power to more than 3 million homes and businesses in North and West Texas.
The announcement signaled that Oncor’s parent company had abandoned the …
The city of Garland, Texas, can mothball its 470-MW coal-fired plant in Grimes County starting October 17, the Electric Reliability Council of Texas said Thursday.
In a suspension-of-operations notice filed July 19 with ERCOT, Garland said it is seeking to mothball its Gibbons Creek plant on a seasonal basis, operating it June 1 to September 30 each year.
The city then filed a follow-up notice with ERCOT July 26, noting the generation resources would be …