Oil companies’ well shut-ins will put some Colorado mineral owners in uncharted legal territory
If thousands of wells remain shut in through spring, will lawsuits follow?
Houston LNG co. sells flagship project after two failed deals
The company is technically headquartered in Australia, but its executive team is based in Houston. It’s now under voluntary administration in Australia, which is comparable in that country to Chapter 11 bankruptcy in the U.S.
Alabama Power names new leader in public relations
A longtime Southern Company employee has been appointed to take over the Alabama Power’s communications efforts.
Ashley Robinett, who previously served as the company’s vice president of corporate real estate, has been named vice president of public relations.
In her new role, Robinett oversees the company’s corporate communications and brand management, providing strategic communications counsel that ensures messages reach employees, customers and key stakeholders.
Robinett joined Atlanta-based…
LanzaTech raises $50M to launch renewable jet fuel spinout
Skokie-based renewable energy startup LanzaTech launched a new subsidiary focused on producing sustainable aviation fuel with the help of a $50 million cash infusion.
The spinout, called LanzaJet, is constructing a plant in Soperton, Georgia, that will produce 10 million gallons per year of sustainable aviation fuel and renewable diesel for the commercial market.
The $50 million in funding is made up of $15 million Canadian energy company Suncor Energy, $10 million from Japanese investment firm…
We Energies historic HQ building sustains more than $10M in damages from steam tunnel floods
The historic Public Service Building in We Energies downtown Milwaukee headquarters received more than $10 million in damage when the utility’s underground tunnels flooded in May.
Denver’s city council may scrap proposed business ‘pollution tax.’ Here’s what it might try instead.
Funding for hundreds of millions in city emissions-reduction programs may be on voters’ November ballot.
CenterPoint Energy closes multimillion-dollar divestment after price adjusted
Houston-based CenterPoint Energy Inc. (NYSE: CNP) completed the sale of its natural gas retail business, formerly called CenterPoint Energy Services Inc., to private equity firm Energy Capital Partners LLC.
When it was announced in February, the deal was valued at $400 million. However, the final price was $286 million in cash, according to a filing with the U.S. Securities and Exchange Commission. The price was adjusted because the estimated working capital when the deal closed was lower than…
CEO: Houston solar co. not tempted by M&A right now
The company raised hundreds of millions of dollars of debt in the first quarter, and the CEO hopes what’s left will last a while.
Colorado-based oilfield services CEO resigns, investor assumes leadership
The CEO struck a new compensation package as he resigned.
M&A wrap: NI to spend $365M on new software; Renewable energy group gets bigger
In our latest wrap-up of mergers and acquisitions for Austin-area companies, we spotlight a significant buyout by a public company as well as a nonprofit merger of interest to both businesspeople and environmentalists.
