Abraxas CFO discusses what’s left and what’s next for San Antonio driller
The executive said Abraxas is putting all options on the table to increase shareholder value.
5 things to know, plus more power outages and an interesting basketball season
Welcome back to the work week, Sacramento.
In case you unplugged over the weekend, a couple bonus items to bring you up to speed:
More power outages ahead? With winds expected to pick up Wednesday and Thursday, Pacific Gas & Electric Co. says it may impose another emergency power shutoff to as many as 250,000 of its customers, including parts of El Dorado, Placer and Yolo counties.
An interesting basketball season ahead? On Friday, the Kings lost by only two points to the Lakers, in L.A. Then…
Another round of planned PG&E shutoffs could affect 250,000 customers this week
Another week, another potential round of planned PG&E shutoffs to hit Northern California.
The San Francisco-based utility has warned customers of a potential planned blackout in 19 counties in the Sierra Foothills, North Valley and North Bay.
Portions of Butte, Colusa, El Dorado, Glenn, Lake, Mendocino, Napa, Nevada, Placer, Plumas, Shasta, Sierra, Solano, Sonoma, Sutter, Tehama, Trinity, Yolo and Yuba counties could be affected by the shutoffs. Other parts of the Bay Area are not expected…
How Duke Energy’s pilot program on alternative rates is adding up to customer savings
Duke projects it will cost about $1.3 million to run and evaluate the pilot programs this year. There will be additional costs in 2020 as it completes a full year of testing the alternative rates.
Editor’s Pick: Navajo Generating Station says goodbye
The plant has been a mainstay of Arizona’s power production for years, but environmental concerns and, more importantly, cheaper alternatives have shuttered one of the biggest coal-fired plants in the West.
JEA hasn’t started negotiating with buyers — and won’t until the state weighs in
JEA hasn’t started negotiating with the nine potential buyers it picked to move on to the next round of talks — and on Friday it said it won’t do so until a review by the state Ethics Commission is complete.
After the municipal-owned utility identified suitors on Oct. 14, the past month has seen pushback to the idea of a sale from some City Council members as well as a review of the deal by the city’s director of ethics compliance and oversight.
Late last month, Carla Miller, Jacksonville’s…
WEC Energy eliminates 30 positions in Milwaukee, other locations
Milwaukee-based WEC Energy Group eliminated 30 positions this week at its locations in Milwaukee, Green Bay, Chicago and elsewhere.
HollyFrontier brings back former CEO as current one set to retire
Petroleum refiner HollyFrontier Corp. (NYSE: HFC) has appointed former Chief Executive Officer Michael Jennings to succeed current CEO George Damiris, according to a news release.
Damiris is set to retire at the end of the year and has served in the position since 2016. Jennings was previously the CEO of Frontier Oil, and stayed on as CEO when the two companies merged in 2011 until 2016. Jennings will continue to serve as executive vice president until the new year.
Jennings was also appointed…
HollyFrontier brings back former CEO as current one looks to retire
Petroleum refiner HollyFrontier Corp. (NYSE: HFC) has appointed a successor to the company’s current leader George Damiris, according to a news release.
A familiar face at the company, Michael Jennings will assume the role of president and chief executive officer in January. Jennings was previously the CEO of Frontier Oil, and then took on the role of president and CEO when Frontier and Holly Corp. merged in 2011 until 2016.
Jennings will serve as executive vice president of the company until…
NADBank board appoints new managing director; funds multiple projects
The North American Development Bank’s board on Thursday appointed Calixto Mateos-Hanel of Mexico as the bank’s managing director to serve through 2023.
Mateos-Hanel had been interim managing director of the bank since July, taking over from former managing director Alex Hinojosa after he was allegedly fired for inappropriate behavior. Mateos-Hanel was previously the bank’s deputy managing director and worked for 25 years at Mexico’s central bank. He has a doctorate in applied economics from Stanford…
