JEA pulls out of employee incentive program
JEA has pulled out of its Long Term Performance Unit Plan, which would have allowed employees to defer compensation and invest in JEA.
Akin to an employee voluntary benefit program, the program would’ve allowed employees to be invested in the company and incentivized by its privatization.
In a letter from General Counsel Jason Gabriel to JEA CEO Aaron Zahn, he described the primary purpose as “to incentivize employees to drive and increase JEA’s customer, community and environmental value.”
“The…
JEA pushes back against Civic Council, claims compliance
A letter from Herschel Vinyard, JEA’s chief administrative officer, pushed back against allegations made by Jacksonville Civic Council Executive Director Jeanne Miller at the City Council workshop.
At the meeting Miller described difficulty in getting documents from JEA and raised questions about redacted information and the validity of “death spiral” claims.
The letter, dated for Nov. 14, is addressed to Jacksonville Civic Council President Tim Cost and describes efforts by JEA to provide the…
Energy Transfer nabs millions of dollars in state incentives for Houston-area project
The company has reached a tax incentive agreement with a local school district.
Longtime Oregon company plans move to Houston with new CEO, new focus on energy
The former CEO of a Houston-based public company is now in charge of an Oregon-based company moving to the Bayou City to pursue the energy market.
Executive Voice: Oil industry vet builds sandboxes that changed fracking
The PropX system came out when fracking typically used dump trucks of sand and noisy fan systems to blow the fine sand into place on a fracking site.
Pennsylvania’s natural gas production growth continues to lead U.S.
Pennsylvania’s natural gas production growth led the United States in 2018 — and helped set a national record.
The Energy Information Administration said dry natural gas production rose 12 percent to 83.8 trillion cubic feet in the United States in 2018, the largest percentage increase since 1951 and the highest increase in volume as far as records go back.
While Texas remained the top gas producing state with 6.8 trillion cubic feet, Pennsylvania was not far behind with 6.1 trillion cubic feet,…
Noble Energy drops down midstream assets to MLP, simplifies businesses in $1.6B deal
Houston-based Noble Energy Inc. (NYSE: NBL) and its Noble Midstream Partners LP (NYSE: NBLX) master limited partnership announced a $1.6 billion cash-and-stock deal that will simplify the companies’ midstream operations.
The deal, which closed Nov. 14, is the conclusion of Noble Energy’s strategic review of its midstream business, according to Nov. 15 press releases. It includes the MLP acquiring all of Noble Energy’s remaining midstream interests and the elimination of the latter’s incentive…
Most Admired CEO Matt Owens strikes community relationships for energy expansion
The acting CEO of Extraction Oil and Gas found himself unexpectedly needed in the role when his partner and co-founder
Special Report: These are Denver’s Most Admired CEOs for 2019
Twenty top executives were honored Nov. 14 at the Ritz Carlton, with a rock-star theme. Here’s who they are, what they do and what they have to say.
Yeager’s Viewpoint: Act 129 cap hurts business
A local manufacturer makes the case for supporting industry that boosts energy efficiency.
