Nov. 30-Dec. 7, 2009
CAPP NEWS ROUNDUP
November 30, 2009 through December 7, 2009
Industry News
Oil natural gas tax revenue drops impact Texas budget
By John-Laurent Tronche
Fort Worth Business Press
December 7, 2009
The decline in oil and natural gas drilling activity in 2009 will have a significant impact on the state's bottom line. In its biennial revenue projections, the State Comptroller's office reported that Texas brought in 2.7 percent less revenue during fiscal year 2009 than in 2008, due in part to reduced drilling activity.
Power plants' coal smoke tarnishes halo of electric cars
By Elizabeth Souder
Dallas Morning News
December 5, 2009
Electric vehicles do cut carbon dioxide emissions significantly compared with new gasoline cars. At the same time, in Texas, they would create more smog-forming nitrogen oxides and could strain the electricity grid. http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/120509dnbusnuelectriccars.189e3e2.html
Costs Cloud Texas Nuclear Plan
By Rebecca Smith
Wall Street Journal
December 5, 2009
Spooked by escalating costs, a city-owned utility in San Antonio is considering backing out of a venture with NRG Energy Inc. to build two next-generation nuclear reactors in Texas. CPS Energy is expected to make a final decision next month, after it gets an updated cost estimate from Toshiba Corp., which will oversee construction of the two reactors.