Texas Electricity – In the News (07-09-17)

Investment in the Texas utilities industry has always been a large part of the Texas economy and this week’s announcement that Berkshire Hathaway is purchasing Oncor is another large milestone on that path.

Below are a couple of articles that broke in the news this week and that detail the purchase and the motivations behind it.

Warren Buffett unveils deal to buy big piece of Texas electric grid

Warren Buffet is making a play for Texas’ largest electric transmission utility. Berkshire Hathaway, his multinational conglomerate, has unveiled a deal to buy Oncor.

Warren Buffet is making a play for Texas’ largest electric transmission utility.

Berkshire Hathaway, the famed billionaire’s multinational conglomerate, unveiled a roughly $18 billion deal Friday to buy 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.

If approved, the deal could help deliver Energy Future Holdings, Oncor’s parent company and Texas’ largest power conglomerate, from one of the largest corporate bankruptcies in American history. That company, which filed for Chapter 11 bankruptcy in 2014, is saddled with about $50 billion in debt… Read more

Compare Texas Electricity
Texas Electricity News

Below is another article that outlines why so many in the industry are endorsing the planned purchase.

Warren Buffett’s plan to buy Texas electricity giant Oncor is a winner, and here is why

For most of the past decade, Oncor Electric Delivery Co. has shown that ownership doesn’t matter much. Maybe that’s because it never had the kind of owner it deserved.

Warren Buffett is about to change that.

Last week, a unit of the giant holding company that Buffett leads, Berkshire Hathaway Energy, agreed to acquire Oncor for $18.1 billion, including debt. In recent years, two other sales of the state’s largest regulated utility were proposed, only to be derailed by the Texas Public Utility Commission.

This case is different, in part because Berkshire and Oncor had the foresight to win over stakeholders in advance. Groups representing cities, industries and consumers support the deal. Even the PUC staff director endorsed the takeover… Read more

A couple of great additional resources:
1) Texas Electricity Ratings – link
2) Public Utility Commission of Texas – link

Texas Energy News

Setting up Your Houston Electricity Service and Other Move In Essentials

It’s so exciting, isn’t it? Getting ready to move into your new home. Whether it’s your first home ever or your tenth, there is just something exciting about getting ready to unpack boxes and making your new house a home.

No matter your situation or how many times you have moved in the past, there is always a long list of things that have to be done. Here are a few things you can do to prepare to make your move into your new Houston home a little easier.

Houston Electricity
Houston Residential Electricity

Plan to Have Your Electricity Hooked Up the Day You Move In

It might seem like an odd place to start, but it is important to make arrangements to have the electricity and water switched over from the previous homeowner to you. You will want to shop around to find the Houston electricity provider that has the best plan and best rates.

A few sites that are great resources for you:
1) Texas Electricity Ratings – link
2) Public Utility Commission of Texas – link
3) Houston Water Dept – link

Do not assume you need to keep the same electricity company as the previous owner

In Texas, electricity is deregulated and you have the power to choose the energy company you want to provide your electricity.

Houston electricity rates are competitive and you have your choice of many energy companies in Houston. Do a little research, then schedule to have your electricity hooked up for the day you move in.

Have a Go Box of Needed Essentials

There are a number of things you’ll need right away after you take possession of your new home. For instance, you might need a screwdriver and hammer for putting the furniture back together, assembling new furniture, or hanging pictures. You will probably need some utensils and bowls or plates to eat for your first meals in your new home.

Make a list of things you’ll need easy access to and put those things in one box. Make sure it is marked so it does not get packed with everything else. That box should go in your car or trunk so you can easily get at it without having to go through all of your other boxes.

If you have children, make sure you pack a box for the kids so they have everything they need to get them through the first few days.

You will also want to have a suitcase with clothes for everyone for a day or two. This makes getting ready in the morning easier than having to find everyone’s clothes, toothbrushes, and clean undergarments. This is especially helpful if you haven’t been able to take a few days off work to get your new home in order.

You can just have everything ready for you in the morning and get on with your day. If at all possible, take at least two days off from your job so you can get your home in order without worrying about having to rush out the door in the morning.

Internet and Phone Installation

In addition to your electricity service, it is a good idea to have your internet and phone services hooked up the day you move in. It can be a little inconvenient having to wait a few days for internet, and if you are used to being “hooked in” 24/7, it might sure put a crimp in your normal day-to-day life. Save yourself and your family the trouble and have your services hooked up as soon as possible.

Having a game plan, however small, can really help you get your new home put together quickly. Houston-area homeowners can make their move easier by ensuring their electricity and water are hooked up, they have go bags and suitcases, and they have an idea of when they will get their internet hooked up. Good luck with your move!

How to Reduce Your Dallas Electricity Bill

If you are trying to cut costs, it can be difficult to know where to cut. There are many obvious places you can reduce your spending such as your groceries, gasoline, and nights out on the town. But it takes a little more thought and consideration to reduce costs in the home.

Of group of Dallas homeowners were recently asked what they do to reduce expenses in the household. The consensus was that electricity is one of the major expenses that offers the greatest savings.

Take a look at the list to see what might seem doable for you. While everything on the list is possible, the recommendation is to start slowly then focus on the next item on the list so you can plan how to incorporate it into your lifestyle.

How to save on Dallas electricity
Dallas Electricity Saving Tips

Energy-Saving Tips for Dallas Homeowners

1. Electricity to cool and heat your home can be significant so use smaller appliances like hot plates and slow cookers to reduce the energy consumption in your home. Rather than use your oven and burners, you can keep your energy rates down.
2. Turn your lights off when you are not using a certain room. Dallas electricity rates can fluctuate based on the time of day you are drawing on the electricity, so turn off the lights when they don’t need to be in use.
3. Dallas energy providers can offer you competitive pricing on your electricity so you if you so some shopping around, you will be surprised at how much you can save off of electricity bill.
4. Use your barbecue to cook up larger amounts of food and then just reheat the portions you need in the microwave when you are ready for a meal.
5. Use energy efficient light bulbs and thermostats that automatically adjust the temperature in your home when the outside temperature goes up or down so you don’t waste electricity. There can be an initial cost associated with this, but some energy companies in Dallas will give you a discount for moving to energy efficient products.
6. Don’t run several devices at once. Most people have a terrible habit of sitting in front of the television while playing on their laptops with all of the lights on in the house. Only turn on the lights you need and use one thing at a time and you will be surprised at the electricity savings.
7. Don’t stand in front of the refrigerator wondering what to eat: decide before you open the refrigerator. Much wasted energy and cold just goes into thin air when we do this. It’s a bad habit. Try to stop doing this.
8. Try hanging your clothes to dry rather than running the dryer for a full cycle.
9. Consider holding off on washing clothes until you’ve worn them at least twice. Hang clothes up to keep them looking fresh, and then when they have been washed, hang them on a line to dry. You can indoor or outdoor lines. And as an added bonus, clothes hung outside smell fresh and clean – even more so than when they have been dried in a dryer.
10. Use battery-powered light in your closets and in your garden. Rather than running power to places you don’t use frequently, consider using battery powered lights or solar lights for outdoors.
11. Finally, keep an eye on your power bill by signing up for alerts. Most Dallas electric companies offer electronic alerts that can tell you when you are hitting your quota or nearing your typical billing cycle electricity consumption. Being aware can really save you money on your electric bill.

By following these tips and being conscious of energy usage, most families find they can save a quarter to a third off of their energy bills.

Other sites to help you save on your Dallas electricity bill:

1) Texas Electricity Ratings – click here
2) Public Utility Commission of Texas – click here
3) Dallas Better Business Bureau – click here