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Lieutenant Governor Dan Patrick said on Wednesday that variable utility plans which delivered extraordinary power bills to Texans may be banned because customers were not reading the fine print. Patrick told Fox News ' Harris Faulkner that residents should "not panic" after being broadsided by the unexpected debts, vowing that the state would help "figure that out." Although millions were left without electricity amid Texas' unprecedented cold snap earlier this month, many of those who did not have power cut saw their bills skyrocket, with some invoices soaring as high as $17,000 due to variable pricing plans. "I saw the story about the high bills, let me explain that," Patrick said. "We have in Texas, you can choose your energy plan and most people have a fixed rate. If they had a fixed rate per kilowatt hour, their rates aren't going up. Now, their bill might be up because they used more energy because they had the heat up when they got the power back. But the people who are … [Read more...] about Dan Patrick Says Texas May Ban Utility Plans That Produced $17k Power Bills: ‘Read the Fine Print’

LMC Automotive said on Thursday. Retail sales of new vehicles are estimated to reach about 975,600 units in February, a 3.3% increase from a year ago, when adjusted for selling days, the consultancies said. This year, February has two fewer selling days and one less selling weekend than a year ago, which was a leap year. Without the adjustment, sales would decrease 4.6%. "Despite challenges posed by inclement weather in most of the country, retail sales demand continues to be strong," said Thomas King, president of the data and analytics division at J.D. Power. King added that February results showed lean inventories with vehicles selling quickly at dealerships at lower discounts. Average transaction prices are expected rise 9.8% to $37,524, an all-time high for the month of February. Average incentive spending per unit in February is expected to reach $3,562, down from $4,176 a year ago. Disciplined incentives, dealer discounts and lower interest rates amid a shift … [Read more...] about U.S. auto sales to rise in February despite weather woes: J.D. Power, LMC Automotive

SINGAPORE: Dow Inc is adjusting its carbon footprint and product slate to adapt to climate change and tap evolving consumption trends tied to the global energy transition, a senior executive said this week. Dow has pledged to become carbon neutral by 2050 by boosting the use of renewable energy, such as wind power in the southern United States, and by improving energy efficiency at its petrochemical plants, Dow's Asia Pacific President Jon Penrice told Reuters on Wednesday. It is also developing products that help customers cut their own emissions such as sealants that improve heating efficiencies in buildings, materials to lighten electric vehicles and make batteries more efficient, he said. "We actually see climate change as something that's very likely to happen, high probability and high impact," Penrice said. "It's going to be a big opportunity I think for many, many players in the petrochemical industry." GREEN PUSH Dow launched its MobilityScience … [Read more...] about Petchem giant Dow braces for “high impact” from climate change – executive

OPINION: Tom’s brother Gavin is visiting on his way back to the North Island. “So, Tom, now that you have an electric car, you are a certified, card-carrying tree-hugger!” Gavin says with a laugh. “Who’d of thought that the kid doing burnouts in front of the church at two in the morning would become a greenie?” “Shush, Gavin! Jimmy just got his licence and doesn’t know about that. And, I’d appreciate it if he didn’t find out. Bad example, you know.” “OK, Tom, the secrets of your wild and crazy youth are safe with me.” So, how’s the electric car working out?” Gavin asks, nursing his cup of tea. Tom: “Great so far. I don’t have to visit petrol stations any more and the extra on the electricity bill isn’t that much. And the car is so quiet. I especially like ‘one-pedal’ driving. I hardly touch the brakes any more.” Gavin: “One pedal? How does that work?” Tom: “It’s called regenerative braking. Instead of braking to a stop, you simply back off on the accelerator pedal. … [Read more...] about People power the real drivers of change

PHILADELPHIA (AP) — Sidelined two weeks because of COVID-19 protocols, Claude Giroux had enough of watching Flyers games on TV. “It’s not that fun watching the guys play when you’re at home,” he said. READ MORE: Police Searching For Two Suspects Wanted In Northeast Philadelphia Homicide Giroux made it fun playing with the Flyers. His 903rd career game tied him with Bill Barber for most in the regular season with Philadelphia. He also had three assists in his return from a coronavirus absence to lead the Flyers over the New York Rangers 4-3 on Wednesday night. “Surprised would be an understatement,” coach Alain Vigneault said. “I didn’t really know what to expect, but you could tell early on he had his game tonight.” Giroux, who played his first game since Feb. 7, led the Flyers with eight shots on goal, 12 total shot attempts, three points and was 8 of 11 on faceoffs. “This was one of his better games all year,” Vigneault said. James van Riemsdyk and Shayne Gostisbehere … [Read more...] about Claude Giroux Powers Flyers To 4-3 Win Over Rangers In First Game Back From COVID