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’
High power xtc
Sterlite Power elevates Manish Agarwal as CEO of its infrastructure and solutions business
Global developer of power transmission Sterlite Power has announced the elevation of Manish Agarwal as CEO of its infrastructure business, in addition to his existing role as CEO for the solutions business, said a statement issued today. Agarwal has been associated with the Sterlite Group for 22 years and has held various leadership positions across the organisation. Prior to his role elevation, he was CEO of the solutions business which focuses on brownfield transmission consisting of master systems integration (MSI) and manufacturing of underground power cables and overhead products including high performance conductor and OPGW. In the elevated role, he will be responsible for both greenfield and brownfield transmission business of the company in India. “Manish is a seasoned leader with rich experience in the power and telecom sectors. His strong leadership credentials give us tremendous confidence in his ability to lead this business in alignment with … [Read more...] about Sterlite Power elevates Manish Agarwal as CEO of its infrastructure and solutions business
How Vietnam builds up soft power
The Hanoitimes - Throughout recent decades, Vietnam has been making progress in accumulating soft power. In the past few decades, the government of Vietnam has been taking numerous actions toward building up and maintaining the country's soft power. Vietnam makes efforts in accumulating soft power Vietnam ranked 50th among the world’s 60 most influential countries in the first-ever Global Soft Power Index released in 2020 by London-based consultancy Brand Finance. Harvard professor Joseph Nye who initiated the idea of “soft power” in the mid-1990s said it is “getting others to want the outcomes that you want.” It can also be understood as the ability to shape the preferences, shaping the agenda of the discussions. Nye identified three main sources of soft power, including culture, domestic policies and values that the country is seeking after, foreign policies and goals of the country abroad. In the Vietnam case, researchers argued that developing soft … [Read more...] about How Vietnam builds up soft power
California’s Power Outages Are About Wildfires—But Also Money
The red wind started to blow again this week —hot, dry gusts up to 75 miles per hour in some parts of Northern California. Usually, their arrival means wildfires are on the way, a recurring threat to life and property thanks to climate change and urban sprawl . This time was a little different, though. As The New York Times points out , five out of the 10 most destructive wildfires in California history were at least in part the fault of equipment belonging to Pacific Gas & Electric, the utility company that delivers power to 16 million people in the top half of the state. In part because of liability claims from victims of past fires, $8.4 billion worth, PG&E is in the midst of bankruptcy . So this time, when the red wind started to blow, PG&E turned off the power. Did they do it out of an overabundance of caution and concern for safety? Definitely. But at least one expert suspects another set of priorities at work: PG&E’s ongoing bankruptcy … [Read more...] about California’s Power Outages Are About Wildfires—But Also Money
U.S. auto sales to rise in February despite weather woes: J.D. Power, LMC Automotive
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