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Texas Won’t Fix ERCOT’s $ 16 Billion Billing Error

PUC ignored the recommendation of independent monitors to lower market prices for backward power for at least part of the winter storm week. THE TEXAS TRIBUNE – Texas utility regulators had a chance on Friday to eliminate the $ 16 billion that state grid operators mistakenly overpaid during a devastating winter storm when Last month But the committee of the …

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Why Wall Street wants energy companies pumping less, not much: NPR.

A gas station jack works late in the evening in Long Beach, Calif., On April 21, 2020, after burnt out from a previous cycle of growth and disruption in the oil industry.Wall Street now wants energy companies pumping less crude oil. More than this Apu Gomes / AFP via Getty Images Hide subtitles Switch subtitles Apu Gomes / AFP via …

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The Senate Relief Bill exempts student loan debt relief from taxes.

The Senate Democrats proposed the $ 1.9 trillion coronavirus relief package, released on Thursday, will be exempt from the student loan forgiveness tax from 2021 to 2025. This exemption applies to student loan forgiveness, insured or guaranteed by the federal or state government, as well as loans made by private lenders and educational institutions. It will not apply if an …

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A look at Coursera’s first S-1 filing – TechCrunch

After TechCrunch broke News yesterday that Coursera was planning to file an S-1 today, the edtech company dropped official documents Friday evening. Coursera is most recently valued at $ 2.4 billion by private markets as it recently raised a Series F funding round in October 2020 valued at $ 130 million. Coursera’s S-1 filing offers financial information on how edtech …

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VW’s Trinity project is on its way for the Tesla Model 3.

Photograph: A. VW Volkswagen Has announced a new electric sedan. Price and setup to compete with EVs, for example. Tesla Model 3Or maybe something a little bigger? THe has a damn name already.: A. Trinity Project. I don’t know why this isn’t sorted out for the “ID” nomenclature that VW is building with the European ID.3 and US ID.4 crossovers, …

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What Nestle buys Essentia shows about the state of bottled water.

Nestle said Tuesday it was buying alkaline water brand Essentia for an undisclosed price. This is the latest step in the overhaul of Nestlé’s global bottled water business. The “functional waters” that offer health benefits are of greater interest to investors and founders. Visit Business Insider’s section for more stories. It is with the old and the new in one …

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Fairmont San Jose filed for bankruptcy.

SAN JOSE, Calif. (KRON) – The Fairmont San Jose filed for Chapter 11 bankruptcy reorganization on Friday. The hotel was shut down while they sought a management partner and ‘Extend existing mortgage debt’ The few guests left in the hotel were transferred to another hotel. “We know that by taking this difficult step, we will return to a more vibrant …

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The Fairmont Hotel in downtown San Jose filed for bankruptcy.

SAN JOSE – The Fairmont, a landmark in downtown San Jose, filed for bankruptcy on Friday and closed its doors. But stated that it would open again and be able to operate in a couple of months. Owners of the iconic 805-room hotel say they shut down Fairmont while trying to find a management partner and expand their existing mortgage …

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