Tribpedia: Economy

With a civilian labor force of more than 12 million and a gross state product of $1.22 trillion in 2008, Texas has the second largest economy in the United States and the 15th largest in the world. The Federal Reserve Bank of Dallas is one of many agencies that keeps track. The state comptroller stays up with key statistics.

Texas Regulators Uncertain on Hunt Deal

With a deadline for action looming, Texas regulators are struggling to make up their minds about the finer points of the Ray L. Hunt family’s $18 billion proposal to buy and reshape Oncor, the state’s biggest electric utility. One sticking point — should Oncor be allowed to charge customers hundreds of millions of dollars for federal taxes that the company wouldn't actually have to pay?  

Oncor CEO Bob Shapard testifies before the Texas Public Utility Commission on Jan. 11, 2016. He expressed concerns over the Hunt family's plan to buy Oncor, the state's largest electric utility.
Oncor CEO Bob Shapard testifies before the Texas Public Utility Commission on Jan. 11, 2016. He expressed concerns over the Hunt family's plan to buy Oncor, the state's largest electric utility.

Oncor: Hunt's Possible Merger Could Boost Rates

Oncor, the state’s largest utility, is warning state regulators that electric rates could increase for millions of Texas customers if they approve a complex reorganization plan offered by the Ray L. Hunt family.

 

An oil driller had filed a lawsuit over sales tax refunds. Texas Comptroller Glenn Hegar's office warned that a Texas loss could have spurred up to $4.4 billion in refund filings for 2017 alone.
An oil driller had filed a lawsuit over sales tax refunds. Texas Comptroller Glenn Hegar's office warned that a Texas loss could have spurred up to $4.4 billion in refund filings for 2017 alone.

Oil Driller's Lawsuit Could Cost Texas Billions in Tax Refunds

What is the definition of "tangible personal property?" The arcane question is at the center of a lawsuit that could reap energy companies a multibillion-dollar windfall and drain the state's budget surplus.

In January 2015, Texas Comptroller Glenn Hegar said that his revenue estimate to divvy up for the 2016-17 budget would be about $113 billion.
In January 2015, Texas Comptroller Glenn Hegar said that his revenue estimate to divvy up for the 2016-17 budget would be about $113 billion.

After Dour Report, Hegar Says Moody's "Should Know Better"

Comptroller Glenn Hegar launched a torrent of criticism at Moody’s Investors Service on Thursday after the credit rating agency released a report suggesting a drilling slowdown could eat up a projected $4 billion budget surplus by December.

During a stop at the Spindletop Museum in Beaumont, U.S. Sen. Ted Cruz pitched his energy policy bill, which he calls the American Energy Renaissance Act.
During a stop at the Spindletop Museum in Beaumont, U.S. Sen. Ted Cruz pitched his energy policy bill, which he calls the American Energy Renaissance Act.

Disconnect for Ted Cruz Between Pipeline Stance and Attack on Trump

Despite a recent ad bashing Donald Trump for employing eminent domain for a parking lot, Ted Cruz has backed the Keystone XL and other pipeline projects that would use the same controversial tool to displace landowners.

 

Oncor CEO Bob Shapard testifies before the Texas Public Utility Commission on Jan. 11, 2016. He expressed concerns over the Hunt family's plan to buy Oncor, the state's largest electric utility.
Oncor CEO Bob Shapard testifies before the Texas Public Utility Commission on Jan. 11, 2016. He expressed concerns over the Hunt family's plan to buy Oncor, the state's largest electric utility.

Oncor Airs Concerns with Ray Hunt Takeover Plan

Top officials at Oncor, Texas’ largest electric utility, aired concerns on Monday with Dallas billionaire Ray L. Hunt’s $18 billion proposal to take over and reshape their company.

Physicist Paul Chu, head of the University of Houston's Center for Superconductivity, speaks at a research summit organized by the Academy of Medicine, Engineering and Science of Texas on Nov. 13, 2015.
Physicist Paul Chu, head of the University of Houston's Center for Superconductivity, speaks at a research summit organized by the Academy of Medicine, Engineering and Science of Texas on Nov. 13, 2015.

Texas Scientist Aims to Revolutionize Electricity Grid

Paul Chu, founding director and chief scientist at the University of Houston’s Texas Center for Superconductivity, discusses how energy storage could revolutionize the grid, and how Texas plays a role in advancing the technology. 

A new breed of app-based moving companies has drawn the interest of the Texas Department of Motor Vehicles, which wants to ensure that the companies are following state laws.
A new breed of app-based moving companies has drawn the interest of the Texas Department of Motor Vehicles, which wants to ensure that the companies are following state laws.

Uber-Style Moving Apps Draw State's Attention

A new breed of app-based moving companies has drawn the interest of the Texas Department of Motor Vehicles, which wants to ensure that companies with names like Buddytruk and PICKUP are following state laws.

Paul McGuire, with the federal Bureau of Land Management, speaks with landowners in Clay County on April 28, 2014.
Paul McGuire, with the federal Bureau of Land Management, speaks with landowners in Clay County on April 28, 2014.

Red River Landowners Take Battle with Feds to Court

Tired of waiting on lawmakers and bureaucrats to clear up their limbo, a group of North Texans has turned to the courts in an effort to reclaim thousands of acres of ranch and farmland along the Texas side of the Red River. 

Prop 1 signs posted along the Adaptive Sports and Recreation facility on West Grey in Houston, TX for the November 2015 election. Photo by: Shelby Knowles
Prop 1 signs posted along the Adaptive Sports and Recreation facility on West Grey in Houston, TX for the November 2015 election. Photo by: Shelby Knowles

No Evidence Yet of Backlash to Houston HERO Vote

After it became clear that Houston’s non-discrimination ordinance would be trounced at the polls, Houston Mayor Annise Parker said she feared a “direct, economic backlash” for the city. So far, there's no visible evidence of one.