logo
TXOGA applauds strategic commitment to West Texas growth and energy security

TXOGA applauds strategic commitment to West Texas growth and energy security

Yahoo25-04-2025

Apr. 24—AUSTIN — The Public Utility Commission of Texas (PUC) on Thursday took a major step in ensuring the long-term energy reliability and economic vitality of the Lone Star State by announcing that the buildout of the Permian Basin Reliability Plan will proceed using 765-kilovolt (kV) transmission lines — the highest-voltage transmission standard to be used in Texas.
Following the announcement, Texas Oil & Gas Association (TXOGA) President Todd Staples issued the following statement:
"Today's decision by the PUC to approve transmission lines in the buildout of the Permian Basin Reliability Plan further reinforces Texas' ongoing commitment to fostering economic growth, creating jobs and strengthening our energy independence. We thank PUC Chairman Thomas Gleeson, Commissioners Kathleen Jackson and Courtney Hjaltman, as well as staff, for their diligent and thoughtful work to advance this project. Former PUC Commissioner Lori Cobos also worked extensively on this issue. This decision is critical to ensuring that reliable power is available for oil and natural gas production and industrial development across West Texas — enabling the energy sector to continue delivering affordable, secure energy to Texas, the nation, and the world."
Conditionally approved in September 2024, the Permian Basin Reliability Plan addresses persistent concerns over insufficient transmission capacity in one of the most productive energy regions in the country. The plan is designed to support the region's strong and growing electricity demand and unlock continued economic development across the Permian Basin.
The Commission's endorsement of the 765-kV configuration signals not only the urgency of West Texas growth but also confidence in the ability of Texas transmission providers to deliver the project on time and within budget, despite challenging economic conditions. It also reflects the PUC's investigation and conclusion that the 765-kV approach offers the best long-term path to expand ERCOT's capacity and meet the state's growing power needs.
The buildout will represent the largest high-voltage transmission investment in Texas in more than a decade — a bold step toward future-proofing the grid and reinforcing Texas' global energy leadership.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The Financial Backbone of Startups: Why Austin Entrepreneurs Need Professional CPA and CFO Support
The Financial Backbone of Startups: Why Austin Entrepreneurs Need Professional CPA and CFO Support

Time Business News

time2 hours ago

  • Time Business News

The Financial Backbone of Startups: Why Austin Entrepreneurs Need Professional CPA and CFO Support

Austin, Texas, continues to attract some of the most innovative minds and fastest-growing startups in the country. From tech ventures to local service-based businesses, the entrepreneurial spirit is thriving. Yet for all the excitement and energy, one challenge keeps tripping up promising ventures: financial mismanagement. Many entrepreneurs focus on product development, customer acquisition, and branding—leaving accounting, forecasting, and compliance as afterthoughts. But in a city where competition is fierce and investors are selective, overlooking your financial health can cost you growth—or even your business. The startup journey often comes with: Inconsistent revenue Unclear cash flow Poorly tracked expenses Tax surprises Missed funding opportunities Founders are typically visionaries, not financial experts. As a result, many operate their businesses using spreadsheets, gut instincts, or outdated accounting software. These approaches might work in the first few months—but not when you're scaling, hiring, or seeking capital. Before you bring in CFO-level leadership or consult with CPA firms, your first step should be hiring a small business accountant in Austin. Bookkeeping : Maintain organized and accurate records of all transactions. : Maintain organized and accurate records of all transactions. Payroll : Process employee payments and ensure tax withholdings are accurate. : Process employee payments and ensure tax withholdings are accurate. Monthly Statements : Help you understand profits, losses, and where your money goes. : Help you understand profits, losses, and where your money goes. Quarterly Taxes: Keep your business compliant and avoid IRS penalties. Because they're local, an Austin-based accountant understands Texas tax rules, franchise tax obligations, and local filing deadlines better than a remote service. Bonus: Many small business accountants now use cloud-based software, giving you 24/7 visibility into your finances and eliminating guesswork. Once you're generating consistent revenue or considering scaling, a small business accountant might not be enough. This is where CFO service in Austin TX comes in. A Chief Financial Officer (CFO) isn't just a number cruncher. They're a financial strategist who provides leadership on: Cash flow forecasting Financial modeling and budgeting Investor readiness Loan or funding management Expense optimization KPI tracking and performance evaluation By hiring outsourced CFO services in Austin, startups get executive-level financial support without paying full-time executive salaries. It's a powerful way to gain expert insight while staying lean. Here are some real-world examples of how CFO support makes a difference: A CFO helps you assess whether you can truly afford to expand your team or open a new office—or if waiting 6 months would save you from cash flow trouble. Without knowing your margins, it's easy to undercharge. A CFO will analyze your costs and recommend a sustainable pricing structure. If your books are messy, or your pitch deck lacks solid financials, investors will walk away. A CFO ensures you're always 'investor-ready.' By working closely with your accountant and eventually a CPA firm, a CFO keeps you organized year-round so you're not scrambling when April rolls around. Austin isn't just any city—it's a tech hub, creative powerhouse, and magnet for venture capital. When you partner with local financial professionals, you gain access to: Regional insights on Texas tax law and local compliance. on Texas tax law and local compliance. Networks that include bankers, investors, and startup mentors. that include bankers, investors, and startup mentors. Personalized service from people who understand your business context. Unlike generic national services, local financial professionals understand the Austin startup scene and can offer advice grounded in real-world experience. As your startup matures, your needs will expand beyond bookkeeping and strategy. You'll require compliance, audit prep, advanced tax strategy, and possibly even exit planning. That's where CPA firms in Austin play a critical role. Tax filing and planning (local, state, federal) (local, state, federal) Audit preparation and representation Business incorporation advice Entity restructuring for tax savings Compliance with industry-specific regulations Valuation support for mergers or acquisitions CPA firms don't just look backward at your finances—they help you plan for future moves and long-term goals. Stage of Business Financial Support Needed Pre-launch/Prototype Small business accountant Post-revenue (>$100K) Add CFO service Austin TX Scaling (>$500K+) Add CPA firms in Austin Hiring early doesn't mean overextending—it means preparing for growth from day one. Today's financial experts—especially in tech-forward Austin—rely on digital tools to streamline operations. From cloud-based bookkeeping to real-time dashboards, the best financial partners will integrate with your systems like: QuickBooks Online Xero Gusto (for payroll) Expensify Fathom or Spotlight for reporting By leveraging these platforms, you get real-time financial visibility that informs better business decisions. Whether you're considering a small business accountant, CFO service, or CPA firm, ask: What industries do you specialize in? Do you understand the startup and venture-backed landscape? How do you communicate and deliver reports? What's your fee structure? Do you offer scalable services as we grow? Can you collaborate with our other partners (legal, banking, etc.)? Your financial team should feel like an extension of your startup—not just a service provider. Building a startup is hard enough. Don't let poor financial decisions be the reason you fail. By working with a reliable small business accountant in Austin, engaging strategic CFO service in Austin TX, and eventually partnering with experienced CPA firms in Austin, you're putting the right financial backbone in place to support your growth, funding goals, and long-term success. Whether you're preparing for your next funding round, trying to control runaway costs, or aiming for a clean exit—having trusted financial leadership will guide every decision with clarity and confidence. TIME BUSINESS NEWS

Analysts Look to Tesla's Robotaxi Launch After Stock Hit From Musk-Trump Spat
Analysts Look to Tesla's Robotaxi Launch After Stock Hit From Musk-Trump Spat

Yahoo

timea day ago

  • Yahoo

Analysts Look to Tesla's Robotaxi Launch After Stock Hit From Musk-Trump Spat

Tesla is expected to launch its autonomous ride hailing service later this month, perhaps as soon as this week. The company has yet to confirm or deny a report from Bloomberg that it is targeting a June 12 launch for the robotaxi. The EV maker's stock could use a lift after a week marked by a spat between CEO Elon Musk and President (TSLA) is expected to launch its robotaxi service in Austin, Texas, as soon as this week, with the electric vehicle maker's stock in need of a lift after a week marked by political strife between CEO Elon Musk and President Trump. The stock rebounded nearly 4% to close just above $295 Friday, after tumbling 14% on Thursday. They've lost roughly one-quarter of their value since the start of the year. Tesla bulls believe a robotaxi program could drive substantial upside in the company's stock. Bloomberg last month reported that Tesla was targeting a June 12 launch, citing a person familiar with the matter, adding that the date could change. The company has not confirmed that date, and Tesla did not respond to Investopedia's request for comment in time for publication. Musk said in last month's earnings call and a May 20 interview with CNBC that the company was still on track to launch the program by the end of the month. The start of the program, Musk told CNBC, will likely be about 10 Model Y vehicles operating autonomously, with the company later expanding to more vehicles and cities. Tesla owners will eventually be able to add their vehicle to the available fleet of Teslas to rent for a ride, Musk has said, which could help Tesla scale the project before the Cybercab goes into production next year. Oppenheimer analysts recently wrote that the company's ability to get its software to drive fully autonomously with its current suite of cameras could be "key to its technology leadership and stock performance," but added they believe it might take at least one or two more hardware and software updates before Tesla can deliver reliable autonomous performance. More bullish analysts, like Wedbush's Dan Ives, have said they think successful autonomous driving software will be the start of technology that will eventually add $1 trillion in value to the company. Overall, analysts are somewhat divided on Tesla's stock, with 10 of the brokers tracked by Visible Alpha giving the stock a "buy" rating, with four "hold" and four "sell" ratings. Their average price target is about $304, slightly above Friday's closing level, but their price targets range from as low as $120 to as high as $500. Read the original article on Investopedia

The Tesla share price could skyrocket next week!
The Tesla share price could skyrocket next week!

Yahoo

timea day ago

  • Yahoo

The Tesla share price could skyrocket next week!

The Tesla (NASDAQ:TSLA) share price is quite frankly hard to keep track of. One moment its down near $220, the next it's pushing towards $400. However, next week could be a big week for the company. The stock's valuation hinges not on electric vehicles (EVs), but its potential leadership in the autonomous driving space. As such, Tesla's upcoming robotaxi launch in Austin, Texas, set for 12 June, has reignited debate over the company's sky-high valuation and the potential for dramatic share price swings in the coming week. The move marks Tesla's long-awaited entry into the autonomous ride-hailing market. With rivals like Waymo, Zoox, and Avride already operating in the city's tech-friendly environment, Tesla may be in danger of falling behind. At the heart of any discussion about Tesla — or any stock — is valuation. Tesla's current and forward multiples remain among the highest in the consumer discretionary sector. The company's forward price-to-earnings (P/E) ratio stands at 180.4 times, nearly 1,000% above the sector median of 16.4 times, and even higher than its own five-year average of 115.1 times. The forward price-to-earnings-to-growth (PEG) ratio is 8.6. That's more than four times the sector median — and remember some of these other companies will pay a dividend. This tells us that even with projected earnings growth, the stock is expensive by growth investing standards. Meanwhile the price-to-sales (P/S) and enterprise value-to-EBITDA (earnings before interest, tax, depreciation, and amortisation) ratios tell a similar story. Tesla's forward P/S is 11.31 (sector median is 0.87), while its forward EV-to-EBITDA is 76.58 (sector median: 9.73). These metrics indicate Tesla is valued not just as a carmaker, but as a tech company with enormous anticipated future profits. The market's optimism, or overoptimism, is rooted in the robotaxi story. Tesla aims to dominate in the sector by quickly scaling its robotaxi operations globally. In theory, it's a high-margin business with strong recurring revenues. This would fundamentally alter the company's earnings profile. However, this optimism is highly speculative and contingent on overcoming significant technical, regulatory, and competitive hurdles. And that's why it's so important that Tesla impresses with its launch next week. There's also the Optimus robot. This is Tesla's humanoid robot, which like the robotaxi venture, is built around developments in artificial intelligence (AI). Optimus could also be game changing. Despite the possibilities, Tesla's valuation leaves little margin for error. And this risk is compounded by the competitive landscape in Austin. Waymo, especially, already established a presence, and its technology relies on different approaches — such as lidar and radar — compared to Tesla's camera-based system. And while Elon Musk touts Tesla's approach as more scalable and cost-effective, the company has a history of missing self-imposed deadlines on autonomy, which could test investor patience if the rollout stumbles. Personally, I want to see Tesla do well. I want companies to succeed and push the boundaries of technology. However, I believe Tesla's execution risk is considerable and the valuation hard to justify. That's why I'm watching from the sidelines. The post The Tesla share price could skyrocket next week! appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool James Fox has no position in any of the shares mentioned. The Motley Fool UK has recommended Tesla. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store