Oncor, the Dallas-based sticks-and-wires utility, has collected half a billion dollars from ratepayers since 2007 for federal income taxes. But according to a report, the IRS hasn't received a dime.
In fact, most of that cash has gone to its struggling parent, Energy Future Holdings, which is march ... More >>
Five months ago, Dallas didn't even register on Forbes rundown of U.S. metro areas with the rosiest employment prospects, losing out to San Jose and Austin but also to Birmingham, Charleston, and Lakeland, Florida.
That was a prediction based on a survey of employers' hiring predictions. Now that t ... More >>
At least for now, Dallas-based electricity and transmission giant Energy Future Holdings, the former TXU, is paying off its debts. Technically, it's completely insolvent, but that hasn't stopped the Wall Street firms who purchased the company in the biggest leveraged buyout in history from extractin ... More >>
Market seers think Dallas-based Energy Future Holdings, which owns the state's biggest power generating assets, might be engaging in a little prebankruptcy housekeeping. The latest sign? It's repayment of an inter-company loan.
Energy Future isn't a single, vertically integrated giant like it was w ... More >>
If I had one of those framed crochet mottos on the wall over my desk, it would say, "Give Credit Where Credit is Due, asterisk." Below the asterisk at the bottom of the frame it would say, "Except for the Dallas Morning News."
Ah, but you know. Sometimes you gotta stretch. Gotta do it, even if it ... More >>
Oncor, the transmission company that runs power lines and electricity meters, is just about the only good thing Dallas-based Energy Future Holdings has going for it. Energy Future's generation arm, Luminant, the largest unregulated power generator in Texas, has seen its coal-fired power plants preci ... More >>
Warren Buffett, the inimitable Jesus of Investing, got it wrong, he admits. Investing in the highly leveraged buyout of Texas utility TXU by Kohlberg Kravis Roberts and Goldman Sachs was a bad bet, plain and simple, he told his shareholders in a letter Saturday. And if things at the former TXU (now ... More >>
Patrick MichelsWhere to begin -- Vegas, maybe? Perhaps you've heard: Dallas Independent School District Superintendent Michael Hinojosa's now just one of two finalists for the Clark County School District's top job, since the Floridian in the mix dropped out. Meanwhile, this Thursday, the DISD's ... More >>
Sam MertenChuck Greenberg, Tom Hicks and Nolan Ryan on the day the Rangers announced a prepackaged Chapter 11 planTomorrow in a Fort Worth courtroom, should all go according to plan, U.S. Bankruptcy Judge Michael Lynn will rule on whether Hicks Sports Group can move ahead with its sale of the fir ... More >>
Near the close of business Wednesday, we posted Blockbuster CEO Jim Keyes's admission that the Christmas season delivered little more than a lump of coal for the Dallas-based videotailer, as in: "Our performance during the holidays was well below expectations." When I spoke with Keyes at great le ... More >>
We understand City of Ate is an, um, unusual blog.The Dallas market was already well-served, when we started up, by outlets breaking news tidbits, speculating on rumors, providing forums on topics of the day and such. So we conceived of a 'magazine-style' blog--a venue for recurring articles, som ... More >>
Brian HarkinDo you think President Obama ever imagined his stimulus package would help Dallas build a convention center hotel? This guy sure did.As the city's hotel development corporation prepares to sell what is now $505,230,000 in revenue bonds to build the convention center hotel, Moody's Invest ... More >>
In a subscription-only story published this morning, The Bond Buyer notes that both Moody's Investors Service and Standard & Poor's have downgraded their ratings of the Dallas Independent School District. Both still consider the district a relatively safe investment, but the downgrades reflect a ... More >>