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Pioneer Natural Resources co-founder will be barred from board in deal for Exxon merger

Pioneer Natural Resources co-founder will be barred from board in deal for Exxon merger
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Texas Power Prices Signal Grid Stress in Another Long, Hot Summer

(Bloomberg) A surge in Texas power prices for August suggests another summer of heavy electricity demand — and potential grid strain — to meet air-conditioning needs.Most Read from BloombergPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingWall Street Humbled as Fast-Reversing Markets Confound the ProsApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesThe Long, Slow Death of Urban NightlifeJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldTraders star

Texas power prices signal grid stress in another long, hot summer

A surge in Texas power prices for August suggests another summer of heavy electricity demand — and potential grid strain — to meet air conditioning needs. Traders start looking at prices months in advance to gauge the outlook for demand. Already, in mid-April, August power prices for Dallas soared to

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