The Texas economy is one of the most robust in the world. Wildly profitable companies and ingenious entrepreneurs call this state home, and what happens here influences businesses around the nation. Here’s a slice of the profits, losses, big deals, and backroom decisions happening across Tex
Electric Cars Won’t Shock the System
The popularity of electric cars is expected to grow in the coming years, raising questions about whether Texas’ already-struggling grid can support the increased demand for electricity. This week the head of the Electric Reliability Council of Texas told a Senate committee that there’s no cause for concern just yet.
ERCOT CEO Trip Doggett said “he doesn’t believe even widespread adoption of electric vehicles would have any negative effect on the transmission system,” StateImpact Texas reports. However, while ERCOT is not worried about electric cars causing problems in the short term, the long-term picture depends on the availability and affordability of fuel sources to power the grid.
The Bottom Line: Another factor to consider is the impact not just on the statewide grid, but also on local electricity distributors in markets where the vehicles are most popular. Such “localized challenges” could arise if people charge their cars during peak summer hours, according to StateImpact.
Scott & White and Baylor Unite
A forthcoming merger between Temple-based Scott & White Healthcare and Dallas-based Baylor Health Care System will create “the largest not-for-profit health system in the state,” according to the Dallas Business Journal. Robert Pryor, the president and CEO of Scott & White, will lead the new system, which “would have $7.7 billion in combined assets and include 42 hospitals, 4,000 active physicians and 34,000 employees.” The deal is expected to take effect next year.
The Bottom Line: Healthcare company mergers are becoming increasingly common in response to policy changes including the Affordable Care Act, which will restructure the ways the industry does business, the DBJ reports.
Getting the Dell Out of Carolina
Dell is moving closer to finally parting ways with a former North Carolina manufacturing plant it shuttered two years ago due to