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Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

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RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

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Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

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Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

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Weatherford's Wild Mushroom to open in Fort Worth's Ridglea Village

Weatherford restaurant staple The Wild Mushroom Steak House & Lounge will be coming to Fort Worth in November, moving into the former site of Ray’s Steakhouse at to 3206 Winthrop Ave. in the Ridglea Village Shopping Center.

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ERCOT plans no rotating outages ‘at this time’
A. Lee Graham

Reporter

With icy temperatures boosting electricity usage statewide, the Electric Reliability Council of Texas has announced an energy emergency alert and has implemented the first two stages of steps to protect the power grid.

“We have brought on all available electric generation and have deployed all demand response programs that have contracted with ERCOT to reduce electric use in emergency situations,” said Dan Woodfin,  the agency’s director of system operations, commenting in a news release.

“Conditions appear to be improving at this time, and we do not expect to implement rotating outages this morning,” Woodfin said in a news release posted at 7:59 a.m. today.

Such outages are temporary interruptions of electrical service initiated by each utility when reserves power supplies are exhausted. They primarily affect residential neighborhoods and small businesses.

Until operating reserves are restored to target levels, the agency said customers can help by keeping thermostat as low as is comfortable, preferably no higher than 68 degrees; turning off and unplugging non-essential lights and appliances; and avoiding running large appliances such as washers, dryers and electric ovens during peak energy demand hours (6-9 a.m. and 4-8 p.m.).

More information is available at www.ercot.com and www.powertosavetexas.org.

lgraham@bizpress.net

 

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Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?