Texas
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Following is the unofficial transcript of a CNBC exclusive interview with Texas Governor Greg Abbott on CNBC’s “Squawk on the Street” (M-F 9AM – 11AM ET) today, Thursday, September 2. Following is a link to video on CNBC.com: Q2 2021 hedge fund letters, conferences and more Texas Governor Greg Abbott: Abortion Law, Similar Policies Will Draw Business To TexasMORGAN BRENNAN: The state of Texas is the center of some controversy on a number of fronts this morning grabbing headlines for the new abortion law that Rahel Solomon just mentioned but all of this as the state works to court new employers...
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ERCOT CEO, Bill Magness, who heads the Electric Reliability Council of Texas – the organization overseeing the power grid for most of the state – indicated that the grid was “minutes away from total collapse” during the storm last week. It would have required a “black start” to get it up again – basically, dealing with potentially damaged equipment and rebooting the entire system from zero. That would potentially have taken weeks or months to fully restore the electric grid. Although the Texas electric grid is isolated from other U.S. grids, its gas network is not. Hypothetically, this is what...
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Tesla CEO Elon Musk is moving to Texas after threatening to move the automaker’s headquarters there earlier this year. Although Tesla will still have its headquarters in California, it is building a new factory in Texas, which Musk cited as one of the reasons for his move. Q3 2020 hedge fund letters, conferences and more Tesla CEO Musk moves to TexasMusk told The Wall Street Journal during its CEO Council annual summit on Tuesday that was moving to the Lone Star State. He explained that although "there's a lot of things that are really great about California," he thinks the state is taking its...
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