The continued growth of the Texas economy in June, as evidenced in new Federal Reserve Bank of Dallas surveys, has shown up with increased power demand and wholesale power prices in the Electric Reliability Council of Texas and the state’s hub of the Midcontinent Independent System Operator. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Dallas Fed’s Texas Service Sector Outlook Survey, released June 29, shows a revenue index of 16.7%, down from this May’s 23.9%, but up sharply from June 2020’s 6.8%. The bank’s Texas Manufacturing Outlook Survey, released June 28, shows a production index of 29.4%, up from this May’s 15.7% and June 2020’s 14.8%. The Dallas Fed surveys’ various indexes reflect the result when subtracting the percentage of respondents reporting a decrease from the percentage reporting an increase. For example, the most recent survey had 42.2% of manufacturing survey respondents reporting […]