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Over the last 4 weeks wholesale electricity futures in PJM have continued to rally. Fueled by bullish near-term natural gas prices, electricity prices have been highly correlated to NYMEX futures. Fig... READ MORE >

Since early 2018, the forward power market in Texas has been in various states of backwardation (prices for a commodity get less expensive into the future). This backwardation made longer retail elect... READ MORE >

Built in 1985 and originally known as the Belo Building, 400 Record is a 17-story, 235,000 square-foot property in downtown Dallas. Over the last several years, 400 Record has undergone extensive reno... READ MORE >

October 31st is the deadline for building owners to post their Energy Efficiency Rating Label. This is required for all buildings over 25,000 square feet that are listed on the 2020 Covered Buildings ... READ MORE >

Irving, TX - October 27, 2020 For the second consecutive year, 5 has been named to the coveted list of Dallas 100™ companies. The Dallas 100™ competition annually gauges the ascension of privately hel... READ MORE >

On behalf of the team at 5, I am pleased to forward our market letter for the third quarter of 2020. This letter focuses on the upcoming Presidential election, the confirmation of Judge Amy Coney Barr... READ MORE >

Once upon a time, major hurricanes in the Gulf of Mexico had the potential to wreak havoc on natural gas markets and send prices soaring to levels that are 4X what they are today. Late last month, as ... READ MORE >

In many electricity markets, natural gas is often the marginal fuel. This means that gas is the fuel that is used to generate the next additional amount of electricity that is required to ensure that ... READ MORE >

Lately, the bulls have been running in NYC’s electricity market but there has also been a consolidation in forward prices. Figure 1 shows calendar year strips for wholesale electricity in New York Cit... READ MORE >