Story perspectives

Texas sees RMX lab debut, drilling blast, Oncor spin-off push

6/4/2026

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Summary

Story summary

RMX Industries opened a development facility with an on-site lab for its edge-intelligence system in Austin, Texas.
A drilling accident in Dallas killed three people, injured five, and a fatal gas-line explosion occurred this week.
Activist investor Voss Capital, holding about 2 million Sempra shares, urged a spin-off of the Texas utility Oncor, estimating equity could reach $78 billion by 2028.
Sempra declined comment on the spin-off proposal when asked by reporters.

History

Historical Context

Texas passed Senate Bill 7 in May 1999, forcing the utility sector into a competitive retail market. TXU Energy became one of the first certified retailers in 2002, and the former TXU Electric Delivery was renamed Oncor after the 2007 private-equity acquisition that created Energy Future Holdings. Today, new projects such as RMX Industries’ Austin lab and Voss Capital’s proposed Oncor spin-off echo the market’s restructuring.

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Story summary

RMX Industries opened a development facility with an on-site lab for its edge-intelligence system in Austin, Texas.
A drilling accident in Dallas killed three people, injured five, and a fatal gas-line explosion occurred this week.
Activist investor Voss Capital, holding about 2 million Sempra shares, urged a spin-off of the Texas utility Oncor, estimating equity could reach $78 billion by 2028.
Sempra declined comment on the spin-off proposal when asked by reporters.

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