History

Thermal Energy Corporation – TECO – traces our roots to 1969 when Houston Natural Gas Corporation completed construction and began operation of a central steam and chilled-water plant to serve buildings on the Texas Medical Center campus.

In the mid-1970s, TMC institutions formed the Thermal Energy Cooperative, acquiring the gas company’s central plant and distribution system in 1978. Now known as Thermal Energy Corporation, the company was and is the only organization in the Texas Medical Center authorized to supply multi-user thermal services.

 

TECO Timeline

1969 – Houston Natural Gas Corporation completes construction and begins operation of central steam and chilled-water plant to serve buildings on Texas Medical Center campus.

teco in 1969

TECO’s Main Plant is still located at its original site along Brays Bayou. Both TECO and TMC have expanded since this image was taken in 1970.

1975 – Texas Medical Center Central Heating and Cooling Services Cooperative Association (Thermal Energy Cooperative) formed to explore acquisition of steam and chilled-water system from Houston Natural Gas.

1978 – Thermal Energy Cooperative successfully negotiates acquisition of steam and chilled-water system and enters into membership agreements and signed contracts for service to Texas Medical Center customers.

1980 – Major energy-efficiency improvements begin, including conversion to a combination of natural gas, utility electric power and emergency power production.

1991 – Thermal Energy Cooperative adds satellite plant, the South Main Plant, for additional steam and chilled-water capacity.

2001 – TECO adds 20,000 tons of chilled water capacity, completing buildout of the South Main Plant.

2002 – Thermal Energy Cooperative changes its name to Thermal Energy Corporation (TECO).

2003 – Central Plant and South Main Plant distribution systems interconnected for expansion and even greater efficiencies and reliability. TECO shifts from a cooperative to a 501(c)(3) not-for-profit corporation.

2003 – TECO completes construction of floodwall and other major infrastructure upgrades to protect against future flood damage and disaster impact.

2006 – TECO undertakes master planning project to strategize future expansion to parallel growth of Texas Medical Center.

2006 – Master Plan completed.

2007 – Master Plan Implementation Project begins.

2009 – With 8.8 million-gallon chilled-water storage tank construction completed, operation begins.

2010 – 48 MW combined heat and power system completed, begins operation.

2011 – TECO celebrates completion of expansion construction with the grand opening of the East Chiller Building

2011 – TECO refunds $9 million to customers from FY2011 revenue. As a result, chilled-water and steam rates for FY2011 were almost 13% less than in 2010.

2012 – TECO refunds $2.3 million to customers from FY2012 net income. As a result, chilled-water and steam rates for FY2012 were almost 2.9% less compared to 2011.

2013 – TECO refunds $1,052,000 to customers from FY2013 net income. As a result, chilled-water and steam rates for FY2013 were reduced by 1.4% compared to FY2012.

2014 – TECO refunds $5.038 million to customers from FY2014 net income. As a result, chilled-water and steam rates for FY2014 were reduced by 6.5% compared to FY2013.

2014 – TECO's Board of Directors names its facility at 1615 Braeswood Blvd. the Paul G. Bell, Jr. Energy Plant to honor Mr. Bell's 40 years of service and leadership to the organization.

2015 – TECO receives the U.S. Environmental Protection Agency's 2015 ENERGY STAR CHP Award.

2015 – TECO named a participant in the United Nations Environment Program (UNEP) Global District Energy in Cities Initiative.

2015 – TECO refunds $3.166 million to customers from FY2015 net income. As a result, chilled-water and steam rates for FY205 were reduced by 4.1% compared to FY2014.

Annual Reports

To keep stakeholders up-to-date on our service to customers on the Texas Medical Center campus, TECO has published an annual report since 2006. Contact TECO’s Karen Thomas to receive a hard copy of any of these annual reports by mail. Be sure to specify the year(s) requested.


2016 On the Rise


2015 Focused

2014 The Power of Collaborative Energy

2013 annual report

2013 Ready. Reliable. Resilient.

2012 Annual Report

2012 Putting Efficiency to Work

2011 Annual Report

2011 Energy Innovation: A Bridge to the Future

2010 Annual Report

2010 Energized for Growth

2009 Annual Report

2009 Sustained Energy: 40 Years and Moving Forward

2008 Annual Report

2008 Building. Connecting. Serving.

2007 Annual Report

2007 The Energy Behind What’s Next

2006 Annual Report

2006 The Many Faces of Energy

 
 
 
 
XML Sitemap