In the Houston municipal district, more than 235 enterprises produce plastic and rubber products. The city is a leader in the production of polyethylene (38.7 % of the total production in the United States), polyvinyl chloride (35.9 %) and polypropylene (48.4 %).
Houston is one of the world’s leading cities in natural gas, oil, aerospace and biomedical research. The production of electricity by solar and wind power plants is also developed. Navigable canals play a huge role in the city’s economy.
The minimum wage in Houston per hour is $8.13, the city ranks third among the 50 largest cities in the United States. The average house price in 2010 was $ 150.000.
Houston is known as the world capital of the oil and gas industry, as it is home to more than 5,000 energy companies associated with doing business in the region. According to statistics for January 2018, the city has 31 % (38,300 out of 123,400) of jobs in oil and gas production from all locations in the United States. Electric providers in Houston there are the headquarters of the 17 companies included in the Fortune 500, energy-related, and more than 3,600 institutions in the energy sector. Houston is a member of the WGE (world energy cities partnership).
One of the largest companies providing electricity to the city is the company CenterPoint Energy. It supplies electricity not only for Texas but also for Arkansas, Louisiana, Minnesota, Mississippi, and Oklahoma. The company’s services are used by more than 5 million people.
Energy Company Calpine, whose headquarters since 2009, located in Houston, occupies the 39th place in Texas and 338 in the United States in the Fortune 500. The Corporation has a fleet of 92 power plants of different types scattered throughout the United States. One of them, Channel Energy Center, is located in Houston, on the shore of the shipping channel, another, Baytown Energy Center – in the suburbs of BAYTOWN.
The maximum capacity of the Houston electricity plant is 608 megawatts (base – 463 MW), the BAYTOWN power plant in peak mode is capable of producing 800 megawatts (base electric power – 740 MW). There are eight Calpine power plants operating in the Metropolitan area of Greater Houston.