Faced with increasing drought and power plants that use large quantities of water, a Southern Co. subsidiary has teamed with other utilities and national industry research groups to create the Water Research Center in Georgia, a facility seeking to find ways of improving water management, E&E reports.
The Texas transmission business Oncor may be the unit of bankrupt Energy Future Holdings most interesting to potential buyers, but the company wasn’t saying in court Tuesday how much debt is attached to the division that owns most of it, The Wall Street Journal reports.
A federal appeals court on Friday unanimously upheld the Federal Energy Regulatory Commission's 2011 reform of regional electricity transmission planning and cost allocation rules, which environmental groups hailed as a victory in their campaign to get more renewable generation onto the grid.
Utilities and trade groups, however, criticized the rejection of legal challenges to the commission's Order 1000 by the U.S. Court of Appeals for the District of Columbia Circuit. They opposed the order on grounds that consumers could be forced to pay for transmission lines they don't use, and that state and local control over the grid will be weakened.
Electricity prices in the first half of the year for PJM Interconnection were the highest since 2008, but that was because of very frigid winter weather that’s unlikely to crop up again soon, according to a report from the transmission group’s independent monitor, which noted that congestion costs more than trebled compared to the period a year earlier, Platts reports.
Traders like DC Energy reap in profits from congestion contracts, designed to help power companies offset higher costs in periods of high demand on the grid, but targeted by investment companies primed to cash in on the opportunities, The New York Times reports.
SAN JUAN, Puerto Rico (AP) — Puerto Rico's financially struggling public power company won a big reprieve Thursday, announcing that creditors agreed to postpone payment of $671 million worth of bank loans until next year.
It was the third time this year that creditors allowed the state-owned Electric Power Authority, known as PREPA, to delay payments amid growing speculation that it might default on its roughly $9 billion debt.
The power company owes a Scotiabank consortium $525 million and Citigroup $146 million and now has until March 31 to make those payments. The banks will continue to collect interest on those amounts.
The Federal Energy Regulatory Commission is in a good position to monitor the impact of the Environmental Protection Agency’s proposed carbon rule on the country’s electricity grid and no changes are needed, chair Cheryl LaFleur told E&E in an interview, although she said further along in the process FERC could issue a white paper outlining its role.
Subsidized renewable energy has grown so much in Germany that there’s an electricity glut, which is why RWE – trying to shore up shrinking profits -- says it will shut down three more power plants on top of the 10 already set for closure, and CEO Peter Terium is warning about future threats to the country’s energy security, The Wall Street Journal reports.
If the Puerto Rico Electric Power Authority, known as Prepa, can’t negotiate another extension for payments with lenders like Citigroup, it faces having to restructure a much larger amount of debt, some $9 billion worth, The Wall Street Journal reports.
TransCanada has filed an application running more than 30,000 pages with the country’s National Energy Board, seeking approval of the Energy East pipeline which would carry Alberta oil sands crude east, a process likely to take some 18 months, The Canadian Press reports.
A poll conducted for news organizations in South Dakota found that voters in the state –- which is in the process of renewing an expired permit for it -- overwhelmingly back the Keystone XL pipeline, although the issue does not appear on the November ballot, Gannett’s Argus Leader reports.
A Hart research poll commissioned by three environmental groups finds that 54 percent of voters surveyed in five swing states would be more likely to cast a ballot for a candidate who wants to take action against climate change, and 68 percent back one looking to expand renewable energy, The Hill reports.
Delta Airlines subsidiary Monroe Energy has written to the Surface Transportation Board -- in a letter posted online Wednesday -- complaining that delays to crude-by-rail deliveries are severely disrupting its operations, E&E reports.
Wednesday’s Federal Reserve decision to finish its asset-purchase program pumped up the dollar Thursday, which sent oil prices down. West Texas Intermediate crude for December delivery fell $1.08 to finish trading on the Nymex at $81.12 a barrel, while in London Brent lost 1 percent, or 88 cents to settle at $86.24, Bloomberg reports.
U.S. District Judge Janis L. Sammartino has rejected a request from the Tokyo Electric Power Company to throw out a class action lawsuit filed against it by U.S. Navy sailors exposed to radiation after the Fukushima Dai-ichi nuclear plant disaster, Bloomberg reports.
Net income in the third quarter for midstream operator Enterprise Products Partners was 18 percent higher, at $699 million, compared to the year-ago period, on bigger fees and a larger volume of crude flowing through its pipelines, FuelFix reports.
In a consent decree filed in District Court in Texas, Superior Crude Gathering Inc. has agreed to pay $1.6 million for violations of the Clean Water Act for spilling 2,200 barrels of crude into a wetland four years ago, according to the Environmental Protection Agency, UPI reports.
James Famiglietti, a scientist at NASA’s Jet Propulsion Laboratory, has written a commentary published in the journal Nature Climate Change, backed by new satellite data, which warns that groundwater supplies in the world’s most arid places are continuing to dry up, E&E reports.