ATLANTA (AP) — Southern Co. said the firms building its new nuclear power plant in Georgia estimate the project will be delayed 18 months, potentially costing the power company $720 million in new charges, company officials said Thursday.
The latest delay at Plant Vogtle is another setback for a project that was supposed to prove nuclear reactors could be built on time and without the cost overruns that financially strained utilities decades ago. Power companies are already shuttering existing nuclear plants because natural gas is so cheap by comparison.
Though 50 million smart meters have been installed in homes nationwide, U.S. energy consumers aren't moving to change consumption habits, a phenomenon The Washington Post suggests is linked to a lack of real-time access to data related to energy efficiency and financial savings.
A laboratory complex set up by Southern California Edison in 2009 to keep the utility at the forefront of new developments in grid and energy technology gets results that gives the firm’s Advanced Technology Division an impact beyond its $19 million annual budget, Reuters reports.
In a fresh tilt at net metering, Hawaii Electric has applied to the state’s Public Utilities Commission to phase out the existing program of issuing credits to customers with solar panels who supply electricity back to the grid, as the utility claims they are not paying their fair share of grid maintenance, E&E reports.
FRANKFURT, Germany (AP) — Industrial machinery maker Siemens AG says net profit fell 25 percent in its most recent quarter as lower earnings at its key power and gas business weighed on the bottom line.
Net income fell to 1.1 billion ($2.18 billion) in the October-December quarter, the company's fiscal first. That was down from 1.46 billion euros a year earlier. The earnings figure fell short of the 1.22 billion euros expected by analysts surveyed by financial information provider FactSet.
LOS ANGELES (AP) — Power was being restored Sunday to tens of thousands of people who lost electricity in Southern California after fierce Santa Ana winds gusting as much as 89 mph toppled trees and power poles.
The Los Angeles Department of Water and Power said Saturday's outages affected more than 54,000 customers — mostly in the San Fernando Valley area of Los Angeles.
Utilities wouldn’t be able to pass along the costs associated with their natural gas investments to their electricity customers, under a bill introduced in the Florida legislature by Democratic state Rep. Dwight Dudley, Platts reports.
Millions of Pepco customers could end up paying more for electricity under a proposed merger that would combine the company with Exelon, according to a report due out from the Institute for Energy Economics and Financial Analysis, which recommends that the D.C. Public Service Commission reject the application, The Washington Post reports.
Some of the demands Delaware has made over Exelon’s proposed merger with Pepco have drawn criticism from the company president in comments filed ahead of public hearings by the state’s Public Service Commission next month, The News Journal reports.
Although sand and water are the primary substances used in fracking, an Environmental Protection Agency analysis of data from FracFocus.org found that nearly 700 chemical additives appear as well, according to The Hill.
Republicans with a college degree are more likely to say that the threat posed by climate change is exaggerated, while Democrats with higher education are more concerned about the issue, according to a Gallup poll, National Journal reports.
Possible GOP presidential contender Rick Santorum told North Carolina lawmakers Thursday that President Obama’s moves to regulate power plant emissions reflect a “quasi-religious” zeal to close coal-fired plants, The Associated Press reports.
Under pressure from Democrats, Republican and the White House to step down, Rafael Moure-Eraso has resigned as chairman of the U.S. Chemical Safety Board, although the CSB said he would remain a member until mid-April, National Journal reports.
A budget amendment from Sen. John Barrasso, R-Wyo., which some say is a referendum on opposition to the Environmental Protection Agency’s proposed Waters of the U.S. rule, was approved on a 59-40 vote, E&E reports.