Electricity

Mass. lawmakers’ energy measure failure delays New England regional plan

Source: 
E&E

A plan agreed by regional governors to change ISO New England’s tariff to help pay for pipelines and transmission lines has been delayed by the failure of the Massachusetts legislature to approve an energy measure pushed by Gov. Deval Patrick, E&E reports.

California utility to pay $12 million over 2011 blackout

Source: 
The San Diego Union-Tribune

In a settlement announced last week by the Federal Energy Regulatory Commission, the Imperial Irrigation District, a customer-owned utility operating in southern California near the Mexican border, agreed to pay $3 million to the U.S. Treasury and $9 million more for improvements to the local grid in the wake of a regional blackout in September 2011, The San Diego Union-Tribune reports.

Prosecutors in NY probing companies that built Venezuelan power plants

Source: 
The Wall Street Journal

The probe is in preliminary stages, but prosecutors in New York are looking into the operations of Venezuelan firm Derwick Associates and an engineering company based in Missouri, ProEnergy Services, over the handling of hundreds of millions of dollars in contracts to build power plants, people familiar with the matter told The Wall Street Journal.

Marijuana’s energy appetite presents challenge for state regulators

Source: 
E&E

State regulators in Washington and Colorado have a tricky dilemma: How to find ways to cut electricity consumption for the energy-hungry marijuana industry without falling afoul of federal drug laws, E&E reports.

Solar sale helps Con Ed to 23 percent hike in 2Q profit

Source: 
The Wall Street Journal

A gain on the sale of solar energy projects helped New York utility Consolidated Edison Inc. to a 23 percent increase in second quarter profit, to $212 million, although it has not yet estimated liability from a March explosion in Manhattan that killed eight, The Wall Street Journal reports.

NRG blames weather for 2Q loss, says it will reorganize

Source: 
FuelFix

A severe winter followed by a mild summer added up to a $97 million loss for NRG Energy in the second quarter, according to CEO David Crane who said the company was “whipsawed by the weather,” and outlined its plans to reorganize into three divisions -- NRG Home, NRG Business and NRG Renew – Fuel Fix reports.

Sempra profit increases despite loss at San Onofre

Source: 
The Wall Street Journal

Revenue growth at its utilities delivered a 9.8 percent increase in profit for Sempra Energy in the second quarter despite a loss from the shuttered San Onofre Nuclear Generating Station, The Wall Street Journal reports, noting that Sempra and its partners expect to start construction at the Cameron LNG export project later this year.

Favorable weather, lower tax rate give 2Q boost to Duke Energy

Source: 
The Wall Street Journal

Utility giant Duke Energy reported an 80 percent increase in earnings in the second quarter to $609 million and increased its earnings guidance for the year by 5 cents, The Wall Street Journal reports.

Bipartisan Policy Center photo

Analysis: Again, attention turns to Honorable

The departure of John Norris from the Federal Energy Regulatory Commission would open the door for President Barack Obama to do what many expected last year -- tap  Colette Honorable to leave Little Rock and come to Washington.

Honorable, the chairman of the Arkansas Public Service Commission and the head of the National Association of Regulatory Utility Commissioners, on Wednesday declined comment on a report attributed to anonymous sources that Norris will step down from FERC and that she is in line for the job.

Norris and the White House were also staying mum, though none issued denials, either.

Few would be surprised by either move.

FirstEnergy profit slips on higher expenses, maintenance

Source: 
The Wall Street Journal

Adjusted earnings for utility FirstEnergy Corp. dropped to 49 cents a share in the second quarter, compared to 59 cents a share in the period a year earlier, on flat revenue but increased expenses, The Wall Street Journal reports.

Pages

Subscribe to Electricity