HAGATNA, Guam (AP) — About 4,500 Guam residents are without water following the wind, rain and waves brought on by Typhoon Dolphin.
The Pacific Daily News reports Guam's water authority is working to restore services by Friday, and the island's power provider expects to bring the 2,000 customers that make up 4 percent of its total users back online by Tuesday night.
Following New Jersey and Virginia, the Maryland Public Service Commission has given conditional approval for Exelon Corp. to take over Pepco Energy Services Inc. in a deal worth $6.8 billion, although Washington D.C. regulators still need to clear it, The Wall Street Journal reports.
Low fossil fuel prices, alongside the recovery of stockpiles at coal-fired plants, should help keep a lid on electricity prices over the summer, according to a new market assessment by the Federal Energy Regulatory Commission, Platts reports.
The resilience and flexibility of the nation's power grid took center stage in Washington Thursday, as officials sought to strengthen the current energy infrastructure and set groundrules for its evolution in the face of advanced technologies.
The Federal Energy Regulatory Commission proposed new standards to better protect the grid from the impact of solar storms, while the Senate Energy and Natural Resources Committee began pondering rules for upgrading the grid to handle distributed generation, battery storage and other new technologies.
Lower natural gas prices mean the fuel is powering more of the country’s electricity, and the Energy Information Administration thinks it will have provided 30.7 percent of generation in April, compared to 31.7 percent for coal, Platts reports.
The Electric Reliability Council of Texas has been over-optimistic in its forecasts of future power reserves, NRG executives told analysts in a conference call last week, adding that in the Northeast prices will likely be heading higher, Platts reports.
Technology improvements that reduce line losses – electricity that’s lost in transmission – could make it easier for states to reach goals set in the Environmental Protection Agency’s Clean Power Plan, E&E reports.
An employee of Los Alamos National Laboratory was reported hospitalized in critical but stable condition Monday night after an accident at an electrical substation nearby that injured several, The New Mexican reports.
Giving states more time to comply with provisions of the rule limiting power plant carbon emissions may help the Environmental Protection Agency deflect some of the legal challenges it’ll face after finalizing the regulation, E&E reports.
Human activity does contribute to climate change, but the Obama administration’s “irresponsible and ineffective” Clean Power Plan won’t help stop it, Republican Presidential candidate Jeb Bush told Bloomberg BNA in an interview.
Three prominent scientists active in the climate field—including Harvard professor Naomi Oreskes—have written an essay saying that industry—major oil companies in particular—is responsible for the lions’ share of greenhouse gas emissions that have contributed to climate change, E&E reports.
California Democrats Sen. Dianne Feinstein and Sen. Barbara Boxer have proposed a bill to provide $1.3 billion over ten years to projects that would help their state cope better with drought, the Los Angeles Times reports.
Support for oil prices, provided by a report of a drawdown in inventories, evaporated Thursday in the face of a rally in the dollar. U.S. benchmark crude lost 27 cents to settle at $48.52 on the Nymex, while in London, Brent slipped 7 cents to $53.31, Reuters reports.
Cashing in on the flood of cheap crude oil, refiner Valero Energy reported $1.4 billion in earnings in the second quarter, more than double what it made a year ago, and chief Joe Gorder was talking about expansion and diversification, FuelFix reports.
Although performing better than analysts expected, ConocoPhillips still reported a loss of $179 million in the second quarter, and announced it will cut capital spending by another $500 million, The Wall Street Journal reports.
Lower oil and gas prices that cut drilling activity were responsible for Pioneer Energy Services’ growing red ink in the second quarter, the contract driller said as it reported a net loss of $77.3 million, FuelFix reports.
Royal Dutch Shell might look to get involved in gas projects in Iran once sanctions are lifted in the wake of the nuclear agreement Tehran reached with global powers, according to Chief Financial Officer Simon Henry, Platts reports.