Setting its sights on catering to the younger generation of Millennials, NRG Home CEO Steve McBee explains to U.S. News & World Report that the company wants to move on from the traditional limited and centralized utility services to offer individuals customized choices.
The update to California’s 10-year energy forecast, approved Wednesday by members of the state’s Energy Commission, lowers demand projections for the three big investor-owned utilities to 193,000 gigawatt hours in 2024, roughly 5,000 less than predicted last year, Platts reports.
Electricity demand and prices were spiking Tuesday in spots on the East Coast due to the cold weather, although PJM Interconnection didn’t expect to approach the record levels of demand -- above 141,000 megawatts -- set a year earlier, Platts reports.
SANTA FE, N.M. (AP) — New Mexico regulators began taking testimony Monday on a plan that calls for shutting down part of an aging coal-fired power plant that provides electricity to more than 2 million people in the Southwest.
The plan would curb haze-causing pollution at the San Juan Generating Station, but some environmentalists argue it doesn't do enough to wean the state's largest utility off fossil fuels.
JERUSALEM (AP) — Israel's securities regulator said last week that authorities have arrested six current and former executives from Israel's electric company on suspicion of accepting $20 million in bribes from German engineering firm Siemens AG.
The Israel Securities Authority alleges Siemens and its Israeli subsidiary bribed the Israel Electric Corp. executives from 2000-2005 to win the Israeli company's tender for a power station turbine project. It said the bribes were part of a worldwide bribery scandal in which Siemens agreed to pay more than $1.3 million in fines.
MONTPELIER, Vt. (AP) — Vermont's only nuclear plant stopped sending power to the New England grid last week following more than 42 years of producing electricity.
The shutdown came just after noon Monday as the Vermont Yankee plant completed its 30th operating cycle when workers inserted control rods into the reactor core and stopped the nuclear reaction process, the plant's owner said.
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.
Oil has started to give back some of its recent gains as fears that the Yemen conflict would affect the supply in the region have receded. U.S. benchmark crude was $1.05 lower to $50.38 a barrel in electronic trading on the Nymex, while in London Brent also fell $1.05 to $58.14, Reuters reports.
Brazil’s troubled state-run oil company has picked development bank chief Luciano Coutinho as chairman, disappointing some who had wanted to see an outsider in the post, The Wall Street Journal reports.