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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The U.S. Court of Appeals for the District of Columbia Circuit on Thursday lifted a stay on the Environmental Protection Agency’s implementation of its Cross-State Air Pollution Rule, although legal arguments on challenges to some aspects of the regulation are set to take place next March, E&E reports.
Producers for American Crude Exports, or PACE, for short, is made up of more than a dozen independent oil companies who would like to see the decades-old U.S. ban on crude exports overturned, Reuters reports.
The Federal Energy Regulatory Commission staff has cleared the Constitution pipeline on its environmental impact, leaving Commissioners to make the final decision on the project, which is intended to add some 650 million cubic feet of natural gas capacity in New York and New England, FuelFix reports.
If the Federal Energy Regulatory Commission approves changes that PJM Interconnection will suggest to the rules, it’s possible the wholesale electricity market manager might find a way to keep a demand response program going despite legal challenges, E&E reports.
Rising global supply and sluggish demand were continuing to weigh on oil prices. U.S. benchmark crude for December delivery dropped $1.08 to settle at $81.01 a barrel on the Nymex, $1.74 lower than the price a week ago, while Brent finished at $86.13, a loss of 70 cents on the day and 3 cents less than last Friday’s settlement price, Reuters reports.
ConocoPhillips, alongside partners including BP and Exxon Mobil, has announced what it says is the first new drilling in the North Slope’s Kuparuk River Field in nearly a dozen years, a well to come on line in 2016 that will add 8,000 barrels a day of production, Platts reports.
In one of the most hotly contested and expensive House races in the country, Rep. Nick Rahall, D-W.Va., is battling against Republican candidate Evan Jenkins and powerful conservative groups backed by the Koch brothers, The New York Times reports.
Kristin Jacobs – who has turned in a strong performance in her campaign to be elected to the Florida House of Representatives in a flood-prone Miami district – is one of a number of candidates who are successfully pressing climate change as an issue even when polls say it’s not a top voter concern, The New York Times reports.
Opower says pilot programs run in Vermont and Southern California over the summer, which involved contacting customers to ask them to go easier on their air conditioning and then reporting back to them on how much electricity they saved compared to their neighbors, cut usage by nearly 3 percent on a number of hot days, The Washington Post reports.