Keeping mobile phones on and devices connected to broadcasts and the Internet around the clock resulted in $80 billion in wasted electricity in 2013, according to the International Energy Agency, FuelFix reports.
ATHENS, Greece (AP) — Greek authorities warned Wednesday of possible power cuts at the heart of the summer tourist season as electric utility workers head for protracted strikes against government plans to break off and sell part of the country's dominant power producer.
Public Power Corporation unions have vowed to launch rolling 48-hour walkouts Thursday. They argue that electricity supply is a vital commodity that should stay under state control.
The conservative-led government insists it will carry out the sale — which was demanded by the recession-plagued country's international creditors. It is threatening to force strikers back to work with a mobilization order.
The Puerto Rico Electric Power Authority, or Prepa, may have trouble this summer paying back $146 million it owes Citibank, but it has more of an option to restructure its debt now that Gov. Alejandro Garcia Padilla has signed a measure into law that will allow it, The New York Times reports.
Driven by Rhode Island rules requiring it to sign contracts for at least 90 megawatts of renewable energy by the end of the year, National Grid is seeking bid submissions of proposals for 10-15 year deals by Aug. 5, Platts reports.
$7.7 trillion will be spent globally on new power plants between now and 2030, according to an analysis by Bloomberg New Energy Finance, which adds that two-thirds of the investment could go to renewable energy, Bloomberg reports.
A proposed $1.9 billion loan that would lock in a restructuring plan for the bankrupt Energy Future Holdings is the target of unhappy creditors arguing against the proposal in a Delaware court Monday, Bloomberg reports.
Even as North Carolina and the giant Duke Energy appear to be moving toward the right, the company’s former chief Jim Rogers is urging backing for the fight against climate change, and warning that the utility needs to embrace changing technology, E&E reports.
Trying to avoid having to spend $1 billion on a new substation, Consolidated Edison is hoping to be able to persuade customers in Brooklyn and Queens to cut back on their electricity usage, Bloomberg reports.
The power substation in San Jose where a sniper attack last year raised concern about the security of the country’s grid has been breached again, according to Pacific Gas and Electric, which said thieves cut through a fence and stole some equipment, The New York Times reports.
A corn ethanol plant at the Port of Indiana-Mount Vernon, which Valero Energy Corp. bought in March, has restarted, FuelFix reports. It is expected to boost the company’s output to 1.3 billion gallons a year, making Valero the country’s third-largest ethanol producer.
Oil looks set to finish out the week higher in the wake of another positive piece of data on the U.S. economy, news of an unexpected rise in consumer confidence. West Texas Intermediate crude for October delivery was up 66 cents to $95.21 a barrel on the Nymex, while in London Brent crude settled 35 cents higher to $102.81, Bloomberg reports.
Fighting in Tripoli may have been escalating, but in the east of Libya, the key oil port of Es Sider is once again getting a flow of crude from oilfields after exports there resumed last week following a one-year hiatus, an official told The Wall Street Journal.
Sen. Mary Landrieu, D-La., listed her parents’ home in New Orleans as her address in filing last week to qualify for the ballot in Louisiana, prompting some critics to question her residency status, The Washington Post reports.
Clean Air Act violations for the release of phosgene, methyl chloride and oleum at a West Virginia facility between 2006 and 2010 will cost DuPont $1.3 million in fines, the Environmental Protection Agency and the Justice Department said in announcing a settlement, The Hill reports.
A project to build a big $25 billion water tunnel system in Northern California poses water quality problems to the Sacramento-San Joaquin River Delta and a possible threat to smelt and salmon, the Environmental Protection Agency said in a letter accompanying comments posted online, the Los Angeles Times reports.