A rise in wholesale electricity prices ended up getting passed along to consumers last year, according to an analysis from the Energy Information Administration, which said the 3.5 percent increase to an average of 12.5 cents per kilowatt hour was the biggest jump in more than six years, FuelFix reports.
Now that New Hampshire regulators have agreed to Eversource Energy’s selloff of 12 power plants, the mayor of Berlin says the city may be interested in buying a hydrolelectric facility on the Androscoggin River, the Union Leader reports.
JOHANNESBURG (AP) — Driving home through dead traffic lights to a half-cooked dinner is the new normal in South Africa, where rolling power blackouts have become a common drudgery. The government warns that forced outages will continue for years.
South Africa's electricity grids are overloaded, forcing the state-run power supplier to cut electricity to certain areas, it says.
WASHINGTON (AP) — Output at U.S. factories fell for a third straight month in February, driven by a big drop in production at auto plants.
The Federal Reserve said Monday that manufacturing output fell 0.2 percent in February, following a decline of 0.3 percent in January. Overall industrial production edged up a slight 0.1 percent in February, as unusually cold weather in many parts of the country led to a surge at utilities.
SHARM EL-SHEIKH, Egypt (AP) — Corporate leaders offered upbeat assessments Saturday of Egypt's economic prospects and confidence in the government's ongoing efforts to streamline the country for business after four years of unrest, as companies signed billion dollar deals at a conference aimed at spurring investment.
The meeting, a cornerstone of the government's plan to woo desperately needed investors, began a day earlier at the spruced-up Red Sea resort of Sharm el-Sheikh with massive commitments from key Gulf allies United Arab Emirates, Saudi Arabia and Kuwait.
BERLIN (AP) — Will next week's partial solar eclipse turn off the lights in Germany?
Experts say the country's electricity grid, which relies increasingly on renewable energy, faces a crucial test on the morning of March 20, when the moon will pass in front of the sun and block up to 82 percent of its light across Germany.
The Energy Department is examining large power transformers, officials have told E&E, probing their vulnerability and determining whether it’s necessary to stockpile emergency equipment to help the grid recover in the event of an attack.
RALEIGH, N.C. (AP) — America's largest electric company said Tuesday that it is settling a lawsuit that claimed shareholders lost millions of dollars when Duke Energy surprised investors by ousting its CEO hours after a long-anticipated buyout of its smaller neighbor.
Charlotte-based Duke Energy said its insurers and shareholders would pay $146 million to end the lawsuit filed after the company completed its July 2012 buyout of Raleigh-based Progress Energy Inc. The company set aside $26 million for the amount not covered by insurance and said consumers would not pay the cost.
The Interior Department is opposing legislation that would create pathways for natural gas pipelines across federal lands in the eastern United States, saying the move would limit public input on such projects, The Hill reports.
The Environmental Protection Agency is planning to release within days the controversial Waters of the U.S. rule, which is intended to clarify the agency's jurisdiction over bodies of water, The Hill reports. The rule is facing strong opposition from farm groups and Republicans.
Neither South Carolina nor Nevada appears to want nuclear waste stockpiled inside its borders, posing a challenge for Republican presidential candidates who may need to take a position on the issue while competing in those early primary states, National Journal reports.
North Dakota regulators says the clean-up of a Tesoro Corp. pipeline spill that left oil covering more than 7 acres of land in the northwest part of the state will take at least two and a-half more years, The Associated Press reports.
A smaller decline in last week’s rig count and a prediction from Goldman Sachs that U.S. producers would start ramping up production at current price levels was pressuring oil early Tuesday. West Texas Intermediate crude lost 43 cents to $59.29 a barrel in electronic trading on the Nymex, while in London Brent fell 45 cents to $65.07, Reuters reports.
Republicans and Democrats are continuing to battle in Maine over creation of a new state Department of Energy, as well as whether GOP Gov. Paul LePage should be able to appoint the head of the Efficiency Maine Trust, the Sun Journal reports.
Experts are offering fresh assessments that failures by the U.S. Army Corps of Engineers are primarily responsible for the flooding disaster that devastated New Orleans after Hurricane Katrina, The New York Times reports.
Hoping to raise more than $2 billion, China National Nuclear Power Corp. is planning to sell nearly 3.9 billion new shares in an initial public offering, the country’s biggest domestic IPO since 2010, The Wall Street Journal reports.