BERLIN (AP) — The chief executive of German utility E.ON says it has enough money set aside to cover the cost of shutting down its nuclear plants, even after the company splits in two next year.
Johannes Teyssen's responded Tuesday to concerns in Germany that the yet unnamed new company, which will also hold E.ON's conventional assets, could be used as a 'bad bank' to free E.ON from its nuclear legacy.
Republicans in the House will start taking a closer look at the U.S. ban on crude oil exports in the remaining days of the current Congress, while Senate Democrats are to try again to move the nomination of Jeffery Baran to a nearly four-year term on the Nuclear Regulatory Commission.
Baran, whose term as a commissioner is to expire next summer, was nominated last month to fill out the term of departing commission chair Allison Macfarlane that ends in mid-2018. He is to get a vote on Tuesday in the Senate Environment and Public Works Committee, according to a notice published on the committee web site.
Uranium prices are on track for an 18 percent increase in 2014, which would be the first annual gain for the energy commodity in four years and make it the best performing category in the sector, Bloomberg reports.
VIENNA (AP) — Renewed failure by Iran and the U.S. to reach a nuclear agreement by a Monday deadline reflects the difficulties each side has with crossing red lines they brought with them to the negotiating table.
With the two sides so far apart when they started the latest round of talks in February, sizable differences remain as talks were extended for another seven months. Here's a look at where things stand:
VIENNA (AP) — A yearlong effort to seal a nuclear deal with Iran fizzled Monday, leaving the U.S. and its allies little choice but to declare a seven-month extension in hopes that a new deadline will be enough to achieve what a decade of negotiations have failed to do — limit Tehran's ability to make a nuclear weapon.
U.S. Secretary of State John Kerry and other Western foreign ministers converging on Vienna in a last-ditch diplomatic push talked up the add-on time as the best way forward. "We would be fools to walk away," Kerry declared.
Energy Department Inspector General Gregory Friedman, who determined last month that he couldn’t reach a conclusion regarding the firing of Hanford whistleblower Donna Busche, wrote to Energy Secretary Ernest Moniz in April complaining that contractors involved were not cooperating in getting him interviews he’d requested with employees, according to a memo obtained by E&E through the Freedom of Information Act.
Secretary of State John Kerry has arrived in Vienna to join talks with Iran over its nuclear program, saying at his previous stop in Paris that there would be no extension past Monday’s deadline, The Guardian reports.
LOS ANGELES (AP) — Consumers will pay about $3.3 billion and shareholders will pay about $1.4 billion under a settlement approved Thursday on costs stemming from the premature closure of the San Onofre nuclear power plant. The vote by the California Public Utilities Commission was 5-0.
SPOKANE, Wash. (AP) — Washington plans to sue the U.S. Department of Energy and its contractor to protect workers from hazardous vapors at the Hanford Nuclear Reservation, the nation's most polluted nuclear site, state Attorney General Bob Ferguson said Wednesday.
A report last month found the Energy Department does not have an adequate system to detect whether harmful vapors are sickening workers.
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.