The Federal Energy Regulatory Commission is proposing rules that would require utilities and the coordinating North American Electric Reliability Corp. to beef up defenses against computer malware and hacking, E&E reports.
The Senate Homeland Security & Governmental Affairs Committee holds a hearing: "Protecting the Electric Grid from the Potential Threats of Solar Storms and Electromagnetic Pulse." Witnesses include Joseph McClelland from the Federal Energy Regulatory Commission.
Hot weather has prompted the California Independent System Operator to issue a Flex Alert for the first time in two years, calling on electricity customers to cut back on their power usage, KRON reports.
Quebec authorities this month arrested a 53-year-old man and charged him in connection with a power outage last December that they say was caused by his dropping objects on transmission lines from a plane, E&E reports.
Eight electric power and energy companies – including Duke Energy, Exelon Corp., and Southern Co. – say they are forming an independent group, Grid Assurance, which will buy and stockpile critical grid components, such as transformers and circuit breakers, to be made available in the event of major failures in the transmission network, E&E reports.
BOGOTA, Colombia (AP) — Colombian officials are blaming rebels for an attack on the country's energy infrastructure that left hundreds of thousands of people without power.
President Juan Manuel Santos said Thursday that the guerrillas of the Revolutionary Armed Forces of Colombia had blown up an energy pylon and blacked out much of the southern region of Caqueta Wednesday night.
The Electric Reliability Council of Texas is asking residents of the Lower Rio Grande Valley to cut their electricity consumption, particularly in the evening hours, or risk rolling blackouts, KGBT-TV reports.
The Western Energy Coordinating Council has agreed to pay a $16 million penalty to FERC for its role in a 2011 power outage that left more than 5 million people in California, Arizona and Mexico without electricity, The Hill reports.
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.