BRATISLAVA, Slovakia (AP) — Slovakia's prime minister says his government is terminating the lease of a major state-owned hydro power plant to Italian energy company Enel.
Robert Fico said Thursday that Enel had breached a contract signed in 2006. He has blamed Enel for not providing sufficient information about profits generated by the 720-megawatt Gabcikovo plant located on the Danube river and a lack of a plan for its maintenance.
The House on Monday overwhelmingly approved of a one-year renewal of the expired wind Production Tax Credit and other business tax breaks, despite calls for a longer extension from the wind industry, backed by environmental groups.
The Republican-led House voted 378-46 to send the $44.7 billion extenders bill to the Senate. Democrats there will have to decide whether to insist on the two-year, $85 billion extenders bill passed by the Finance Committee this spring, or simply pass the House bill as time runs short on their lame-duck session.
President Barack Obama made clear Wednesday he could sign either bill.
Projections for sales of Tesla’s Model 3, to start shipping in 2017 with a price tag of $35,000, could be seen as overly optimistic if gasoline prices remain relatively low, The Wall Street Journal reports.
The $44.7 billion House bill to renew expired wind energy and other business tax breaks through 2014 failed to draw opposition from Senate Democrats on Tuesday, as a key Republican predicted lawmakers will ultimately agree to send the plan to President Barack Obama.
Lawmakers on both sides of the Capitol said they wanted a longer term bill to give businesses and individuals more certainty. But they also said the one-year bill was the only viable option after a $400 billion multi-year draft plan discussed by leaders in both chambers was shelved after the White House voiced its opposition last week.
WASHINGTON (AP) — Dramatic U.S. government test results raise new concern that bulk shipments of rechargeable lithium batteries carried as cargo on passenger planes are susceptible to fires or explosions that could destroy the airliners.
Yet U.S. and international officials have been slow to adopt safety restrictions that might affect the powerful industries that depend on the batteries and the airlines that profit from shipping them. The batteries are used in products ranging from cellphones and laptops to hybrid cars.
Most rooftop solar panels on homes are mounted facing south, but although they generate more power that way, west-facing solar panels create electricity at the hours it is needed most, according to an Opower study of data from 110,000 homes in California, The New York Times reports.
The wind energy industry is facing another year of uncertainty about a key tax incentive if Congress goes ahead with a package of business tax break renewals that extends only through 2014.
A multi-year $400 billion proposal -- which would have extended some expired tax breaks, including the wind Production Tax Credit, and made others permanent -- fell victim last week to White House opposition. On Monday, House Republicans unveiled a one-year, $44.7 billion package of renewals for breaks that expired last Dec. 31, including the PTC and other incentives for biofuels and energy efficiency.
Pioneer Natural Resources is the second U.S. firm, after Enterprise Products, to begin exploring how to take advantage of the end of the U.S. oil export ban and could begin shipments by the middle of next year, The Hill reports.
Two competing initiatives designed to give Florida residents a constitutional right to rooftop solar energy are running out of time without enough signatures yet to make next November's ballot, the Naples Daily News reports.
SolarCity CEO Lyndon Rive joined Sen. Charles E. Schumer in Buffalo this week to call the five-year extension of a federal tax subsidy "super important" to the continued growth of the solar power industry, The Buffalo News reports.
Continued concerns about oversupply forced oil prices downward early Wednesday, nearing an 11-year low already reached once this week. London Brent fell 31 cents to $37.05 a barrel while U.S. crude remained unchanged at $37.50, Reuters reports.
A group of researchers at MIT, the University of California-Berkeley, and the University of Colorado have developed a new computer microchip that uses optical technology and creates the potential to make future computer data centers more energy efficient, the journal Science reports.
A Japanese court on Thursday rejected safety concerns and approved letting Kansai Electric Power, the country's second biggest utility, restart four nuclear reactors shuttered since the 2011 Fukushima disaster, Reuters reports.