Alliant Energy’s Wisconsin Power & Light has formally asked state regulators to approve a new gas-fired plant that will cost $750 million, alongside a solar facility intended to generate 2 megawatts, the Milwaukee Journal Sentinel reports.
Creditors won’t push the Puerto Rico Electric Power Authority into default for at least 15 more days, under an agreement extending negotiations concerning Prepa’s $9 billion debt, The Wall Street Journal reports.
SAN JUAN, Puerto Rico (AP) — Legislators on Tuesday demanded quicker action to rescue Puerto Rico's public power company, expressing dissatisfaction over the pace of a multimillion-dollar plan to improve its finances.
Members of the island's Senate Commission of Energy Affairs expressed concern the Electric Energy Authority might fall into receivership if the bondholders' debt is not paid soon.
Sen. Tom Udall, D-N.M., announced Friday that the Frank R. Lautenberg Chemical Safety for the 21st Century Act has acquired two more co-sponsors, bringing the total of backers for the measure to reform the Toxic Substances Control Act to a filibuster-proof 60, National Journal reports.
Fourteen senators from both sides of the aisle, many from ethanol-producing states, went to the White House Thursday to tell chief of staff Denis McDonough that the Environmental Protection Agency should make a bold move when it finalizes three years’ worth of blending mandates under the Renewable Fuel Standard next month, The Hill reports.
Control of Miller Energy Resources Inc. will be handed over to an affiliate of Apollo Global Management LLC and J.P. Morgan Chase unit Highbridge, under an agreement in place as the Texas-based Alaska driller filed for Chapter 11 bankruptcy protection, The Wall Street Journal reports.
A sharp drop in the overall U.S. rig count—to levels not seen since 2002—sent oil prices rebounding Friday. West Texas Intermediate Crude for November delivery jumped 80 cents, or 1.8 percent, to settle at $45.54 a barrel on the Nymex, while in London, Brent gained 44 cents to $48.13, Marketwatch reports.
SolarCity says it plans to start producing a panel with an output of 22 percent—which it touts as a 40-percent improvement in efficiency—at its Silicon Valley factory this month, The New York Times reports.
“Storage is the solution” to integrating solar energy into the grid, SunPower Corp. CEO Tom Werner told E&E in an interview, adding that he thought the utility industry and the grid would be transformed within a decade.
The International Energy Agency expects the growth of the renewable energy sector to level off, meaning it will fall short of what’s needed “to meet ambitious climate change mitigation goals,” the agency's renewable chief told The Washington Post.