American Electric Power, looking ahead to more transmission development, reports higher net profit that beat analysts' expectations and more than a 5 percent gain in revenue in the 4th quarter, after divesting its Ohio utility business, The Wall Street Journal reports.
The Federal Energy Regulatory Commission abandoned a lawsuit against the Idaho Public Utilities Commission for alleged violations related to the purchase of wind power, as the two sides agreed to resolve the dispute, Platts reports.
AUGUSTA, Maine (AP) — Roads remained slick and utility crews were busy Tuesday trying to turn the lights back on from the Midwest to the Northeast on one of the busiest travel days of the year after a messy storm rolled across the country.
The Energy Information Administration said U.S. consumers are on track to buy less electricity in 2013 than last year, due in part to greater energy efficiency and rooftop solar panel use, FuelFix reports.
Less than 8 percent of the crude contracted to flow through the proposed Keystone XL pipeline would come from the U.S, according to another document from TransCanada to the State Department, made public Tuesday, E&E reports.
The crude supply at the Cushing hub dropped 8 percent to 32.1 million barrels at the end of last month, the lowest since Nov. 2011, according to the Energy Information Administration, which says the southern leg of the Keystone XL pipeline is draining it, FuelFix reports.
Union leaders joined the American Petroleum Institute in publicly renewing their demand that the Obama administration approve construction of the northern segment of the Keystone XL pipeline, unleashing a blast of anger at the president in the process, The Hill reports.
The Senate Intelligence Committee has just one hurdle left to overcome before reaching agreement on the language of a cyber security bill, regarding liability protection, Sen. Saxby Chambliss, R-Ga., said at a hearing Tuesday, The Hill reports.
Sen. Mary Landrieu, D-La., facing a tough re-election battle this year, stayed away from her party's round-the-clock climate speeches overnight, but got a blast of criticism from the National Republican Senatorial Committee anyway, National Journal reports.
Key bondholder Fidelity Investments may be dragging its heels, but other players involved in trying to get bankruptcy proceedings underway for Energy Future Holdings Corp. are in agreement, and hoping to move quickly on the plans, Bloomberg Businessweek reports.
Industry and even backers of Interior Secretary Sally Jewell are getting frustrated with the slow pace of the rollout of her department's new master leasing plans, intended to balance the interests of companies seeking to mine the mineral wealth of federal land against those of hunters, anglers and wildlife supporters, E&E reports.
Activist investors, already successful at pushing Chesapeake Energy and other companies to cut their debt, are likely to keep up the pressure, and lobby firms to fight climate change as well, according to Moody's Investors Service, FuelFix reports.
The power could run out on the Energizing Indiana program at the end of the year, as the state's Senate has voted to join the house in approving a measure to shut it down, although Gov. Mike Pence hasn't yet decided if he'll go along, the Indianapolis Star reports.