State utility regulators are departing their annual winter meeting in Washington with increased confidence that the Environmental Protection Agency will provide further flexibility as it imposes new regulations to slash carbon emissions at power plants.
Customers in Delaware would get $49 million in credits on their bills under a compromise hammered out between Delaware regulators, Exelon and Pepco subsidiary Delmarva power regarding the proposed Exelon-Pepco merger, The News Journal reports.
PALO ALTO, Calif. (AP) — President Barack Obama is asking Silicon Valley's tech elite to partner with federal authorities to thwart mounting cyber attacks while promising to make it easier for hacked companies to share information about breaches and protect citizen privacy.
"Grappling with how government protects the American people from adverse events while at the same time making sure that government itself is not abusing its capabilities is hard," Obama said Friday during a visit to Stanford University. "The cyber world is sort of the wild, wild West, and to some degree we're asked to be the sheriff."
Creditors are getting frustrated at the long wait for a plan to move Energy Future Holdings Corp. out of bankruptcy, but the company is hoping to do enough to appease them with a plan to be made public this week about how to handle its debt load of $42 billion, The Wall Street Journal reports.
ISO New England is counting oil burned at dual-fuel power plants as natural gas, which is why utilities in the region have used more winter oil reserves than the grid operator has reported, according to Morningstar Commodity Research, Platts reports.
The Obama administration is no longer threatening to sell off the Tennessee Valley Authority, and the power producer remains fiscally healthy, CFO John Thomas said Tuesday, noting that the TVA plans to cut $500 million from its operating and maintenance costs in its 2016 budget, Platts reports.
Discussion is continuing into what trade group the Edison Electric Institute calls a “death spiral,” shrinking demand for electricity as customers use less of it, which undermines utilities’ ability to pay to maintain the grid and critical infrastructure, The Wall Street Journal reports.
ATLANTA (AP) — Southern Co. said the firms building its new nuclear power plant in Georgia estimate the project will be delayed 18 months, potentially costing the power company $720 million in new charges, company officials said Thursday.
The latest delay at Plant Vogtle is another setback for a project that was supposed to prove nuclear reactors could be built on time and without the cost overruns that financially strained utilities decades ago. Power companies are already shuttering existing nuclear plants because natural gas is so cheap by comparison.
A laboratory complex set up by Southern California Edison in 2009 to keep the utility at the forefront of new developments in grid and energy technology gets results that gives the firm’s Advanced Technology Division an impact beyond its $19 million annual budget, Reuters reports.
The Environmental Protection Agency does have the authority to reject a state’s air pollution plan, according to an appeals court ruling in a case brought by Kansas challenging authorities under the Cross-State Air Pollution rule, The Hill 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.
If a measure approved by the California Assembly last week becomes law, the state could have the toughest restrictions in the country on manufacturers of microbeads, which are used in products like toothpaste and cleansers, The New York Times reports.
Taking advantage of its target’s financial problems in the face of low crude prices, oil driller Crescent Point Energy Corp. is picking up Legacy Oil + Gas Inc. for around 563 million Canadian dollars in an all-stock deal, The Globe and Mail reports.