Michael Yackira is leaving NV Energy, Nevada’s main electricity provider, having boosted profits for shareholders as well as making $21 million when he sold the company to Warren Buffet’s MidAmerican Energy Holdings Co., the Las Vegas Sun reports.
Florida Power & Light has applied to the state’s Public Service Commission for permission to invest $68 million in drilling for gas in the Woodford Shale, a move the utility says could save it $107 over the next 30 years, the Palm Beach Post reports.
Energy Future Holdings, which filed for bankruptcy in April, has rejected an offer from NextEra Energy Inc. for its Oncor Electric Delivery unit, apparently hoping to get a $1.9 billion loan agreement for the power operation from a different group of creditors, people familiar with the matter told Bloomberg.
Repsol, a Spanish-based global energy company, has filed an application with the Federal Energy Regulatory Commission that would enable it to trade wholesale power in six regional power pools and also sell services to independent third parties, Platts reports.
Natural gas is the fuel best placed to meet rising electricity demand around the world, Exxon Mobil vice president Bill Colton told a meeting of the Mid-Atlantic Conference of Regulatory Utilities Commissioners Monday, Platts reports.
MILWAUKEE (AP) — Wisconsin Energy Corp. is buying Integrys Energy Group Inc. for about $5.8 billion in cash and stock to form a more diverse Midwest electric and natural gas delivery company.
The combined company will be called WEC Energy Group Inc. and serve more than 4.3 million total gas and electric customers across Wisconsin, Illinois, Michigan and Minnesota.
The transaction will combine Wisconsin Energy's electric and gas utility, We Energies, with Integrys' electric and gas utilities, Wisconsin Public Service, Peoples Gas, North Shore Gas, Minnesota Energy Resources and Michigan Gas Utilities.
JAMESTOWN, Va. (AP) — A power company's plan to build high-rise transmission towers within sight of Jamestown Island has stirred opposition from historic preservationists who say they'll be a visual blight from the swampy shore where America sprouted.
Dominion Virginia Power is awaiting permits from the Army Corps of Engineers to construct 17 towers across 4 miles of the James River. The towers would rise above the river to a height ranging from 160 feet to 295 feet, nearly the same height of the Statue of Liberty.
The transmission line would serve an estimated 80,000 homes in the Tidewater region of the state, which is crowded with military bases, subdivisions and tourist attractions. The utility argues, and state regulators agree, that the power line is needed to ensure the lights stay on.
WASHINGTON (AP) — One of the nation's largest coal companies on Wednesday sued President Barack Obama's administration seeking to block the Environmental Protection Agency's new carbon emissions rules for power plants.
The lawsuit was filed in the U.S. Court of Appeals for the District of Columbia Circuit by Murray Energy Corp. EPA rules announced this month seek to reduce global warming by forcing a 30 percent cut in carbon dioxide emissions from 2005 levels by 2030.
Murray Energy, based in St. Clairsville, Ohio, calls the regulations "illegal, irrational, and destructive" and argues they will destroy millions of jobs.
More research is beginning to appear that suggests ways in which the fight against climate change -- even including the imposition of a carbon tax -- could boost economic growth, The New York Times reports.
The owners of the Ivanpah solar project in the Mojave Desert -- including NRG Energy, Google and BrightSource Energy -- have applied for Treasury Department grants even as they have delayed paying back millions borrowed through Energy Department loans, according to documents tracked by The Wall Street Journal.
Ample crude supplies were continuing to outweigh concerns about tensions in the Middle East Tuesday. U.S. benchmark crude for November delivery gained 69 cents to settle at $91.56 a barrel on the Nymex, while in London Brent crude dropped 12 cents to close at $96.85, Reuters reports.
Buckeye Partners appears to be on schedule to start moving Canadian oil sands crude to its rebuilt terminal in Perth Amboy in the third quarter, FuelFix reports, noting that the rail shipments will need to go through New York state but the exact route is so far unclear.
The spending bill signed by President Obama last week covers additional costs at the beleaguered Waste Isolation Pilot Plant in New Mexico, while other energy measures approved by lawmakers before they left Capitol Hill to concentrate on the November elections include language pushed by Energy Committee chair Sen. Mary Landrieu, D-La., that would strengthen energy ties with Israel, Roll Call reports.
Democrat Michelle Nunn, running for a Senate seat in Georgia against Republican businessman David Perdue, would back sound environmental policies, the League of Conservation Voters said in an endorsement for her candidacy despite her support for the Keystone XL pipeline, The Hill reports.
The Cook Political Report predicts that the 2014 midterm elections may see more ads about energy and environmental issues than ever before, in part because of the money and focus from activist Tom Steyer and in part because energy concerns play a key role in important races, according to Time.
There’s “tremendous potential” in the idea of generating energy from garbage, both in converting waste to ethanol or synthetic gas but also in generating oil products from plastic, an official from the American Chemistry Council told Fox News.
Just over a year since he took over as Siemens CEO, Joe Kaeser is focusing the company more intensively on energy, the latest step being the acquisition of Texas oil equipment maker Dresser-Rand, The Wall Street Journal reports.