Dynegy Inc. only came out of bankruptcy protection two years ago, but the company is looking to acquire 11 power plants Duke Energy is selling in the Midwest, and is competing against some private equity firms in the process, The Wall Street Journal reports.
Three third party energy suppliers in New Jersey are being sued by the state’s consumer affairs division and the Board of Public Utilities for fraudulently attracting customers with promises of lower utility bills only to slam them with higher ones, KYW reports.
PRESTONSBURG, Ky. (AP) — President Barack Obama's ambitious plan to reduce the gases blamed for global warming from the nation's power plants gives many coal-dependent states more lenient restrictions and won't necessarily be the primary reason coal-fired power plants will be retired.
If Kentucky, for example, meets the new limits that the Obama administration proposed Monday, it would be allowed to release more heat-trapping carbon dioxide per unit of power in 2030 than plants in 34 states do now.
That's because the Environmental Protection Agency would only require Kentucky, which relies on coal for about 90 percent of its electricity needs, to improve its carbon dioxide emissions rate by 18 percent over the next 15 years. By 2030, Kentucky would be second only to North Dakota for having the most carbon-intensive power plants in the country.
As the old model of the regulated utility industry unravels, players in the new-age power sector will range from tech-savvy startups to tech giants like Google, analysts and venture capitalists tell Bloomberg.
HONOLULU (AP) — Hawaiian Electric Company's CEO Richard Rosenblum says he will retire from the company within a year.
Rosenblum said Tuesday that he came out of retirement in 2008 to lead the company though its clean energy initiatives. He says the company's customers are getting more than 18 percent of their energy through renewable energy, compared with 8 percent in 2008.
Rosenblum says he shared his retirement plans to allow ample time for a smooth transition. He says he is committed to completing the development of plans for the next phase of clean energy transformation.
Judge Christopher Sontchi has sided with Energy Future Holdings Corp. in ruling to keep the company’s Chapter 11 bankruptcy case in Delaware despite requests from some creditors to move it to Texas, The Wall Street Journal reports.
Customers of TXU Energy will see their service continue as normal, the company says, even though more than a million of them received a notice that was linked to the bankruptcy proceedings of the firm’s parent company Energy Future Holdings, the Fort Worth Star-Telegram reports.
A state appeals court has ruled that North Carolina regulators were within their rights to exclude watchdog group NC WARN from a hearing examining whether the group was lied to about what would happen when Duke Energy bought Progress Energy two years ago, the Charlotte Business Journal reports.
Tom Fanning, CEO of Southern Co., the utility with old fashioned vertical integration, talked about his market strategies, the new nuclear reactor his firm is planning to build in Georgia and its Kemper project, which will burn coal with reduced carbon emissions, in an extensive interview with E&E.
The tanker BW Zambesi sailed from Texas Wednesday night headed for South Korea loaded with $40 million in condensate from Enterprise Products Partners, but the Commerce Department move to permit such exports -- now on hold -- caught the White House by surprise, senior adviser John Podesta told The Wall Street Journal.
The latest round of sanctions against Russia over its actions in Ukraine have major energy companies -- including BP and Total -- thinking again about the way they do business with Moscow, The New York Times reports.
The Center for Liquefied Natural Gas, responding to a Department of Energy draft report estimating the impact LNG exports would have on greenhouse gas emissions, warned that taking it into consideration would open the door to legal challenges, National Journal reports.
The southern parts of the Pegasus pipeline, which ruptured causing a major spill in Arkansas in March 2013, restarted on July 9, Exxon Mobil told the Arkansas Democrat-Gazette in an email, The Associated Press reports.
Increasing OPEC production and higher U.S. gasoline stockpiles outweighed international crises to send oil prices lower Thursday. Benchmark crude for September delivery fell 75 cents to $99.52 a barrel in electronic trading on the New York Mercantile Exchange, while in London Brent crude was 40 cents down to $106.11, Reuters reports.
Sen. Joe Manchin, D-W.Va., has re-introduced a measure that would keep the Export-Import Bank going, but without controversial language that would lift restrictions on it financing coal plants overseas, and the bill has now attracted support from Sen. Maria Cantwell, D-Wash., The Hill reports.
With the departure of two more managers -- Bob Perciasepe and Craig Hooks -- from the Environmental Protection Agency, EPA will have eight vacancies among its 14 key political posts, a special problem when it has a full load of challenges, E&E reports.
Departing Environmental Protection Agency Deputy Administrator Bob Perciasepe says he hopes to be able to “build a bridge” with Republicans over the EPA’s rules limiting carbon emissions from power plants and clarifying jurisdiction over bodies of water (WOTUS), but he’s meeting with skepticism, The Hill reports.
Evangelical and conservative Christians were among those speaking out in favor of the Environmental Protection Agency’s rule to limit carbon emissions from power plants during two days of hearings on the regulation this week in Washington, The New York Times reports.
The lack of interested buyers thus far for the electricity output of TransAlta’s coal-fired plant in Centralia, Washington is due to soft prices in the Pacific Northwest and not moves by the Environmental Protection Agency to regulate carbon emissions, company chief Dawn Farrell told Platts.