Even as North Carolina and the giant Duke Energy appear to be moving toward the right, the company’s former chief Jim Rogers is urging backing for the fight against climate change, and warning that the utility needs to embrace changing technology, E&E reports.
Trying to avoid having to spend $1 billion on a new substation, Consolidated Edison is hoping to be able to persuade customers in Brooklyn and Queens to cut back on their electricity usage, Bloomberg reports.
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.
Following six months of negotiations with its suppliers, Baker Hughes says starting Wednesday it will list all of the individual chemicals it uses for fracking on the industry website FracFocus, although it won’t provide information about the proportions used in its cocktails, FuelFix reports.
Enbridge Inc. anticipates it will receive approval from the State Department in mid-2015 to push capacity on its cross-border Alberta Clipper pipeline up to 800,000 barrels a day, a top executive told investors in Toronto Tuesday, The Wall Street Journal reports.
Pipeline operator Enterprise Products Partners says it’s acquiring Oiltanking Partners in a two-step, $5.8 billion dollar deal that will strengthen its midstream business, The Wall Street Journal reports, noting that the move will leave Enterprise well positioned if the U.S. shifts its ban on crude exports.
An unexpected report of lower crude stockpiles last week pushed oil up Wednesday, while an announcement from Saudi Arabia of a drop in its official price fuelled bearish sentiment. U.S. benchmark crude gained 43 cents to settle at $90.73 a barrel on the Nymex, while in London Brent crude finished down 51 cents to $94.16, Reuters reports.
A judge’s decision that Broomfield’s fracking ban doesn’t apply to Sovereign Operating Co. because of an earlier memorandum of understanding between the company and the community is a “victory for certainty and clarity,” the Colorado Oil & Gas Association said, according to the Denver Business Journal.
Virginia will appoint an energy efficiency officer to cut power consumption in state facilities by 15 percent over the next two years, according to Gov. Terry McAuliffe’s extensive four year plan released Wednesday, the Daily Press reports.
Mike Bloomquist, the lead counsel for the GOP majority on the House Energy and Commerce Committee, is leaving to work for lobbying firm Kountoupes Denham, with panel chair Rep. Fred Upton, R-Mich., thanking him for his contributions, The Hill reports.
“The Polar Vortex Review,” a report from the North American Electric Reliability Corp., found that last winter’s extreme cold triggered multiple equipment failures at generating stations, at one point forcing the shutdown of more than 17,700 megawatts of capacity, according to E&E.
An archive search has turned up details of Mitch McConnell’s fight against siting a coal processing facility on the Louisville riverfront back when the Republican Senator was Jefferson County Judge-Executive in the mid 1980s, The Hazard-Herald reports.