Utilities

Md. police: 8 dead in home; generator found without gas

PRINCESS ANNE, Md. (AP) — A man found dead with his seven children in a Maryland home where power was cut due to an outstanding bill had tried to keep the family warm with a generator, a relative said.

Lloyd Edwards told The Associated Press that his stepson, 36-year-old Rodney Todd, had bought the generator after the power was shut off to the home in Princess Anne, about 60 miles southeast of Annapolis on Maryland's Eastern Shore. He said those who died were Todd and Todd's two sons and five daughters.

Exelon-Pepco merger to get final testimony in Delaware

Source: 
The News Journal

The merger between Exelon and Pepco Holdings Inc. is before the Delaware Public Service Commission Tuesday, where regulators are due to hear final testimony on the Delaware portion of it, The News Journal reports.

Bondholders offer $2B boost for Puerto Rico power company

SAN JUAN, Puerto Rico (AP) — A group of U.S. bondholders on Wednesday offered to invest $2 billion in energy production and other measures that it said would help improve the finances and infrastructure of Puerto Rico's power company amid fears it will go bankrupt.

The announcement comes just days after the government of the U.S. territory obtained a two-week extension from creditors as the company prepares for a potential restructuring. The Electric Energy Authority holds nearly $9 billion in debt and owes investors some $400 million by July.

Regulation means power industry won’t imitate changes in telecoms

Source: 
E&E

The changes in the telecoms industry won’t be mirrored in the power sector because of the role regulation plays, industry figures said at a conference in Texas last week, E&E reports.

Eclipse doesn’t dim European power grids

Source: 
Reuters

Grid operators in Europe -- and in Germany, in particular -- said they successfully managed the challenge of keeping the power on despite the eclipse that disrupted the supply of solar energy Friday, Reuters reports.

NH: City of Berlin may buy hydropower plant

Source: 
Union Leader

Now that New Hampshire regulators have agreed to Eversource Energy’s selloff of 12 power plants, the mayor of Berlin says the city may be interested in buying a hydrolelectric facility on the Androscoggin River, the Union Leader reports.

Oil

Factory output falls for third straight month in February

WASHINGTON (AP) — Output at U.S. factories fell for a third straight month in February, driven by a big drop in production at auto plants.

The Federal Reserve said Monday that manufacturing output fell 0.2 percent in February, following a decline of 0.3 percent in January. Overall industrial production edged up a slight 0.1 percent in February, as unusually cold weather in many parts of the country led to a surge at utilities.

Duke Energy to pay $146M to settle lawsuit over CEO ouster

RALEIGH, N.C. (AP) — America's largest electric company said Tuesday that it is settling a lawsuit that claimed shareholders lost millions of dollars when Duke Energy surprised investors by ousting its CEO hours after a long-anticipated buyout of its smaller neighbor.

Charlotte-based Duke Energy said its insurers and shareholders would pay $146 million to end the lawsuit filed after the company completed its July 2012 buyout of Raleigh-based Progress Energy Inc. The company set aside $26 million for the amount not covered by insurance and said consumers would not pay the cost.

GOP lawmaker in Michigan seeks return to regulated utility market

Source: 
The Associated Press

Republican Aric Nesbitt, chairman of the Michigan House Committee on Energy Policy, has proposed ending the state's 15 years of electricity market competition, but his plan was immediately greeted by a chorus of criticism, The Associated Press reports.

Exelon-Pepco offers Maryland customers bigger incentive to support merger

Source: 
The Washington Post

A day after Maryland’s attorney general recommended that regulators reject the proposed merger between Exelon and Pepco Holdings, the companies announced that they’ll more than double the money set aside to benefit utility customers, The Washington Post reports.

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