China's official Energy News said the State Grid Corporation has started production on a $100 billion ultra-high voltage power line system as the nation looks to boost its energy infrastructure, Reuters reports.
Energy Future Holdings paid out $25.5 million to senior management, including CEO John Young and others in the company’s top echelon, in the year before it filed for bankruptcy protection, according to court filings, FuelFix reports.
The Puerto Rico Electric Power Authority, or Prepa, may have trouble this summer paying back $146 million it owes Citibank, but it has more of an option to restructure its debt now that Gov. Alejandro Garcia Padilla has signed a measure into law that will allow it, The New York Times reports.
Driven by Rhode Island rules requiring it to sign contracts for at least 90 megawatts of renewable energy by the end of the year, National Grid is seeking bid submissions of proposals for 10-15 year deals by Aug. 5, Platts reports.
A proposed $1.9 billion loan that would lock in a restructuring plan for the bankrupt Energy Future Holdings is the target of unhappy creditors arguing against the proposal in a Delaware court Monday, Bloomberg reports.
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.
Riding the back of the oil boom, Halliburton reported a 70 percent increase in earnings in the 3rd quarter, The Wall Street Journal reports, noting that CEO Dave Lesar predicted in a conference call Monday that the recent drop in oil prices would be temporary.
Skepticism about OPEC agreeing to cut oil production pressured prices again Monday. West Texas Intermediate crude for November delivery slipped 4 cents to settle at $82.71 a barrel on the Nymex, but in London December Brent lost 76 cents to end at $85.40, Bloomberg reports.
Proposed new regulations from the Department of Energy, published in Tuesday’s Federal Register seeking public comment, would cover energy conservation standards for some water heaters, while others would target certain fluorescent lamps, The Hill reports.
Despite industry support for the GOP bid to take over control of the Senate, oil and gas companies are still giving substantial donations to the re-election effort of Energy Committee chair Sen. Mary Landrieu, D-La., Reuters reports.
One of the people who helped write the McCain-Feingold legislation on political contributions says Tom Steyer’s NextGen Climate change is an example of how politics has become “privatized,” The New York Times reports.
As the U.S. prepares to take the chair of the Arctic Council for two years, environmentalists have been heartened by recent statements from U.S. Special Representative Robert Papp, who has said that climate change would figure prominently on his agenda, E&E reports.
With 419 megawatts added to U.S. wind power capacity in the 3rd quarter, installations in the first nine months of 2014 – totalling 1,254 megawatts -- have surpassed what came on line in all of the year before, according to the American Wind Energy Association, Bloomberg reports.
Robert W. Fri, who held a number of posts at the Environmental Protection Agency in the 1970s and served as president of the research institute Resources for the Future for a decade starting in the mid 80s, died on Oct. 10 in Maryland, The New York Times reports.