NY state investigating Ambit Energy

Times Union

Complaints from consumers about higher-than-expected electricity and natural gas bills  have prompted New York’s consumer advocate office to launch an investigation, the Times Union reports.

Berkshire Hathaway's first-quarter profit up 10 percent

OMAHA, Neb. (AP) — Warren Buffett's company said Friday its first-quarter profit jumped 10 percent on the strength of its railroad and insurance businesses.

Berkshire Hathaway Inc. earned $5.16 billion, or $3,143 per Class A share, during the first three months of 2015. That's up from $4.71 billion, or $2,862 per Class A share, last year.

Nine Michigan coal plants shutting down

Michigan Radio

DTE Energy and Consumers Energy between them are shutting nine aging coal-fired plants in Michigan, Michigan Radio reports.

Alliant looking to replace coal-fired plants with gas

Milwaukee Journal Sentinel

Alliant Energy’s Wisconsin Power & Light has formally asked state regulators to approve a new gas-fired plant that will cost $750 million, alongside a solar facility intended to generate 2 megawatts, the Milwaukee Journal Sentinel reports.

Delaware to let Md. rule first on Exelon’s Pepco acquisition

The Associated Press

Delaware’s Public Service Commission has agreed to delay its decision on Exelon’s takeover of Pepco Holdings until after its Maryland counterpart rules on the deal May 8, The Associated Press reports.

Puerto Rico: No power authority default for 15 days

The Wall Street Journal

Creditors won’t push the Puerto Rico Electric Power Authority into default for at least 15 more days, under an agreement extending negotiations concerning Prepa’s $9 billion debt, The Wall Street Journal reports.

Creditors not on board with Energy Future restructuring

The Wall Street Journal

A restructuring plan to deal with $42 billion of debt that Energy Future Holdings Corp. filed with bankruptcy court in Delaware still lacks agreement from creditors, The Wall Street Journal reports.

Puerto Rico legislators want quick rescue of power company

SAN JUAN, Puerto Rico (AP) — Legislators on Tuesday demanded quicker action to rescue Puerto Rico's public power company, expressing dissatisfaction over the pace of a multimillion-dollar plan to improve its finances.

Members of the island's Senate Commission of Energy Affairs expressed concern the Electric Energy Authority might fall into receivership if the bondholders' debt is not paid soon.

Kentucky utility settles Fort Knox overbilling case

LOUISVILLE, Ky. (AP) — A Kentucky utility accused of overbilling Fort Knox for energy-saving initiatives has agreed to pay the government $7.6 million to settle the case.

Acting U.S. Attorney John E. Kuhn Jr. announced the agreement Monday with Elizabethtown-based Nolin Rural Electric Cooperative.

Nevada casinos, tech firm seeking to change power provider

Las Vegas Review-Journal

Three Nevada casinos and a computer firm are talking to the state regulator about switching from Nevada Power to another provider, the Las Vegas Review-Journal reports.


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