Dominion Resources says it will install 2,500 solar panels at a Capital One Financial Corp. project in Virginia with the eventual capacity of 500 kilowatts, as well as purchasing two solar energy projects from EDF Renewable Energy in California totalling 42 megawatts, the Richmond Times-Dispatch reports.
Natural gas pipelines and terminals are big capital investment projects that are a natural fit for utilities, and the announcement from Duke Energy and Dominion Resources this week that they were joining the project to build the Atlantic Coast Pipeline could be the start of a trend, E&E reports.
NEW YORK (AP) — Dominion Resources, Duke Energy and other partners are proposing a $5 billion natural gas pipeline to connect the Southeast with the prodigious supplies of natural gas being produced in Pennsylvania, Ohio and West Virginia.
Gas is being relied upon to generate more of the nation's electricity in recent years because enormous new domestic supplies have drastically lowered its price and because natural gas burns cleaner than the nation's other most important fuel for electric power, coal.
A county ordinance exempting Dominion Resources’ proposed Cove Point LNG export terminal from zoning laws violates the Maryland’s constitution, according to a ruling from Judge James Salmon, The Associated Press reports.
WASHINGTON (AP) — Federal regulators concluded Thursday that Dominion Energy's proposal to export liquefied natural gas from its Cove Point terminal on the Chesapeake Bay in Maryland would pose "no significant impact" on the environment — a positive step for the company.
The environmental assessment by the Federal Energy Regulatory Commission staff is a recommendation to the commission, which will decide whether the $3.8 billion project can go forward. Other permits are also required.
"The adverse cumulative impacts that could occur in conjunction with the project would be temporary and minor," the FERC staff said.
RICHMOND, Va. (AP) — Dominion Resources Inc. said Wednesday that its first-quarter profit fell more than 23 percent on costs related to the repositioning of its producer-services business despite higher electricity sales.
The Richmond, Va., energy provider posted earnings of $379 million, or 65 cents per share, for the period ended March 31. That's down from $495 million, or 86 cents per share, a year ago.
Market analysts suggest Dominion Resources' decision last week to withdraw from the retail electricity business may signal a trend where larger companies yield to financial pressures and exit competitive electricity markets, E&E reports.
In a notice filed in the Federal Register Friday, the Environmental Protection Agency said it won’t decide until February whether to block work on Alaska’s Pebble Mine, giving itself more time to review the extensive public comments it has received, The Hill reports.
Environment and Public Works Committee chair Sen. Barbara Boxer, D-Calif., has weighed in on the negotiations over new chemical safety legislation, raising GOP hackles by making public a draft being worked on by ranking Republican Sen. David Vitter of Louisiana along with her critique of it and her own proposal, E&E reports.
Rob Merrifield, the man who’ll be Alberta's next envoy in Washington, told The Globe and Mail in an interview that an oil train disaster similar to the destructive derailment in Lac-Megantic would finally force U.S. officials into approving the Keystone XL pipeline.
Shares in TransCanada, the company behind Keystone XL, have increased 70 percent in the six years the project has been stalled – that’s one of the points Bloomberg Businessweek notes as it looks back over the history of the proposed pipeline.
Ahead of the summit next week in New York, more than 1,400 organizations have been planning for a People’s Climate March Sunday that will be the largest protest on the issue in history, to include the famous and the powerful like U.N. Secretary General Ban Ki-moon, Rolling Stone reports.
Preliminary reports blamed the radiation leak at the Waste Isolation Pilot Plant in New Mexico on a single ruptured barrel that came from Los Alamos National Laboratory, but Joe Franco, who manages the Department of Energy’s field office in Carlsbad, told a public meeting that there may have been a problem with plutonium contamination from a second container, Reuters reports.
Rising inventories and a dollar gaining on the expectations of an interest rate hike pressured oil prices Friday. West Texas Intermediate crude for October delivery fell 66 cents to $92.41 on the Nymex but ended the week slightly higher, while in London November Brent settled up 69 cents to $98.39, an increase of 1.3 percent on the week, Bloomberg reports.
German giant Siemens AG is likely to edge out rival bidder Sulzer of Switzerland to take over Texas oil equipment-maker Dresser-Rand, as it’s preparing a cash offer topping $6 billion, people familiar with the situation told The Wall Street Journal.
Ethanol assessments were at their lowest point in more than four years Thursday after an Energy Information Administration report indicating supplies hit an 18-month high of 18.8 million barrels the week ending Sept. 12, Platts reports.
The Scottish “no” vote on independence – which was welcomed by Royal Dutch Shell's CEO – lifts the burden of uncertainty from oil companies, leaving them clear to focus on how to get more out of declining North Sea oilfields, Platts reports.