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.
Dominion Resources Inc. told the Nuclear Regulatory Commission last week that it had removed all nuclear fuel from the reactor at the shuttered Kewaunee Nuclear Plant, the Green Bay Press-Gazette reports.
The Sierra Club and other environmental groups filed comments against the Dominion Cove liquefied natural gas export terminal and called for a FERC environmental impact statement on the plan, StateImpact Pennsylvania reports.
Finding solar imports from China and Taiwan were being sold too cheaply on the U.S. market, the Commerce Department has imposed a new round of duties, more than doubling for some Chinese products while Taiwanese producers face having to pay an extra 44 percent, Reuters reports.
The proposed Environmental Protection Agency rule limiting carbon emissions from power plants includes an incentive for development of regional systems for carbon trading, and top air regulators from Western states held a closed-door meeting last week to discuss the idea, Bloomberg reports.
A district court has rejected a ban on fracking imposed by the city of Longmont, in a ruling celebrated by the Colorado Oil and Gas Association, but a coalition of environmental groups says it will appeal, E&E reports.
Pemex said it lost more than $4 billion in the second quarter on higher costs and taxes, despite an increase in revenue, Reuters reports, noting that the Mexican state-run oil company anticipates 2014 will see its lowest output in more than 20 years.
Representatives from the Forest Service and the Bureau of Land Management were not invited to a House Natural Resources Subcommittee hearing Thursday where complaints were aired about their “bullying” tactics across the West, most recently in New Mexico, where ranchers charge their water rights are being violated by moves to erect fences to protect the habitat of the meadow jumping mouse, E&E reports.
At the current rate of work, it would take 30 years to repair and replace utilities’ aging natural gas pipelines around the country, but compressing that to 10 years would create more than 300,000 jobs and slash methane emissions, according to a report from the BlueGreen Alliance, FuelFix reports.
The U.S. produced more than 149 million gallons of biomass-based diesel in June, up more than 4 million from May, and the six month level was more than 70 million higher compared to last year, according to Environmental Protection Agency data, although average monthly production was down following the expiration of a tax credit at the end of December, Platts reports.
Ontario-based Algonquin Power & Utilities, following a rejection of its bids for Gas Natural, has written to the board warning that it will present its case to the company’s shareholders, Gannett’s Great Falls Tribune reports.