03.12.2010 | BY GEORGE LOBSENZ
Electricity prices in the Mid-Atlantic region and New York dropped by nearly 50 percent last year due to sharply lower natural gas costs and reduced consumption—evidence that two of the nation’s biggest deregulated power markets are working as...
03.12.2010
In its first foray into Brazil’s deepwater resources, BP plc Thursday announced it would pay $7 billion to acquire Devon Energy Corp.’s exploration blocks in Brazil’s prolific Campos Basin and other assets in the deepwater Gulf of Mexico and...
03.10.2010 | BY GEORGE LOBSENZ
In sharp contrast to House-passed legislation giving the Commodity Futures Trading Commission new authority over electricity-related derivatives, key senators indicated Tuesday they will back the Federal Energy Regulatory Commission in its effort to get...
03.10.2010 | BY JOHNATHAN RICKMAN
The Senate was poised to approve late Tuesday a one-year extension of a biodiesel tax incentive that the industry says is crucial to maintaining its viability as it faces stiff competition from low-cost petroleum diesel. A proposed extension of the $1 per...
03.08.2010 | BY GEORGE LOBSENZ
In a bullish sign for the ambitious project, the developer of the Taylorville gasified coal power plant in Illinois last week submitted studies to the Illinois Commerce Commission showing that the facility would meet key cost, emissions and electricity rate...
03.08.2010
In an unusual enforcement action, the Federal Energy Regulatory Commission Friday approved a settlement imposing a $350,000 civil penalty on the Florida Reliability Coordinating Council—the regional grid watchdog—for alleged violations of...
03.05.2010
In surprisingly candid remarks to reporters, Energy Secretary Steven Chu said Thursday that the Obama administration was seeking “quite small” credit subsidy payments from Southern Co. to support a federal loan guarantee for its new reactor...
03.04.2010 | BY GEORGE LOBSENZ
Four Democratic senators, saying millions of taxpayer dollars are going to support clean energy manufacturing jobs in other countries, Wednesday called on the Treasury Department to suspend an economic stimulus program for renewable energy projects until they...
03.01.2010 | BY JOHNATHAN RICKMAN
Racheting up the controversy, major shippers on Natural Gas Pipeline Co. of America’s system are challenging the veracity of a financial report filed by the pipeline in response to an investigation launched by the Federal Energy Regulatory Commission...
03.01.2010
El Paso Corp. announced Wednesday an agreement to sell its interest in Mexican natural gas pipeline and infrastructure assets, including its stake in a joint venture with Mexico’s state-owned...
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