http://www.theenergydaily.com Energy Portal en-us 2010 Tue, 16 Mar 2010 12:21:25 EDT Consol Energy Inc., a leading U.S. coal producer that has increasingly developed a taste for natural gas, Monday sharply raised its bet on the cleaner-burning fuel with a $3.48 billion deal to buy Dominion’s oil and gas production business in... http://www.theenergydaily.com/hottopics/financial/4077.html Tue, 16 Mar 2010 0:00:00 EDT Emera Inc., a Canadian energy company, expanded its position in Maine last week by announcing the purchase of Maine & Maritimes Corp., which serves 36,000 customers in the northern part of the state. Emera said Friday it is purchasing all outstanding... http://www.theenergydaily.com/hottopics/financial/4075.html Mon, 15 Mar 2010 0:00:00 EDT In a move likely to compound problems currently confronting oil refiners, credit rating firm Standard & Poors Tuesday placed four oil refining companies’ with speculative-grade ratings on “creditwatch” with negative implications, saying... http://www.theenergydaily.com/hottopics/financial/4076.html Mon, 15 Mar 2010 0:00:00 EDT 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... http://www.theenergydaily.com/hottopics/financial/4063.html Fri, 12 Mar 2010 0:00:00 EST 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... http://www.theenergydaily.com/hottopics/financial/4068.html Fri, 12 Mar 2010 0:00:00 EST 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... http://www.theenergydaily.com/hottopics/financial/4046.html Wed, 10 Mar 2010 0:00:00 EST 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... http://www.theenergydaily.com/hottopics/financial/4047.html Wed, 10 Mar 2010 0:00:00 EST 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... http://www.theenergydaily.com/hottopics/financial/4030.html Mon, 8 Mar 2010 0:00:00 EST 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... http://www.theenergydaily.com/hottopics/financial/4032.html Mon, 8 Mar 2010 0:00:00 EST 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... http://www.theenergydaily.com/hottopics/financial/4027.html Fri, 5 Mar 2010 0:00:00 EST