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IHS: Energy stocks had a ‘wonderful year’ in 2010

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Energy investors had a “wonderful year” in 2010, with 65 percent of oil and gas stocks delivering positive returns, IHS Inc. said Thursday in its IHS Herold 2010 Energy Peer Group Stock Market Performance Report. “Driven by economic growth, crude price…
Categories: General

Wind farm payouts approach $3 million

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Owners of the four largest wind farms in Wisconsin are paying million of dollars to Wisconsin municipalities and landowners who host their…

Categories: General

Evergreen to close plant, cut jobs

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The sun is going down on Evergreen Solar’s Devens plant, the Boston Business Journal reports. The company announced it will shutter the manufacturing facility by the end of the first quarter, affecting 800 jobs. As the journal notes, the closure comes …
Categories: General

Duke Energy deal boosts Progress CEO’s salary

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Progress Energy Chief Executive Bill Johnson will be in for a nice raise if Duke Energy’s proposed $13.7 billion purchase of the company is consummated. Duke has agreed to pay Johnson $1.1 million per year in base salary and up to $1.38 million in sh…
Categories: General

Oil spill companies up after Fed report

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Companies involved in the Deepwater Horizon rig explosion saw shares go up in late trading on Jan. 11 following the release of a federal government panel’s full report on the…

Categories: General

MIT slashes its energy bills

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Massachusetts Institute of Technology says it has saved 30 percent more than it had originally projected in the first year of a three-year, multimillion-dollar energy-efficiency program, the Boston Herald reports. The Cambridge university is working wi…
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Duke’s customers to pay $14.1M for Ike damage

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The Public Utilities Commission of Ohio on Tuesday slashed Duke Energy Ohio’s request for Hurricane Ike wind storm damages to just $14.1 million. The average Duke customer will pay 35 cents per month for the next three years. Duke had originally reques…
Categories: General

Trans Alaska pipeline close to flowing again

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Crews in Alaska are working to bypass a leak in the Trans Alaska Pipeline, which was shut down on Jan. 8 after a leak was discovered. The pipeline is operated by Alyeska Pipeline Service Co., led by BP Plc, ConocoPhillips and Exxon Mobil Corp. It recei…
Categories: General

League City approves drilling moratorium

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League City’s city council approved a drilling moratorium on oil and natural gas drilling permits. However, it also gave tentative approval to a natural gas drilling project near the 900 block of Texas…

Categories: General

Mill owner revs up plant plans

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The owner of a 200-year-old mill in Attleboro is trying to get his plan for a hydroelectric plant back online, the Sun Chronicle reports. Gary Demers has filed for a preliminary permit with the U.S. Federal Energy Regulatory Commission for his Dodgevil…
Categories: General