President Barack Obama gestures during a speech on climate change at Georgetown University on Tuesday, June 25, 2013, in Washington. (AP Photo/Evan Vucci)

White House calls for increased grid spending

The cost of weather-related power outages is high and rising as storms grow more severe and the U.S. electric grid gets older, according to an Obama Administration report that calls for increased spending on the nation’s electric power system.
Power line construction workers reconstruct power lines in Tilden, Texas, Thursday, August 9, 2012. The reconstruction is to accommodate demand for power from the oil and gas activity in the area. The 7,200-volt power lines are being replaced by 14,400-volt lines. (Jerry Lara/San Antonio Express-News)

Temporary power companies growing in Eagle Ford

Companies that provide temporary power are in growth mode across South Texas as the region’s infrastructure catches up to the industrial demands of the Eagle Ford Shale drilling boom.
(Steve Hockstein/Bloomberg)

Texas power use hits high for this summer, third-highest ever

Texans used 67,180 megawatts of electricity as temperatures climbed Thursday afternoon. Power demand reached its highest so far this summer and the third-highest ever, the state’s main grid operator reported.
(Image: Fotolia)

Utility executives: Major cyberattack on power grid is inevitable

Power utilities must harness the same manpower, money and other resources to counter the growing threat of cyberattacks that they throw at hurricanes, ice storms and other natural disasters, industry leaders said Tuesday.
(Photo: Gveret Tered))

Commentary: Considering the conundrum in China

The key takeaway is that China is willing to accept a slowdown in the near term, dealing with its growing pains and promoting structural reform rather than trying to stimulate its way out of its current predicament.
A man walks in front of Duke Energy Corporate Headquarters in a Charlotte, N.C.  (AP Photo/Nell Redmond, File)

Duke Energy won’t build Florida nuclear plant

Duke officials confirmed that the company made the decision because of delays by the Nuclear Regulatory Commission in issuing licenses for new nuclear plants, and because of recent legislative changes in Florida.
Photo: Timothy A. Clary/AFP/Getty Images

Deepwater Wind LLC wins auction for first U.S. offshore wind leases

The closely held company, which is backed by the hedge fund D.E. Shaw & Co., plans to put 200 turbines in the water with a capacity of 1,000 megawatts, according to a statement. Construction could begin in 2017, and power production in 2018, the Providence, Rhode Island-based company said.

Entergy Corp. plans job cuts, including in The Woodlands

Entergy Corp. is planning to cut 800 cuts nationwide, including about 60 in The Woodlands.
Tracy Olson/Flickr

FERC: JPMorgan owes $410M for price manipulation

JPMorgan Chase & Co. agreed to pay $410 million in penalties on Tuesday to settle accusations by U.S. energy regulators that it manipulated electricity prices.
handshake  behind a corporative building.Great for any design.

Direct Energy is buying Hess unit for $1.3B

Direct Energy Resources, a North American subsidiary of Centrica that is based in Houston, will buy the marketing business of Hess Corp. for $731 million in cash.