Category: Electricity

Power grid in sea reaches for new depths

Offshore operators racing to extract more oil from under deep waters have a vision of one day running wells remotely from land, reducing the need for multibillion dollar offshore production platforms.  More »

Utility chiefs worry U.S. rush to gas will crowd out other fuels

The U.S. is at risk of relying too much on natural gas as transportation, manufacturing and electric-power industries vie for the cheap fuel, top executives of three power utilities said.  More »

CEO switch: Duke Energy seeks delay in testimony

Duke Energy Corp. asked state regulators Tuesday for a weekslong postponement of testimony by two top directors about the surprise CEO switch at the top of America’s largest electric company.  More »

Auditor finds no manipulation of electricity market

The independent market monitor for the Public Utility Commission, Dan Jones, said Monday that there was no market manipulation of wholesale electricity prices on June 25 and 26 when power usage and prices soared and demand for electricity set records for the Texas grid.  More »

Deputy energy chief visits Houston, promotes energy policies

Deputy Energy Secretary Daniel Poneman promoted the wind power Production Tax Credit and new federal grants for natural gas vehicles.  More »

Electric rates not falling along with fuel costs

A plunge in the price of natural gas has made it cheaper for utilities to produce electricity. But the savings aren’t translating to lower rates for customers. Instead, U.S. electricity prices are going up.  More »

Inmates in Brazilian jail cycle to freedom

Brazilian inmate Ronaldo da Silva was making an escape of a sort as he hopped on a bicycle and pedaled furiously, clocking up several miles (kilometers) before jumping off.  More »

Coal company files for bankruptcy

In the latest signs of coal’s decline, a Midwestern company files for bankruptcy just as coal is dethroned as the nation’s leading power producer.  More »

Duke to NC regulators: CEO’s term not guaranteed

Duke Energy Corp.’s surprise CEO said Tuesday that America’s largest electric company dumped Progress Energy Inc. CEO Bill Johnson the same evening it was created in a merger because directors of the two merging corporations worried about Johnson’s authoritarian style and being forced to pump billions into a troubled Florida nuclear plant.  More »

Official: Texas electric supply will be tight

The president of the Texas electric grid says the state barely has enough electric supply to meet demand this summer.  More »

Dynegy Inc. makes bankruptcy filing

Long-struggling power producer Dynegy Inc. filed for bankruptcy, joining its subsidiary that filed for Chapter 11 protection last year. The parent company will merge with its Dynegy Holdings unit as part of a plan to reorganize both companies.  More »

Feds settle Western energy corridor lawsuit

Parts of a plan for designating thousands of miles of energy corridors in 11 Western states will be revamped under a settlement reached by federal land managers, more than a dozen environmental groups and one Colorado county.  More »