That’s the question that lurks behind a bill currently winding its way through the Legislature, Loren Steffy writes. If the bill becomes law, companies like CenterPoint could adjust their rates with just a cursory review by the Public Utility Commission as many as four times before they had to submit to a full-scale rate review. More »
Federal prosecutors have requested records including Pacific Gas & Electric Co.’s maps, reports and emergency plans in a broad inquiry into last year’s blast that killed eight people and destroyed dozens of homes. More »
A blowout in the Chukchi Sea lease could result in a spill of more than 58 million gallons of oil into Arctic waters, federal regulators say. That’s about a quarter of the Deepwater Horizon spill, but far more than Shell Oil – the major leaseholder in the area – says it could handle under its response plan. More »
Soaring crude prices and other factors are lifting oil majors’ first-quarter profits, igniting the ire of politicians and activists who accuse the industry of profiteering while Americans pay nearly $4 a gallon for gasoline. More »
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