Growth in electricity demand will outstrip capacity additions in the Texas electricity system in the coming decade, reducing excess capacity and raising the risk of reliability problems as soon as 2013, a new analysis suggests. More »
BP Plc, still facing fallout from the 2010 explosion of its Macondo well in the Gulf of Mexico, is fighting a U.S. bid to revoke its probation over a five-year-old spill in Alaska following a more recent pipeline rupture. More »
When General Motors Co. (GM) announced plans in June 2008 to build the Chevrolet Volt plug-in hybrid, executives called it a “moon shot” intended to rocket past Toyota Motor Corp. (7203) in technology leadership. Now the car is a flash-point for concern. More »
Leaders of China’s solar power industry rejected a U.S. trade complaint that they receive unfair government support and said Tuesday possible sanctions would hurt American consumers and development of clean energy. More »
Crude oil rose a third day in New York, recouping earlier losses as a strengthening euro and advancing equities signaled investors were less concerned that Europe’s debt crisis will derail the global recovery. More »
The developer of Springwoods Village plans to sell at least four sites to hotel developers, adding hundreds of rooms and a small hotel “sub-market” to the master-planned community about 30 miles north of downtown Houston. More »
Enbridge Inc. and Enterprise Products Partners LP haven’t just reversed the way benchmark oil flows in the U.S. They also changed the price relationship in the futures market by creating a temporary glut in the main delivery point for crude contracts. More »
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