EnergyRSS

  • March 31, 2009

    Electric Co-Op Wins Bid To Return Suit To State Court

    A customer-owned electricity generation and transmission cooperative has won an appeal to return to state court a suit it filed accusing public power transmission operators and wholesalers of wrongfully using the co-op's transmission facilities.

  • April 1, 2009

    US To Pay Oil Cos. $85M For WWII Plane Gas Cleanup

    A federal judge has ruled that the U.S. government must reimburse Shell Oil Co., Texaco Inc., Union Oil Co. of California and Atlantic Richfield Co. $84.5 million for the costs of cleaning up World War II aviation gas waste by-products.

  • March 30, 2009

    Bill Aims To Pump Up Tax Credit For Biofuel Upgrades

    A South Dakota congresswoman has proposed offering bigger tax breaks to fuel providers offering ethanol and biodiesel blends and increasing the maximum amount of credit relief they can claim in legislation backed by a wide-ranging coalition of ethanol producers, users and advocates.

  • March 30, 2009

    Obama Picks Policy Gurus For DOE, Commerce Posts

    President Obama has tapped two top policymakers with extensive political and technological savvy to help formulate his administration's telecommunications and renewable energy policies in key positions at the U.S. departments of Energy and Commerce.

  • March 30, 2009

    Crusader Files For Ch. 11 After Defaulting On Debt

    Oil and gas company Crusader Energy Group Inc. filed for bankruptcy protection Monday after declining to make its first payment in a debt workout deal with certain creditors.

  • March 30, 2009

    Dominion Faces $1B Coal Ash Lawsuit

    Hundreds of plaintiffs who claim they now live on a toxic site disguised as a golf course have filed a $1 billion lawsuit against Dominion Virginia Power claiming the utility knowingly used more than 1 million tons of coal ash as fill for a project in the middle of their community.

  • March 30, 2009

    Texas High Court Spares Exxon $18M Jury Award

    In two linked decisions, the Texas Supreme Court gave Exxon Mobil Corp. a big boost against owners and lessees of oil fields it formerly operated, reversing the appeals court’s support for an $18.7 million jury award to the landowners and nullifying Emerald Oil & Gas Co. LC's claims that Exxon is liable for sabotaging the wells.

  • March 30, 2009

    Baard Ditches Bid For DOE Loan Guarantee Program

    Baard Energy LLC has dropped its application with the U.S. Department of Energy's Loan Guarantee Program for its Ohio River Clean Fuels Project, a proposed liquid coal refinery, saying lawsuits filed by environmental groups could delay funding for years.

  • March 30, 2009

    Obama Calls Climate Meeting Ahead Of Dec. Talks

    President Obama has invited 16 world leaders to take part in a conference on climate change next month in preparation for the United Nations' climate change negotiations in Copenhagen this December.

  • March 30, 2009

    DOJ Challenges Anadarko Win In Royalty Relief Case

    Warning of the potential for the U.S. Treasury to be deprived of tens of billions of dollars in revenue, the federal government is challenging an appellate panel’s January ruling in favor of Anadarko Petroleum Corp. in an oil and gas royalty dispute.

  • March 30, 2009

    Cap-And-Trade Bill Would Spare Big Industry

    A Washington congressman has proposed a bill that would dole out emissions allowances to heavy industry under any future cap-and-trade program, in order to prevent companies from relocating to areas with less stringent greenhouse gas regulations.

  • March 27, 2009

    Credit Problems Grow For Cash-Poor Crusader Energy

    Days after warning that it may have to seek bankruptcy protection, oil and gas drilling company Crusader Energy Group has revealed further evidence of its mounting liquidity problems by notifying investors that it has declined to make its first payment in a debt workout deal with certain creditors.

  • March 27, 2009

    Thai Energy Co. Enters $325M Asian Coal Market Deal

    Securing its presence in the Asian coal mining market, Thai energy company PTT PLC has finalized a $325 million deal to buy a 60 percent stake in Straits Bulk & Industrial Pty, a subsidiary of Australian thermal coal miner Straits Resources Ltd.

  • March 27, 2009

    Groups Urge Caution In Raising Ethanol Blend Caps

    A group of businesses, environmentalists, taxpayers and public health activists are urging the Obama administration to oppose increasing caps on the amount of ethanol that can be blended with regular gasoline until scientists confirm the higher levels are safe.

  • March 27, 2009

    JP Morgan, Western Gas Strike Deal In Antitrust MDL

    J.P. Morgan Trust Co. NA has asked the court overseeing multidistrict litigation involving an alleged conspiracy to fix wholesale natural gas prices to dismiss the claims against defendant Western Gas Resources Inc.

  • March 27, 2009

    Delco Liable For $21.5M In Loan Default Case: Judge

    A federal court has found bankrupt motor fuel distributor Delco Oil Inc. and its sole shareholder liable for more than $21 million after defaulting on a line of credit provided by commercial lender Capital Source Finance LLC.

  • March 27, 2009

    Bank Loses Bid To Use MFN Status In Enron Suit

    A judge has denied a motion by National City Bank, an indenture and property trustee in Enron Corp.'s bankruptcy proceedings, to use its most favored nation status in the case to collect over $50 million in claims from a group of Enron debtors.

  • March 27, 2009

    FERC, State Agencies Pose Smart Grid Funding Rules

    The Federal Energy Regulatory Commission and a group of state regulators have proposed guidelines for the U.S. Department of Energy to consider as it funds projects to create a smart grid for the nation's electrical transmission system with money from the 2009 economic stimulus package.

  • March 26, 2009

    Wis. Cos. Accuse CMS Of Plot To Fix Gas Prices

    Several Wisconsin-based businesses have launched a putative class action against CMS Energy Corp., claiming that the company and its subsidiaries engaged in a long-running conspiracy to restrain trade and fix natural gas prices for commercial consumers in violation of the state's Antitrust Act.

  • March 26, 2009

    Bill Aims To Fund Offshore Renewable Energy Efforts

    As plans to explore offshore oil and gas energy resources come closer to reality, a California congresswoman has proposed handing out grants to states to fund the development of alternative, renewable offshore energy resources.