Energy

  • February 25, 2008

    Paper Says Feds, States Must Act To Reduce GHG

    Both federal and state governments must play a role if the United States is to successfully reduce its carbon footprint, according to a white paper released Monday by the U.S. House of Representatives Committee on Energy and Commerce.

  • February 21, 2008

    Flowserve To Pay $10M In Oil-For-Food Scandal

    Energy services firm Flowserve Corp. agreed Thursday to shell out over $10 million to settle charges that it paid kickbacks to the Iraqi government in exchange for contracts under the scandal-ridden United Nations oil-for-food program.

  • February 21, 2008

    Orion Energy Faces Class Actions Over Down Forecast

    Securities plaintiffs firms are beginning to circle Orion Energy Systems Inc. for allegedly inflating its market price by withholding information from investors.

  • February 21, 2008

    Judge Refuses To Toss Energy Price-Fixing Case

    A group of energy companies at the center of an alleged conspiracy to fix wholesale natural gas prices suffered a blow on Tuesday when a federal judge denied its motion for summary judgment in order to give the plaintiffs the chance to conduct discovery.

  • February 21, 2008

    U.K. Energy Markets Come Under Regulator's Scrutiny

    The British energy regulator kicked off an investigation on Thursday into the U.K.'s gas and electricity industries, digging into allegations that the markets stifle competition and encourage collusion between dominant players.

  • February 21, 2008

    SEC Ponders Changing 30-Year-Old Oil And Gas Rules

    In a move toward greater transparency and modernization, the U.S. Securities and Exchange Commission is considering revisions to the rules for companies reporting oil and gas reserves. The rules have not been changed in nearly three decades.

  • February 21, 2008

    BP Blast Impacts Residents' Health Views: Study

    Residents who live near the site of BP Plc's Texas City, Texas, refinery say their health has declined since the 2005 blast that killed 15 employees and injured more than 170, according to a new study from the University of Texas.

  • February 21, 2008

    Mining Company Still On The Hook For Collapse

    A Pennsylvania state judge has given his blessing to eight miners seeking to press forward with their case against PBS Coals, more than five years after the group became temporarily trapped underground when a mineshaft run by the company flooded.

  • February 20, 2008

    FERC To Assess Impact Of Maine LNG Terminal

    The U.S. Federal Energy Regulatory Commission said on Wednesday that it was preparing an environmental impact statement for a planned liquid natural gas terminal in Maine, promising to move the controversial project closer to regulatory approval.

  • February 20, 2008

    Alaska High Court Rules For Shipping Rate Refunds

    The Alaska Supreme Court has agreed with a determination by the state's regulatory commission that owners of the Trans-Alaska Pipeline should refund part of the shipping rates they charged refiners from 1997 to 2000.

  • February 19, 2008

    Iberdrola Drilled By Antitrust Fine

    As Iberdrola SA attempts to move forward with a takeover bid, the Spanish Competition Commission has hit the energy Goliath with a €15.4 million fine for allegedly abusing its dominant position in the country's electricity marketplace.

  • February 19, 2008

    Blast Victims Lobby To Boost BP’s Fine By Billions

    Victims of the 2005 explosion at BP PLC's Texas City, Texas, refinery are pushing to increase the oil giant’s current $50 million agreement with the U.S. Department of Justice, arguing that the fine should fall in the range of $400 million to $3.2 billion.

  • February 19, 2008

    Massachusetts AG Raises Doubt Over NRC Relicensing

    The Massachusetts attorney general and other state officials are calling on the U.S. Nuclear Regulatory Commission to overhaul the licensing renewal procedure for nuclear power plants. The state officials are concerned about an internal agency report that seems to suggest that the process is not as tight as it should be.

  • February 19, 2008

    Debate On Long-Term Power Pacts Hits High Court

    Lawyers tussled Tuesday in front of the U.S. Supreme Court over how broad the Federal Energy Regulatory Commission's authority to reconsider long-term wholesale power contracts ought to be, and specifically whether the agency needs to re-examine certain contracts assigned at the height of California's 2000-01 energy crisis.

  • February 19, 2008

    FERC Chairman Rules Out Reregulation

    Though consumers may think a return to a regulated industry will bring an end to rising energy costs, regulators remain steadfastly against the idea as they work toward "perfect competition," according to the chairman of the U.S. Federal Energy Regulatory Commission.

  • February 19, 2008

    Kansas Bill To Build Coal-Fired Plants Advances

    The Kansas House of Representatives passed an energy bill Tuesday that would allow Sunflower Electric Power Corp. to build two coal-fired power plants in the southwestern portion of the state.

  • February 20, 2008

    States, Investors Pledge $10B To Energy Efficiency

    A group — made up of almost 50 American and European pension funds, state and local comptrollers, financial firms and foundations that control some $1.75 trillion in total assets — has agreed to funnel close to $10 billion toward enhancing energy efficiency and encouraging green technology.

  • February 20, 2008

    Carbon Tax More Efficient Than Cap-And-Trade: Study

    Instituting a carbon dioxide tax is a more efficient way of controlling carbon dioxide emissions than cap-and-trade approaches, according to a new report from the U.S. Congressional Budget Office.

  • February 20, 2008

    Venezuela Ramps Up Rhetoric In Battle With Exxon

    Venezuela's oil minister, Rafael Ramirez, confirmed Tuesday that the country is making plans to sue Exxon Mobil Corp. over claims of unreported oil production by the company in a move that could redraw the battle lines between the two.

  • February 20, 2008

    Venezuela Reaches $700M Settlement With Eni

    Venezuela has reportedly agreed to pay Italian energy company Eni SpA $700 million to settle a dispute over the country’s nationalization of an Eni oil field in 2006.