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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
State and federal regulators say they will assemble a collaborative dialogue about the transition to a smart electric grid, FERC announced Thursday.
Two Democratic lawmakers have asked U.S. Secretary of State Condoleezza Rice to deny the U.S. Export-Import Bank’s support for a controversial energy project controlled by the Russian government, saying it is in the national interest to do so.
A federal judge has given New Orleans residents the green light to press on with their long-running antitrust case against Entergy and its subsidiaries in state court, saying Louisiana's judges were the “best suited” to take on the case.
Italian energy company Eni SpA has reached a settlement in its dispute with Venezuela over the Dacion oil field, which the South American country seized control of in 2006.
The U.S. government should speed up its plans to increase vehicle fuel efficiency and needs to act on reducing greenhouse gas emissions, the International Energy Agency said on Friday.
Attorneys in the high-profile Supreme Court case over a $2.5 billion punitive damages award for the Exxon Valdez spill will each get an extra 15 minutes to argue their points.
Attempting to get its reorganization process back on track, bankrupt U.S. Energy Systems has agreed to shake up its board of directors in hopes of not getting bogged down in too much peripheral litigation over its leadership team.
The Nuclear Regulatory Commission has amended its regulations to reduce the number of radiation monitoring reports to nuclear power plant workers and to exempt certain containers in these facilities from labeling requirements.
Lawmakers in the U.S. House of Representatives have introduced a bill that would channel $350 million to revive the Environmental Protection Agency's Brownfields program to clean and rebuild abandoned industrial sites.
With plans to reopen a controversial copper plant in El Paso, Texas, hanging in the balance, major creditors of bankrupt Asarco LLC want a court to quash moves by the city to lift the automatic stay shielding it from litigation.