Energy

  • 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.

  • February 15, 2008

    State, Federal Regulators To Discuss Smart Grid

    State and federal regulators say they will assemble a collaborative dialogue about the transition to a smart electric grid, FERC announced Thursday.

  • February 15, 2008

    U.S. Lawmakers Eye Russian Energy Project

    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.

  • February 15, 2008

    Judge Returns Entergy Antitrust Case To State Court

    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.

  • February 15, 2008

    Eni, Venezuela Settle Dispute Over Dacion Field

    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.

  • February 15, 2008

    U.S. Urged To Try Harder To Cut Vehicle Emissions

    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.

  • February 15, 2008

    Lawyers In Valdez Case Get Extra Minutes To Argue

    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.

  • February 15, 2008

    U.S. Energy Loosens Grip Over Board

    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.

  • February 14, 2008

    NRC Amends Rules On Worker Reports, Labeling

    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.

  • February 14, 2008

    $350M A Year Sought To Revive Brownfields Program

    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.

  • February 14, 2008

    Asarco Creditors Fire Up Over Push To Scuttle Smelter

    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.