Utilities Gas Utilities


  • LOS ANGELES, Jan 27- A California utility failed to protect residents from the largest methane leak in state history at its natural gas field near Los Angeles, a regional pollution watchdog said in a lawsuit filed against the company. The suit, filed on Tuesday in Los Angeles Superior Court by the South Coast Air Quality Management District, seeks penalties...

  • Jan 22- Long before a natural gas storage well sprung a disastrous leak near Los Angeles, California, utilities and national industry groups were raising alarms about the danger of aging underground storage infrastructure. Jurisdiction over facilities storing gas to be transported across state lines falls to the U.S. Pipeline and Hazardous Materials...

  • NEW YORK, Jan 12- Puerto Rico could face widespread blackouts if its power utility, PREPA, runs out of cash, the company's chief restructuring officer told a congressional panel on Tuesday, arguing that the utility needs access to federal bankruptcy law to help close a deal to restructure its debt. PREPA's Lisa Donahue told the House Committee on Natural...

  • Toshiba sues three ex-CEOs over $1.3B scandal Saturday, 7 Nov 2015 | 3:42 AM ET

    Toshiba said it has sued five former executives over a $1.3 billion accounting scandal, and the company reported a quarterly operating loss.

  • US spent $43 million on Afghanistan gas station Monday, 2 Nov 2015 | 10:00 AM ET
    US spent $43 million on Afghanistan gas station

    Almost $43 million of US taxpayers' money was spent to build one gas station, according to a government watchdog.

  • Smart(er) homes: Nest thermostat gets upgrade Tuesday, 1 Sep 2015 | 1:48 PM ET
    Nest 3rd generation thermostat

    Connected device company Nest Labs will release a 3rd version of the Learning Thermostat. Re/code reports.

  • Crude could hit $30 a barrel: Pro Wednesday, 19 Aug 2015 | 3:29 PM ET
    Crude could hit $30 a barrel: Pro

    James Cordier, OptionSellers.com, provides perspective to his outlook on energy prices.

  • Disruptor 50: No. 3 Bloom Energy Tuesday, 12 May 2015 | 7:00 AM ET
    KR Sridhar, co-founder and CEO of Bloom Energy

    Venture capitalists have invested over $1 billion in this clean-tech darling that uses fuel cells to convert natural gas into electricity.

  • Are fossil fuels about to become extinct? Wednesday, 15 Apr 2015 | 10:22 PM ET
    A worker cleans the panels in a solar power park run by the Costa Rican Electricity Institute (ICE) as the power company has managed to produce all of the electricity for the nation from renewable energy sources for more than 80 days straight on March 26, 2015 in Guanacaste, Costa Rica.

    Solar's big heyday may be just three years away as the unsubsidized cost of panels plus storage will cost less than the grid in some areas, Bernstein said.

  • Is renewable energy ready to disrupt fossil fuels? Tuesday, 17 Mar 2015 | 6:36 PM ET
    Indian workers install solar panels at the Gujarat solar park in Western India's Gujarat state.

    Prices of fossil fuels may be plumbing multi-year lows, but that's not likely to keep them from being displaced by renewable energy, analysts said.

  • Consumer spending is due for a pop Tuesday, 3 Mar 2015 | 2:00 PM ET
    A man at a gas station in Dellwood, Mo.

    The consensus among economists on Wall Street and at the Federal Reserve is that consumer spending will begin to increase in the coming months.

  • Who's buying the oil that makes ISIS millions? Thursday, 23 Oct 2014 | 1:42 PM ET
    Members loyal to the Islamic State in Iraq and the Levant (ISIL) wave ISIL flags as they drive around Raqqa June 29, 2014.

    ISIS makes its fortune by selling oil from seized territory to its enemies, NBC News reports.

  • Cheap gas?! $3 (and under) a gallon in some areas Monday, 6 Oct 2014 | 3:23 PM ET
    A woman pumps gas at the Victory gas station in Pembroke Pines, Florida.

    According to GasBuddy, 10 percent of the nation's gas stations are now selling gasoline at less than $3 a gallon.

  • Wisconsin Energy buys Integrys in $5.7 bln deal Monday, 23 Jun 2014 | 8:50 AM ET

    Wisconsin Energy struck a $5.71 billion deal to buy Integrys Energy, creating a larger, more diverse electric and natural gas company.

  • A company putting the gas station out of business Tuesday, 17 Jun 2014 | 6:00 AM ET
    Pasquale Romano, CEO of ChargePoint

    Imagine a line of cars waiting to use an EV charging station and weeds growing on an abandoned Exxon lot. That's ChargePoint's vision.

  • Exelon deal to create largest mid-Atlantic utility Wednesday, 30 Apr 2014 | 1:22 PM ET

    Nuclear power producer Exelon Corp. said it would buy Pepco Holdings for $6.83 billion to create the biggest mid-Atlantic electric and gas utility.

  • Paying more at the pump? Blame ethanol prices! Monday, 24 Mar 2014 | 8:48 AM ET
    Gas pump prices

    The U.S. average price of gasoline rose by 5 cents during the past two weeks, caused by the jump in the price of ethanol used to make gasoline.

  • Centrica customers quit in droves Thursday, 20 Feb 2014 | 11:20 AM ET
    Centrica customers quit in droves

    Liberum's Peter Atherton says U.K. energy companies could keep tariffs flat come next September, after Centrica reported that 360,000 of its customers quit in the fourth quarter due to price hikes.

  • As winter takes hold, plunging temps test utilities Thursday, 9 Jan 2014 | 6:25 AM ET

    Several utility companies have recently announced increases in their retail electricity rate as they struggle to meet peak periods of demand.

  • Russia to cut Ukraine gas price by one-third Tuesday, 17 Dec 2013 | 10:37 AM ET
    Gas control valves on pipework bringing gas from Russia in Kiev, Ukraine.

    To help avert a financial crisis, Russian President Vladimir Putin announced Russia's gas supply prices to Ukraine will be cut by one-third.