July 28- Honeywell International Inc has made its largest purchase in more than a decade, agreeing to buy the utility consumption metering business of Britain's Melrose Industries Plc for about $5.1 billion. The move, announced on Tuesday, is the first major deal for Honeywell, the U.S. diversified industrial manufacturer, since it laid out a five-year plan in...» Read More
NEW YORK, May 28- A consortium of York Capital Management, NRG Energy Inc and ITC Holdings Corp have proposed investing as much as $3.5 billion in Puerto Rico's electrical infrastructure, a source familiar with the consortium said on Thursday. The proposed investment would be for a total of $2.5 billion to $3.5 billion and would be subject to due diligence, the...
KUALA LUMPUR, May 18- Tokyo Gas Co Ltd, Japan's biggest gas utility, is looking to invest in more U.S. shale gas production as a hedge to liquefied natural gas imports from the United States to start next year, a company executive said on Monday. The company has inked contracts to buy 1.9 million tonnes per year of LNG from U.S. producers and aims to invest in an equal...
Venture capitalists have invested over $1 billion in this clean-tech darling that uses fuel cells to convert natural gas into electricity.
MOSCOW, April 28- Novatek, Russia's second-biggest gas producer, said on Tuesday it had extended its gas supply contract with Gazprom- owned utility firm Mosenergo to the end of 2019.. Novatek, whose largest shareholders are France's Total and businessman Gennady Timchenko, an ally of President Vladimir Putin, is to sell 9 billion cubic metres of natural gas per...
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.
SAN FRANCISCO, April 9- California's chief utility regulator on Thursday ordered Pacific Gas& Electric Corp to pay a record $1.6 billion in fines and other penalties stemming from its deadly 2010 San Bruno natural gas pipeline rupture and fire near San Francisco. The sum marks the largest penalty ever imposed by the five-member California Public Utilities...
NEW YORK, April 1- General Electric would commit to financing a new natural gas plant in Puerto Rico under a debt restructuring plan proposed by creditors of the island's struggling power utility, according to plan documents obtained by Reuters. Reuters reported on Saturday that an ad hoc group of PREPA creditors, including OppenheimerFunds and Franklin...
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.
The consensus among economists on Wall Street and at the Federal Reserve is that consumer spending will begin to increase in the coming months.
ISIS makes its fortune by selling oil from seized territory to its enemies, NBC News reports.
According to GasBuddy, 10 percent of the nation's gas stations are now selling gasoline at less than $3 a gallon.
Wisconsin Energy struck a $5.71 billion deal to buy Integrys Energy, creating a larger, more diverse electric and natural gas company.
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.
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.
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.
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.
Several utility companies have recently announced increases in their retail electricity rate as they struggle to meet peak periods of demand.
To help avert a financial crisis, Russian President Vladimir Putin announced Russia's gas supply prices to Ukraine will be cut by one-third.
In the latest "despicable scam," fraudsters threaten to shut off your power unless you fork over cash.
If you've noticed your utility bills falling, there's a good reason. Surging natural gas production in the U.S. has had one benefit already: curbing or even cutting power costs.