SAN JUAN, Puerto Rico— The government of Puerto Rico is now facing a second lawsuit in response to a new law that would allow certain public corporations in the U.S. territory to restructure their debt if needed. The Electric Power Authority holds some $9 billion in debt.» Read More
ATLANTA— U.S. nuclear regulators may need to shuffle staff as fewer nuclear plants are built and financial pressures prompt utilities to shutter existing plants, U.S. Nuclear Regulatory Commission Chair Allison Macfarlane said Monday. Three nuclear plants are under construction in Georgia, South Carolina and Tennessee.
MEXICO CITY, July 21- Mexico's national power company CFE said on Monday it will offer $2.8 billion in natural gas and electricity infrastructure project contracts by the end of this year aimed at boosting economic growth.
July 21- New York state environmental regulators are proposing shutting the giant Indian Point nuclear power plant to protect fish in the Hudson River during summer months, when demand for electricity for air-conditioning is greatest.
*Rising output, sluggish demand have created excess of coal. LONDON, July 21- The global market for seaborne thermal coal will be oversupplied by around 10 million tonnes this year, keeping prices below profitable levels for most coal producers well into 2015 or longer and forcing more mines to close.
SAN FRANCISCO— Already locked in its third dry year, an ongoing drought could complicate California's battle against global warming and make it more expensive, officials said. For years, dams have been one of California's main sources of clean energy, generating power without spewing greenhouse gases into the air.
HARRODSBURG, Ky.— Political leaders and researchers say a new project to capture carbon dioxide at a central Kentucky power plant is a crucial step to continue burning coal for electricity in a time of tougher environmental regulations.
SAN JUAN, Puerto Rico— Puerto Rico's government has managed its first balanced budget in more than a decade. "Most people are very much in a watch-and-wait mode," said David Tawil, co-founder and portfolio manager of New York- based Maglan Capital. One looming threat is the condition of the Puerto Rico Electric Power Authority, which is roughly $9 billion in debt.
BUENOS AIRES, July 18- Argentina signed deals on Friday to borrow $7.5 billion from China at a time when the Latin American country cannot tap global capital markets because of disputes over unpaid debt. China is Argentina's second-largest trading partner after neighbor Brazil.
The U.S. Bureau of Ocean Energy Management disclosed its final approval first to The Associated Press ahead of an announcement later Friday. The approval opens the outer continental shelf from Delaware to Florida to exploration by energy companies preparing to apply for drilling leases in 2018, when current congressional limits are set to expire.
BUENOS AIRES, July 18- Argentina on Friday will sign deals to borrow $7.5 billion from China, its Cabinet chief said, at a time when the Latin American country cannot tap global capital markets due to disputes over unpaid debt.
SAN JUAN, Puerto Rico— U.S. investors on Thursday pressed Puerto Rico government officials about the financial health of the island's power company amid fears it might soon seek to restructure millions of dollars in debt.
Terry Branstad's administration surrendered a $1 million grant designed to make Iowa a nationwide leader in solar energy after electric utilities lobbied for major changes, emails show.
WARSAW, Poland— A malfunction at a Polish power plant on Wednesday caused a leakage of fuel, prompting emergency officials to work to make sure it doesn't contaminate the nearby Vistula River. A spokesman for the plant, Piotr Ludwiczak, said about nine tons of the fuel, an oily substance used in combustion called mazut, escaped from the plant.
TOKYO, July 16- A nuclear plant in southern Japan cleared an initial safety hurdle on Wednesday which could make it the first nuclear facility to restart under tough new safety regulations after the industry was idled by the 2011 Fukushima disaster.
TOKYO— A Japanese nuclear plant won preliminary approval for meeting stringent post-Fukushima safety regulations Wednesday, an important step toward restarting the country's first reactors under the tighter rules applied after the 2011 disaster.
Headline data showed China's economy grew 7.5 percent between April and June from a year earlier, slightly above expectations and quickening from the 7.4 percent pace in the first quarter, reinforcing hopes that a recovery is under way after a flurry of government stimulus measures.
TOKYO, July 16- A nuclear plant in southern Japan cleared an initial safety hurdle on Wednesday which could see it become the first nuclear facility to restart after the industry was idled by the 2011 Fukushima disaster.
SYDNEY— Survivors of one of Australia's deadliest wildfires are to be awarded nearly 500 million Australian dollars in a class-action settlement reached Tuesday, the largest such compensation in the nation's history.
RALEIGH, N.C.— A co-author of a Senate bill to clean up coal ash ponds at Duke Energy's North Carolina power plants said Thursday that his chamber would reject the House's competing version of the measure, requiring negotiators to forge a compromise.
"This is an important milestone for solar energy in Iowa," said Rhone Resch, president of the Solar Energy Industries Association in Washington. At issue was whether Eagle Point Solar could enter into an agreement with Dubuque to install solar panels at a city building.