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Electric Utilities

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  • ATLANTIC CITY, N.J.— A dispute over utilities that is keeping Atlantic City's former Revel casino from reopening is getting worse. Bank of New York Mellon is seeking to intervene in a federal lawsuit between ACR Energy Partners and Florida developer Glenn Straub's Polo North Country Club, the casino's new owner. "At present, ACR's viability as a going concern is in...

  • WASHINGTON, June 29- The U.S. Supreme Court on Monday invalidated a key Obama administration environmental regulation aimed at limiting emissions of mercury and other hazardous pollutants mainly from coal-fired power plants. The court sent the case back to the U.S. Court of Appeals for the District of Columbia Circuit, which will then ask the EPA to reconsider...

  • The EPA did factor in costs at a later stage, when it wrote standards that are expected to reduce the toxic emissions by 90 percent. The rules, which took effect in April, will remain in place while the case goes back to a lower court for the EPA to decide how to account for costs, environmental advocates say. Writing for the court, Justice Antonin Scalia said the EPA was...

  • But he said Colstrip for now remains a solid performer that delivers a profit for the Pennsylvania- based company that assumed operations of Colstrip earlier this month, prompting speculation about its intentions for the 360- worker plant. But we still have Colstrip as part of our plan going forward. " The fate of Colstrip carries symbolic weight because of its...

  • SAN JUAN, Puerto Rico— International economists released a critical report on Puerto Rico's economy Monday on the heels of the governor's warning that the island can't pay its $72 billion public debt. Alejandro Garcia Padilla delivered late Sunday was another jolt to the recession-gripped U.S. island, as well as a world financial system already worrying over...

  • Armenia police order protesters to disperse Sunday, 28 Jun 2015 | 9:17 AM ET

    YEREVAN, Armenia— Police in Armenia's capital on Sunday ordered thousands of demonstrators to disperse, moving to end a protest against higher electricity rates that has blocked a main avenue in Yerevan for nearly a week. The unrest is the most serious that the impoverished former Soviet nation has seen in years, posing a challenge to President Serzh Sargsyan...

  • Germany's oldest remaining nuclear plant shuts down Sunday, 28 Jun 2015 | 6:30 AM ET

    BERLIN— Germany's oldest remaining nuclear reactor has been shut down, part of a move initiated four years ago to switch off all its nuclear plants by the end of 2022.. Grafenrheinfeld went into service in 1981. It is the first reactor to close since Germany switched off the oldest eight of its 17 nuclear reactors in 2011, just after Japan's Fukushima nuclear...

  • YEREVAN, Armenia— The president of Armenia on Saturday suspended hikes in household electricity rates in an effort to end the protests that have blocked the capital's main avenue for six straight days. President Serzh Sargsyan said the government would bear the burden of the higher electricity costs until an audit of the Russian-owned power company could be...

  • Wyoming carbon-capture lab planning moves ahead Friday, 26 Jun 2015 | 12:45 PM ET

    CHEYENNE, Wyo.— Officials are studying researcher's requirements as they deliberate where a laboratory to test out carbon-capture technology at a Wyoming coal-fired power plant should be located. Wyoming officials expect to have a better idea of what the project could look like, including its potential cost, by the end of this summer, said Rob Hurless, deputy...

  • WINNIPEG, Manitoba, June 26- Canada has selected a group of engineering and management firms, including SNC-Lavalin Group Inc, to operate a government-owned nuclear laboratory that is one the world's biggest sources of medical isotopes. The selected group also includes Rolls-Royce Civil Nuclear Canada Ltd, CH2M HILL Canada Ltd, Fluor Government...

  • June 25- Texas' largest power company, Energy Future Holdings Corp, has scrapped a bankruptcy exit plan centered on the sale of its multibillion dollar power line stake and instead will pursue a reorganization, the company said in an internal memo on Thursday. The Luminant power generating business and its TXU retail utility would be spun off to the senior...

  • Home solar power company Sunrun files for IPO Thursday, 25 Jun 2015 | 4:55 PM ET

    NEW YORK— Sunrun Inc., a solar power company, filed plans Thursday to launch an initial public offering. It expects the stock to trade on the Nasdaq stock exchange under the symbol "RUN." The company currently operates in 15 states, including New York, California, Nevada, New Jersey and South Carolina.

  • NEW YORK, June 25- Brazil's state-run oil company, Petroleo Brasileiro Petrobras SA, urged a U.S. judge on Thursday to throw out an investors' class action lawsuit over its multibillion-dollar bribery scandal. Speaking at a hearing in federal court in New York, Petrobras lawyer Roger Cooper blamed the fraud on a handful of individuals and said the company could...

  • Proposed solar farm would power about 1,200 homes Thursday, 25 Jun 2015 | 7:40 AM ET

    WINDSOR, Vt.— Green Mountain Power and a solar power firm are proposing to build the utility's largest solar farm, in eastern Vermont. The utility and groSolar want to construct a 4.9- megawatt solar farm on 50 acres of open space just south of the Southeast State Correctional Facility in Windsor. But town officials tell The Valley News they want to know more about...

  • Virginia OKs $2.5M coal ash spill settlement with Duke Thursday, 25 Jun 2015 | 2:50 AM ET

    RICHMOND, Va.— Virginia agreed Thursday to a $2.5 million settlement with Duke Energy for a February 2014 spill of coal ash in North Carolina that floated down the Dan River, depositing tons of the toxic stew into the city of Danville's waterfront and beyond. The State Water Control Board sided unanimously with the Virginia Department of Environmental Quality...

  • LAUNCESTON, Australia, June 25- Is India's Adani Mining preparing to walk away from its A $10 billion coal project in Australia's Queensland state, or upping the ante in trying to speed up approvals for the huge project? Adani surprised industry observers by confirming on Wednesday it had halted engineering work on its Carmichael coal project in the frontier...

  • CURITIBA, Brazil, June 24- Brazilian federal police are investigating foreign companies that may have paid bribes to obtain contracts with state-run oil firm Petrobras but were not part of a suspected cartel of local engineering firms, an agent said on Wednesday. A lead prosecutor in the case, Carlos Fernando dos Santos Lima, told Reuters on Tuesday more than a...

  • STEVENSON, Ala.— Google is converting an old coal-burning power plant in Alabama into a sleek data center running on renewable energy to fuel the additional computing capacity needed to process Internet search requests, show digital video, give directions, deliver email and store photos. The utility's board of directors decided to close the plant earlier this...

  • The settlement filed in U.S. District Court in New Mexico came after years of negotiation among federal officials, the plant owners and environmentalists who sued over permits. The plant's operator, Arizona Public Service Co., said upgrades made to the Four Corners Power Plant in northwestern New Mexico were part of routine maintenance and didn't require...

  • Indiana will defy Obama on climate change plan Wednesday, 24 Jun 2015 | 12:41 PM ET

    INDIANAPOLIS— Indiana will not comply with President Barack Obama's plan to battle climate change by requiring reductions in emissions from coal-fired power plants, Republican Gov. The proposal as currently written, known as the Clean Power Plan, will make Indiana electricity more expensive and less reliable and hurt economic growth in Indiana and across...