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Gas Utilities

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  • 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.

  • TOKYO, Oct 7- Japan's reboot of nuclear power, expected to begin early next year, is set to punish oil imports the most as utilities slash the use of their highest-cost fuel and shut aging oil-fired plants, a survey of Japan's nine biggest power companies showed. Utilities in Japan are keen to close oil-burning units, not only because crude and fuel oil are their most...

  • 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.

  • NEW YORK, Sept 28- NiSource Inc on Sunday announced its board had approved plans to split into two publicly traded companies, separating its utilities and pipeline businesses, with the new company taking the form of a master limited partnership.

  • MOSCOW, Sept 23- Gazprom Energoholding, the utility unit of Russia's top natural gas producer Gazprom, is planning an initial public offering of its shares in 2016, when foreign capital markets may become more open to Russian firms, its director general said.

  • MIAMI, Sept 1- When Charlie Crist last governed Florida, his green energy and climate policies made him few friends among the state's powerful electricity corporations.

  • LONDON, Aug 19- Britain's dominance in European natural gas trading is under threat from a Dutch trading hub where volumes are soaring, buoyed in part by Europe's utility companies who prefer to hedge their deals in euros. Britain has been the region's leading gas trading hub since North Sea oil and gas discoveries in the 1970 s made it Europe's main producer.

  • Aug 14- Puerto Rico's electric power authority PREPA struck a deal with bondholders on Thursday to develop a restructuring plan to revive the debt-stricken utility as it got an extension of vital lines of credit it uses to buy oil. :Puerto Rico's highway, water and electricity authorities hold about $20 billion in bonds.

  • FRANKFURT/ MILAN/ LONDON, Aug 8- Several Italian utilities and private equity groups are expected to hand in tentative offers worth about 2 billion euros for E.ON' s Italian unit early next week, people familiar with the matter told Reuters.

  • BRASILIA, July 10- Brazil's government is in talks with commercial banks to lend at least 2 billion reais in emergency credit to electricity distributors as drought causes power rates to soar, a source with direct knowledge of the talks told Reuters on Thursday. Brazil's energy regulator on Wednesday extended the deadline for payment to the end of the month.

  • 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.

  • June 2- The U.S. Environmental Protection Agency formally announced a plan on Monday to slash carbon emissions from the power sector by 30 percent below 2005 levels by 2030, a key element of President Barack Obama's plan to tackle global warming. Coal comprises more than 20,000 megawatts of the company's generation capacity. --American Electric Power Co Inc#.

  • 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

    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

    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.

  • Scammers target utility customers Wednesday, 9 Oct 2013 | 6:00 AM ET
    Duke Power recently emailed this fraud alert to residential and business electric customers to warn them of the ongoing scam.

    In the latest "despicable scam," fraudsters threaten to shut off your power unless you fork over cash.

  • Cheaper Power Bills? You May Have NatGas to Thank Saturday, 27 Apr 2013 | 11:53 AM ET

    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.