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Utilities News

Sat, Jul 31st, 2021
CEO, Speaker worked closely to pass tainted energy bill

CLEVELAND (AP) — One was a millionaire CEO of a large publicly traded utility looking for 11th-hour help to save two nuclear power plants that hung like millstones around the neck of his company’s...

PG&E could face criminal charges over deadly California fire

Pacific Gas & Electric will face criminal charges because its equipment sparked a wildfire last year that killed four people and destroyed hundreds of homes, a Northern California prosecutor announced...

Why it's so hard and expensive to plug an abandoned well

An estimated 2 million abandoned oil and gas wells across the country, forgotten or ignored by the energy companies that drilled them, are believed to be leaking toxic chemicals. Many of the wells are...

Forgotten oil and gas wells linger, leaking toxic chemicals

CRANE, Texas (AP) — Rusted pipes litter the sandy fields of Ashley Williams Watt’s cattle ranch in windswept West Texas. The corroded skeletons are all that remain of hundreds of abandoned oil wells...

CVX : 101.81 (-0.74%)
Forgotten oil and gas wells linger, leaking toxic chemicals

CRANE, Texas (AP) — Rusted pipes litter the sandy fields of Ashley Williams Watt’s cattle ranch in windswept West Texas. Corroded skeletons are all that remain of hundreds of abandoned oil wells. Unable...

CVX : 101.81 (-0.74%)
Germany: 3 more workers found dead at industrial blast site

BERLIN (AP) — The known death toll from an explosion at a German industrial park grew to five Thursday after authorities said the bodies of three more people were recovered from the chemical manufacturing...

Little hope for 5 missing workers at German blast site

BERLIN (AP) — Officials said Wednesday they have little hope of finding five missing workers alive, a day after an explosion at an industrial park for chemical companies in western Germany that killed...

Study: EU electricity demand rebounds without more emissions

BERLIN (AP) — Electricity demand in the European Union has returned to pre-pandemic levels without a corresponding rise in emissions, according to a report published Wednesday by the energy think tank...

At least 2 killed in German chemical blast; 31 injured

BERLIN (AP) — An explosion at an industrial park for chemical companies in Germany killed at least two people on Tuesday, with 31 others injured and several still missing hours later. Fire officials...

FirstEnergy reevaluates denial of ratepayer funds in bribe

COLUMBUS, Ohio (AP) — Utility giant FirstEnergy Corp. will reevaluate the company's previous denial that it used customer money to fund a $60 million bribery scheme to win legislative approval of a $1...

Plans for largest US solar field north of Vegas scrapped

OVERTON, Nev. (AP) — The push to transition from carbon-emitting fuel sources to renewable energy is hitting a roadblock in Nevada, where solar power developers are abandoning plans to build what would...

FirstEnergy to pay $230M in agreement in Ohio bribery case

CINCINNATI (AP) — The energy giant at the center of a $60 million bribery scheme in Ohio admitted Thursday to using dark money groups to fund the effort, and agreed to pay $230 million and other conditions...

Japan to boost renewable energy to meet emissions target

TOKYO (AP) — Japan aims to drastically increase its renewable energy use and reduce fossil fuel consumption over the next decade as its pushes to meet its ambitious emissions reduction target, according...

PG&E will spend at least $15 billion burying power lines

SAN RAMON, Calif. (AP) — Pacific Gas & Electric plans to bury 10,000 miles (16,000 kilometers) of its power lines in an effort to prevent its fraying grid from sparking wildfires when electrical equipment...

Record-high electricity bills draw criticism to Spain's govt

MADRID (AP) — Spanish consumers are fretting over record-high power prices just as high summer temperatures are keeping air conditioning and cooling systems operating at full capacity.

Daimler: $4.3 billion quarterly profit despite chip shortage

FRANKFURT, Germany (AP) — German auto maker Daimler reaped strong profits in the second quarter as demand for its Mercedes luxury cars continued to rebound from the depths of the pandemic, generating...

Judge OKs distribution for $192M nuclear project settlement

COLUMBIA, S.C. (AP) — Investors who lost fortunes in the failure of a multi billion-dollar nuclear reactor construction deal in South Carolina will soon begin to see their portions of a $192 million...

A year out, $60M bribery scandal felt in business, politics

COLUMBUS, Ohio (AP) — The arrests one year ago Wednesday of then-Ohio House Speaker Larry Householder and four associates in connection with an alleged $60 million bribery scheme have rocked business...

They're not blown away by NJ's offshore wind power plans

OCEAN CITY, N.J. (AP) — New Jersey is moving aggressively to become the leader in the fast-growing offshore wind energy industry on the East Coast, but not everyone is blown away by those ambitious plans....

Climate activists hail Dem budget spending on clean energy

WASHINGTON (AP) — Environmental groups hailed a sweeping $3.5 trillion domestic spending plan announced by Democrats, saying it would make “transformational investments” in clean energy and jobs...

Chart of the Day

Waters Corp (WAT)

The Barchart Chart of the Day belongs to the analytical instruments company Waters Corp (NYSE: WAT ). I sorted Barchart's All Time High list first by the highest number of new highs in the last month, then used the Flipchart function to review the charts for consistent price appreciation. Since...
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