A federal judge in San Francisco is barring utility giant Pacific Gas and Electric from re-issuing dividends in favor of using the funds for reducing the risk of wildfires in the company’s service area. U.S. District Judge William Alsup, in a court hearing Tuesday, also said he will monitor PG&E’s compliance with new wildfire prevention
Read More...Tom ShepstoneNatural Gas NOW … … The foolish idea the Indian Point nuclear station can be replaced by a bunch of solar farms offering expensive intermittent energy is exposed as a fraud. Andrew Cuomo has been aching for the longest time to see the Indian Point nuclear station shut down. He browbeat it into agreeing
Read More...General Electric Renewable Energy held a ceremonial groundbreaking Monday in Rotterdam, The Netherlands for its behemoth 12-megawatt wind turbine. Designed as an offshore wind turbine, the GE Haliade-X 12 will be built onshore to “facilitate access for testing.” Construction of the turbine’s foundations began earlier this year. Its nacelle, blades and tower parts will arrive later this
Read More...Bankrupt California power provider PG&E Corp. won court approval last week for a $5.5 billion loan to help maintain electricity and natural gas delivery and for investments to reduce the risk of wildfires as it reorganizes. The financing will comprise a $3.5 billion revolving credit facility, a $1.5 billion term loan and a $500 million
Read More...While U.S. coal consumption has generally declined since its 2008 peak, the Energy Information Administration projects U.S. coal exports reached 116 million short tons (Mmst) in 2018 — the highest level in five years — based on foreign trade data collected by the U.S. Census Bureau. Exports of coal from the U.S. have increased since 2016, as
Read More...The Trump administration is granting Iraq a renewed 90-day waiver, exempting it from U.S. sanctions on Iran, a State Department official told CNBC Tuesday. The waiver, last issued in December and expired Tuesday, will allow Iraq to continue buying electricity from its neighbor, Kallanish Energy reports. “While this waiver is intended to help Iraq mitigate
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