Welcome to this week’s edition of The Buzz, a weekly feature where Kallanish Energy editors select the quartet of stories this past week we feel were the most important – have the chance to make the biggest impact on the oil and gas industry — and energy as a whole. This week’s selections include: Venezuela bypasses U.S. sanctions
Read More...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...Embattled PG&E Corp. and its utility Pacific Gas and Electric, on Wednesday announced the appointment of William “Bill” Johnson as president and CEO, Kallanish Energy reports. In addition, the company, currently operating under Chapter 11 bankruptcy protection, named 10 new board members, to be appointed at the company’s next board meeting. The San Francisco-based utility
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...... … … New Jersey’s already high electric bills are about to get higher. As the Governor proposes more renewables and subsidies, ratepayers will foot the bill. People who believe that wind and solar power are lowering their electric bills should look at New Jersey. Garden State electric bills are increasing to cover the costs
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
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