Latest Energy and utilities regulation News

The Latest: Utility files 2nd report on power line failure

Nov. 17, 2018 11:41 PM EST

PARADISE, Calif. (AP) — The Latest on California's wildfires (all times local): 8:30 p.m. Pacific Gas & Electric Company officials have filed a second report with California regulators about a power line failure near the start of a deadly wildfire the morning the fire began. The Mercury News of San...

The Latest: Southern California fire toll at 713 buildings

Nov. 16, 2018 10:14 PM EST

CHICO, Calif. (AP) — The Latest on California's wildfires (all times local): 7:10 p.m. Authorities have increased the number of homes and other buildings burned by a massive Southern California wildfire. The figure rose Friday evening to 713 buildings destroyed — many of them homes — and more...

California utility shares rise as regulator calms investors

Nov. 16, 2018 7:46 PM EST

SACRAMENTO, Calif. (AP) — Shares of Pacific Gas & Electric Co. soared Friday after California's top utility regulator said his agency will help the company deal with potentially crippling liability costs from wildfires. PG&E's stock rebounded 37.5 percent Friday after plunging 60 percent and losing...

Lawyer who battled Chevron may get chance to defend himself

Nov. 16, 2018 7:22 PM EST

A New York attorney who won a landmark oil pollution judgment against Chevron in Ecuador's court system only to have his law license suspended at home for malpractice never got a fair hearing and should be allowed to defend himself against disbarment, a legal referee has ruled. The decision involves Steven...

Markets Right Now: Late buying wave sends US stocks higher

Nov. 16, 2018 4:05 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. A late afternoon wave of buying sent U.S. stocks higher, but the market still ended the week with a loss. Health care and energy companies powered the gains Friday. UnitedHealth Group added 2.3 percent and Chevron...

Health care, energy companies power US stock market higher

Nov. 16, 2018 3:33 PM EST

A late afternoon wave of buying moved U.S. stocks higher Thursday. Even so, the market was on course to finish with a steep weekly loss. Gains in health care and energy companies powered the market higher. It also got a brief boost earlier after President Donald Trump expressed optimism that the U.S. and China...

North Dakota regulators seek to fine TigerSwan up to $2M

Nov. 16, 2018 11:12 AM EST

BISMARCK, N.D. (AP) — North Dakota regulators are seeking up to $2 million in fines from a North Carolina company that handled security for the developer of the heavily protested Dakota Access oil pipeline. The figure is in an Oct. 30 complaint that the Private Investigative and Security Board filed...

The Latest: Firefighter on California blaze struck by car

Nov. 16, 2018 1:23 AM EST

MAGALIA, Calif. (AP) — The Latest on wildfires in California (all times local): 10:20 p.m. An out-of-state firefighter battling a massive Southern California blaze has been struck by a truck. But authorities say his injuries aren't life-threatening. KIRO-TV in Seattle reports that 46-year-old Terry...

Utility asked last month to hike bills over California fires

Nov. 15, 2018 10:09 PM EST

SACRAMENTO, Calif. (AP) — A utility facing severe financial pressure amid speculation its equipment may have sparked a deadly Northern California wildfire asked U.S. energy regulators last month for permission to raise its customers' monthly bills to harden its system against wildfires and deliver a...

Lawyer in stalled coal bailout argues for energy appointment

Nov. 15, 2018 4:03 PM EST

WASHINGTON (AP) — Senate Democrats are questioning whether President Donald Trump's choice for a seat on a national energy board can be objective given his past work on the administration's plan to subsidize aging coal plants. Bernard McNamee, an Energy Department lawyer, appeared Thursday before the...