Latest Utilities News

To save the climate, the oil and gas sector must slash planet-warming operations, report says

Nov. 23, 2023 08:27 AM EST

The oil and gas sector, one of the major emitters of planet-warming gases, will need a rapid and substantial overhaul for the world to avoid even worse extreme weather events fueled by human-caused climate change, according to a report released Thursday. The current investment of...

Editorial Roundup: Illinois

Nov. 21, 2023 07:17 AM EST

Arlington Heights Daily Herald. November 19, 2023. Editorial: Bill lifting moratorium puts nuclear power in the conversation and prioritizes safety Anyone nervous about the legislature’s overwhelming nod toward nuclear power in the fall veto session can take heart...

Despite loss of 2 major projects, New Jersey is moving forward with its offshore wind power goals

Nov. 17, 2023 13:32 PM EST

ATLANTIC CITY, N.J. (AP) — Despite the loss of two major offshore wind farm projects when Danish developer Orsted pulled out of New Jersey, the state is moving forward with its plans to support and grow the nascent industry. The state Board of Public Utilities on Friday voted to...

Judge's ruling advances plan to restructure $10 billion debt of Puerto Rico's power company

Nov. 14, 2023 18:21 PM EST

SAN JUAN, Puerto Rico (AP) — A federal judge on Tuesday tentatively approved a portion of the newest plan to restructure $10 billion of debt owed by Puerto Rico’s power company amid heated negotiations between creditors and the U.S. territory’s government. The overall debt...

Wisconsin Senate signs off on bill to spend tens of millions on PFAS pollution

Nov. 14, 2023 16:06 PM EST

MADISON, Wis. (AP) — Wisconsin municipalities and landowners could apply for tens of millions of dollars in state grants to combat PFAS pollution under a bill the state Senate approved Tuesday. The chamber passed the Republican-authored bill 23-10. The legislation goes next to the...

Oil companies attending climate talks have minimal green energy transition plans, AP analysis finds

Nov. 10, 2023 13:10 PM EST

In 2022, Brazilian oil and gas company Petrobras had 68 places staked out for oil exploration off the South American coast, searching for new reserves while spending $6.9 billion in oil development projects. About the same time, Algeria-based Sonatrach proclaimed its ambition to ramp up production...

Middlesex Water: Q3 Earnings Snapshot

Nov. 09, 2023 11:37 AM EST

ISELIN, N.J. (AP) — ISELIN, N.J. (AP) — Middlesex Water Co. (MSEX) on Thursday reported net income of $10 million in its third quarter. The Iselin, New Jersey-based company said it had net income of 56 cents per share. The water utility posted revenue of $46.7...

Czech power company CEZ says its net profit is $1.3 billion for 3 quarters of the year

Nov. 09, 2023 01:52 AM EST

PRAGUE (AP) — The Czech power utility CEZ said on Thursday its net profit in the first three quarters of the year reached 29.8 billion Czech crowns ($1.3 billion), 22.5 billion less than in the same period a year ago. The country’s main electricity producer attributed the 43%...

Mainers vote against proposal to oust state’s electric utilities, opting to keep the two investor-owned companies

Nov. 07, 2023 21:54 PM EST
PORTLAND, Maine (AP) — Mainers vote against proposal to oust state’s electric utilities, opting to keep the two investor-owned companies.

Unitil: Q3 Earnings Snapshot

Nov. 07, 2023 07:01 AM EST

HAMPTON, N.H. (AP) — HAMPTON, N.H. (AP) — Unitil Corp. (UTL) on Tuesday reported profit of $1.4 million in its third quarter. The Hampton, New Hampshire-based company said it had net income of 9 cents per share. The utility posted revenue of $103.9 million in the...