Latest Energy industry News

Nuclear tech company to locate research center in New Mexico

Dec. 14, 2019 12:06 AM EST

ALBUQUERQUE, N.M. (AP) — A California-based nuclear energy technology company says it has chosen New Mexico’s largest city as its home for a new engineering center to support the development of its reactor technology. Kairos Power LLC plans to take up residence at a master planned community on the...

California governor rejects $13.5 billion PG&E settlement

Dec. 13, 2019 11:24 PM EST

SAN FRANCISCO (AP) — California Gov. Gavin Newsom has rejected a $13.5 billion settlement that Pacific Gas and Electric struck just last week with thousands of people who lost homes, businesses and family members in a series of devastating fires that drove the nation's largest utility into bankruptcy. The...

DA won't file charges against pipeline protesters

Dec. 13, 2019 9:21 PM EST

SALEM, Ore. (AP) — A prosecutor in Oregon has declined to file charges against 21 protesters who were arrested during a sit-in at the governor's office last month as they protested a planned natural gas pipeline and marine terminal, a spokeswoman said Friday. The office of Marion County District Attorney...

Utility providers told to up outreach for hardship status

Dec. 13, 2019 7:53 PM EST

HARTFORD, Conn. (AP) — Public utilities regulators in Connecticut have asked the state's two largest electricity providers to increase efforts to reach out to customers who might qualify for hardship status. The Public Utilities Regulatory Authority in response to a surge in shutoffs over the past few...

Wells Fargo to get millions for U. of Iowa utility deal

Dec. 13, 2019 5:56 PM EST

IOWA CITY, Iowa (AP) — One of the world's largest banks will reap a windfall from the University of Iowa's multi-billion-dollar plan to outsource its utility operations before students or faculty see any benefit from the deal. Wells Fargo is expected to get nearly 1% of the nearly $1.2 billion payment...

20 barrels of oil by-product spill in McKenzie County crash

Dec. 13, 2019 4:55 PM EST

Twenty barrels of produced water spilled into a small creek in North Dakota's McKenzie County after a truck that was carrying the material crashed on an icy road, the North Dakota Department of Environmental Quality announced Friday. The truck operated by Blackshirt, LLC was transporting produced water, which is...

South Korean firm to set up Tennessee facility with 410 jobs

Dec. 13, 2019 2:30 PM EST

MEMPHIS, Tenn. (AP) — A South Korean manufacturer of electric power equipment plans to set up its first U.S. production operations in Memphis, Tennessee, where the company aims to invest $86.9 million and create 410 jobs over seven years. Gov. Bill Lee and his economic development team announced Friday...

Nearly $226M to restore open Gulf after 2010 BP oil spill

Dec. 13, 2019 1:56 PM EST

NEW ORLEANS (AP) — Federal agencies have approved nearly $226 million for 18 projects to restore open ocean and marine habitats that were decimated in the Gulf of Mexico by the 2010 BP oil spill. The projects range from $52.6 million to study deep-sea habitats to $290,000 to find ways to keep sea turtles...

3 of 4 men kidnapped from oil tanker off Africa released

Dec. 13, 2019 1:56 PM EST

ATHENS, Greece (AP) — Three of four crew members who were kidnapped by pirates from a Greek-flagged oil tanker off the coast of Togo last month have been released, while the fourth has died, the vessel's managing company said Friday. European Products Carriers Ltd. said in a statement that the three...

Historic Detroit power plant demolished to aid Jeep factory

Dec. 13, 2019 1:38 PM EST

DETROIT (AP) — A Detroit power plant that was more than 100 years old was demolished Friday to accommodate a Jeep factory. Explosives were used to bring down the Conners Creek plant near the Detroit River on the city's east side. The plant, which belonged to DTE Energy, started in 1915 as a coal-fired...