Latest Utilities News
California's Pacific Gas & Electric could receive $15B in federal loans to modernize its power grid
SACRAMENTO, Calif. (AP) — Pacific Gas & Electric Co. could receive up to $15 billion in federal loans to help the utility modernize its power grid and expand clean energy infrastructure across central and northern California, officials announced Tuesday. The U.S. Department of...
Secretly recorded videos are backbone of corruption trial for longest-serving legislative leader
CHICAGO (AP) — Hours of secretly recorded videos and phone calls have offered a rare glimpse into how the longest-serving legislative leader in American history operated behind closed doors. As the corruption trial of former Illinois House Speaker Michael Madigan stretches into its...
Californians pay billions for power companies’ wildfire prevention efforts. Are they cost-effective?
Diane Moss lost her home in the Santa Monica Mountains after power lines ignited the apocalyptic Woolsey Fire in 2018. Since then, she’s pressed for a safer electric grid in California. “It’s so easy to forget the risk that we live in — until it happens to you,” said Moss,...
The drinking water for New Jersey's capital went largely untested for more than a year, utility says
TRENTON, N.J. (AP) — The drinking water in New Jersey's capital city and some surrounding communities went largely untested for more than a year, the utility belatedly told roughly 200,000 affected customers, noting that it fired a worker who falsified the relevant reports. Trenton...
UGI: Fiscal Q4 Earnings Snapshot
KING OF PRUSSIA, Pa. (AP) — KING OF PRUSSIA, Pa. (AP) — UGI Corp. (UGI) on Thursday reported a loss of $273 million in its fiscal fourth quarter. On a per-share basis, the King Of Prussia, Pennsylvania-based company said it had a loss of $1.27. Losses, adjusted for non-recurring...
Russia's Gazprom stops the flow of natural gas to Austria, OMV utility says
VIENNA (AP) — Russia’s state-owned natural gas company Gazprom stopped supplies to Austria early Saturday, according to the Vienna-based utility OMV, after OMV said it would stop payments for the gas following an arbitration award. The official cutoff of supplies before dawn...
Austria says Russia's Gazprom will cut off natural gas supply this weekend
VIENNA (AP) — Russia’s state-owned natural gas company Gazprom will cut off supplies to Austria’s OMV utility early Saturday, Austria’s chancellor said, adding that his country’s underground gas storage was full and that it had alternative, non-Russia supplies. The cutoff...
Biden EPA to charge first-ever ‘methane fee’ for emissions waste by oil and gas companies
WASHINGTON (AP) — Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain levels under a final rule announced Tuesday by the Biden administration. The Environmental Protection Agency rule follows through on a...
Czech power company CEZ reports $984 million in profit in first three quarters of 2024
PRAGUE (AP) — The Czech power company CEZ on Tuesday reported net profit of 23.4 billion Czech crowns ($984 million) in the first three quarters of the year, 6.4 billion lower than the same period last year. CEZ attributed the 27.3% decline to lower earnings in trading and mining....
Arizona regulators fine natural gas utility $2 million over defective piping
PHOENIX (AP) — A natural gas utility with more than 2 million customers in Arizona, Nevada and parts of California is being fined $2 million by regulators in Arizona over concerns about piping that is known to degrade in the heat. The Arizona Corporation Commission announced Friday...
