Latest Energy and utilities regulation News

Los Angeles City Council votes to ban oil and gas drilling

Dec. 03, 2022 18:40 PM EST

__ The Los Angeles City Council voted unanimously on Friday to ban drilling of new oil and gas wells and phase out existing ones over the next 20 years. The vote comes after more than a decade of complaints from city residents that pollution drifting from wells was...

Gas prices drop again in NJ, around nation as oil cost drops

Dec. 03, 2022 13:55 PM EST

TRENTON, N.J. (AP) — Gas prices dropped again in New Jersey and around the country as the cost of oil edged lower amid fears of economic slowdowns around the globe. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $3.63, down 12 cents...

EXPLAINER: What's the effect of Russian oil price cap, ban?

Dec. 02, 2022 18:12 PM EST

FRANKFURT, Germany (AP) — Western governments have agreed to cap the price of Russia's oil exports in an attempt to limit the fossil fuel earnings that support Moscow's budget, its military and the invasion of Ukraine. The cap is set to take effect Monday, the same day the...

G-7 joins EU on $60-per-barrel price cap on Russian oil

Dec. 02, 2022 18:04 PM EST

WASHINGTON (AP) — The Group of Seven nations and Australia joined the European Union on Friday in adopting a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his...

Utility recommends natural gas plant despite objections

Dec. 02, 2022 17:34 PM EST

NASHVILLE, Tenn. (AP) — The nation's largest public utility on Friday recommended replacing an aging coal burning power plant with natural gas, ignoring calls for the Tennessee Valley Authority to speed its transition to renewable energy. TVA announced the completion of its...

Panel picks finalists for New Mexico regulatory commission

Dec. 02, 2022 16:18 PM EST

ALBUQUERQUE, N.M. (AP) — New Mexico’s governor will have nine candidates to choose from as she fills a powerful regulatory commission that oversees utility rates and will help chart the state’s course toward more renewable energy development. A nominating committee voted...

EU edges closer to $60-per-barrel Russian oil price cap

Dec. 01, 2022 22:44 PM EST

BRUSSELS (AP) — The European Union was edging closer to setting a $60-per-barrel price cap on Russian oil — a highly anticipated and complex political and economic maneuver designed to keep Russia's supplies flowing into global markets while clamping down on President Vladimir Putin's ability...

EXPLAINER: US-European differences on climate law persist

Dec. 01, 2022 19:31 PM EST

WASHINGTON (AP) — President Joe Biden on Thursday tried to allay concerns raised by French President Emmanuel Macron about a clean energy law that benefits electric vehicles and other products made in North America. But the U.S. and Europe remain divided over the landmark law. ...

Biden acknowledges 'glitches' in his clean energy law, says there are 'tweaks we can make' to satisfy unhappy allies

Dec. 01, 2022 13:48 PM EST
WASHINGTON (AP) — Biden acknowledges 'glitches' in his clean energy law, says there are 'tweaks we can make' to satisfy unhappy allies.

Lamont signs bill extending gas tax holiday, free bus fares

Nov. 29, 2022 16:33 PM EST

HARTFORD, Conn. (AP) — Connecticut Gov. Ned Lamont signed legislation Tuesday that extends Connecticut's soon-to-expire 25-cent-per-gallon gas tax holiday for another month. The tax break will then be reduced incrementally over the following five months. The Democrat signed the...