Electric Power News

Oil and Gas News

Solar represents over 80% of U.S. electric capacity additions in 2024
Combined with wind, the two technologies represent 99% of all capacity additions, according to data from the Federal Energy Regulatory Commission (FERC).

Google partners with Nevada utility for geothermal to power data centers
Google has entered into an agreement with Berkshire Hathaway electric utility NV Energy to power its Nevada data centers with advanced geothermal electricity, the U.S. technology company said on Wednesday.

This AI Startup Predicts Power Outages So Utilities Are Better Prepared
Weather-related power outages in the US have doubled in the last decade, and they're more than just an annoyance. They can disrupt access to clean water, food and health care, as well as communication systems and transportation.

It’s Time for Utilities to Back Smart Grid Optimization with the Right Tech
Four key challenges still face smart grid transmission and distribution growth, but these obstacles can be mitigated with the right tech.

Low-income LA residents receive hundreds of millions in federal funding for utility bill relief
Some $253 million helped Angelenos pay back utility bills from March 2020 through December 2022, city officials announced Wednesday.

Arizona utility regulator reduces oversight for certain utilities
Arizona utility regulators have effectively removed a level of government oversight for the construction of small electric generating plants after a surprise 4-1 vote this week in favor of a power company expanding its portfolio.

Utility regulator questions AES Indiana over customer billing platform rollout
AES Indiana said around 12% of its customers have been impacted by billing issues related to the rollout of the new, $84 million customer platform.

Are regulators becoming more skeptical of utility rate increases?
Pepco, an Exelon subsidiary, filed a $213.6 million, multi-year plan last year. The Maryland PSC awarded $44.6 million for one year.

Despite millions spent on service upgrades, Ohio utilities still miss reliability marks
Ohio utility companies most often failed to meet their standards for how long it takes to restore power after outages.

Federal grant to help people in Northeastern Washington get hooked up to the power grid
Some people in Northeastern Washington aren’t hooked up to the power grid. Now, a new $5 million federal grant will help more than 200 people get access to power.









 

Oil prices fall, dogged by rise in crude, gasoline stocks
Oil futures fell Thursday, feeling pressure a day after government data showed U.S. crude and gasoline stocks unexpectedly rose.

Colorado Democrats urge EPA review of terminal expansions for Utah oil trains
Two Colorado Democrats on Tuesday called on the Environmental Protection Agency to “carefully examine” the proposed expansions of three rail terminals in eastern Utah that could dramatically increase hazardous oil-train traffic through the Colorado River Basin and the Denver metro area.

Big Oil group sues to block Biden’s EV push
The US’ largest oil trade group filed a lawsuit Thursday that attempts to block the Biden administration’s mandate to have electric vehicles comprise up to 56% of new car sales between 2030 and 2032, essentially eliminating most new gas-powered cars and hybrid vehicles from the US market in less than a decade.

OPEC calls for more fossil fuel investment to prevent shortfall, dismisses peak oil demand prediction
OPEC sees oil demand growing by 25 million barrels per day, or bpd, in the developing world through 2045, with China and India alone contributing 10 million bpd.

Eyewitness recounts moments huge fire broke out at oil refinery in Irbil, northern Iraq
A massive fire at an oil refinery in northern Iraq’s autonomous Kurdish region of Irbil has been raging since Wednesday night, injuring at least 10 firefighters and destroying three fire engines, according to the regional civil defense department.

Environmentalists urge US to plan 'phasedown' of Alaska's key oil pipeline amid climate concerns
Environmental groups on Wednesday petitioned the U.S. Department of Interior to review climate impacts related to the decades-old trans-Alaska pipeline system and develop a plan for a “managed phasedown” of the 800-mile (1,287-kilometer) pipeline, which is Alaska's economic lifeline.

A new report says worldwide oil demand will peak in 2029. Some oil industry observers are skeptical.
Global oil demand will peak before the end of the decade, according to a new report from the International Energy Agency. That moves the date of the projected peak from 2030 back to 2029.

UK imposes new sanctions against Russia, targeting oil fleet, financial sector, military suppliers
The United Kingdom on June 13 unveiled sanctions against 50 entities, individuals, and vessels in order to crack down on Russia's war machine.

Ukraine agrees on first LNG supply deal with US company Venture Global
Ukraine signed on Thursday its first liquefied natural gas (LNG) deal with a U.S. company to help to avert an energy supply crunch amid a war with its bigger neighbour Russia.

Saudi Aramco signs 20-year LNG supply deal with NextDecade
Saudi Aramco has signed a non-binding heads of agreement (HOA) with NextDecade for a 20-year supply of LNG.

Shell nears deal for Pavilion Energy LNG assets
Shell (NYSE:SHEL) is finalizing an acquisition of liquefied natural gas assets from Singapore state-owned investment company Temasek, with a deal expected to be completed in the coming days, Reuters reported Thursday.