Northeast Utilities Buys Nstar

October 19, 2010

THE DEAL: Northeast Utilities buys Nstar for $4.17 billion, creating the biggest utility in New England. It will serve 3.5 million electric and gas customers in Connecticut, Massachusetts and New Hampshire. THE REASON: Northeast needs cash to fund ambitious transmission construction plans; Nstar has cash, but not the size or scope to pursue large growth […]

Natural Gas at 5 yr lows

September 24, 2010

Rendell willing to negotiate a gas ‘pooling’ law

August 12, 2010

By MARC LEVY Gov. Ed Rendell is insisting on certain environmental protections and landowner compensation requirements before he signing any bill that forces Pennsylvania landowners to sell their below-ground natural gas rights to a drilling company. Rendell’s top aides said this week that discussions on a measure being sought by the booming natural gas industry […]

US GAS: Futures End Near Flat

By Edward Welsch Natural-gas futures settled near unchanged Wednesday ahead of the release of natural-gas storage data expected to show a smaller-than-normal build in gas supplies, and as storm activity in the Gulf of Mexico remained unthreatening to U.S. energy infrastructure. The National Hurricane Center reported that a low-pressure area in the Gulf of Mexico […]

Calls for 1-year Moratorium On Natural Gas Drilling

June 24, 2010

By Bob Kalinowsk JACKSON TWP. – Standing at a reservoir that provides drinking water to 30,000 residents in Luzerne County, state Rep. Phyllis Mundy on Monday called for a one-year moratorium on new natural gas drilling permits in Pennsylvania. “We are allowing this industry to move ahead too fast,” Mundy said from the Huntsville Reservoir […]

Oil Spill Update

By Saad Asad It has now been a little over two months since the BP oil rig explosion took place. While early optimistic estimates predicted the cleanup could end in late May, it is now apparent that the spill is of much greater magnitude than originally thought. To get a better perspective of how huge this […]

AG says state should reject ComEd’s $500M offer

May 6, 2010

Says consumers will pay higher rates under the plan May 5, 2010 BY DAVE McKINNEY Springfield Bureau Chief SPRINGFIELD — Attorney General Lisa Madigan today came out against Commonwealth Edison’s $500 million offer to the state in exchange for allowing the utility to lock in higher electricity rates and receive a guaranteed profit of 10 […]

EPA proposes coal ash rule

May 4, 2010

CHATTANOOGA, Tenn. — The Environmental Protection Agency is proposing to regulate coal ash and its disposal, possibly as a hazardous waste. EPA Administrator Lisa Jackson said Tuesday that one option would regulate the ash under the hazardous waste section of the federal Resource Recovery and Conservation Act. The other is regulating it in the non-hazardous […]

Natural Gas Rises as Cold Predicted for East Coast

February 7, 2010

Cold weather will cover the U.S. from the Rockies to the East Coast between now and Feb. 19, MDA Federal Inc.’s EarthSat Energy Weather said. Two feet (60 centimeters) of snow may fall in the Washington region. About 52 percent of U.S. households use gas for heating.  “Gas is mostly up on the weather,” said […]

Oil prices extend losses on US jobs, eurozone debt

Oil prices extend losses on US jobs, eurozone debt jitters     Photos 1 of 1 Petrols pumps at a Shell petrol station           NEW YORK – Oil prices extended losses Friday as world markets were shaken by fresh concerns over the global economic recovery stemming from debt woes in the eurozone […]