Drought Now Covers California, Nevada, Utah, Arizona, Oregon
Part of the reason California has become a tinderbox of trees and brush is that most of the state suffers from some level of drought. The problem is now actually ...Read Full Story »
Infrastructure
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California Regulator Says PG&E Won’t Go Into Bankruptcy
When a regulated utility's share price falls by more than 60% in just five trading days, it's a tell-tale sign that investors are expecting the firm to file for bankruptcy ...Read Full Story »
What’s to Blame for Boston-Area Natural Gas Explosions?
At least 70 homes in the Boston area have been damaged or destroyed since Thursday afternoon in a series of explosions and fires due to an as-yet-unknown problem with the ...Read Full Story »
Can Russia Turn Out All the Lights in New York City?
Can the Russians do what hot weather and a weak electric grid did to New York City in 1977 and 2003? Virtually all of New York City and much of ...Read Full Story »
FirstEnergy Solutions Bankruptcy Could Take a Long Time
When FirstEnergy Corp. (NYSE: FE) subsidiary FirstEnergy Solutions (FES) filed for bankruptcy on the last day of March, the engine started running on what could be a procedure that takes ...Read Full Story »
Cemex Upgrade Sees Bad News All Priced In
CEMEX SAB de C.V. (NYSE: CX) has had a rough year, with much of the ongoing trade war risks putting Mexico at risk due to NAFTA being renegotiated by the ...Read Full Story »
Why FirstEnergy Subsidiaries Seek Bankruptcy for Merchant Power Business
On Sunday, electric utility FirstEnergy Corp. (NYSE: FE) announced that its merchant power subsidiary, FirstEnergy Solutions, and its nuclear operating company voluntarily filed for Chapter 11 bankruptcy protection. Not included ...Read Full Story »
Actually, California Regulations Can Occasionally Be Positive
If there is one state that comes to mind with high taxes and higher regulations that go above and beyond federal ones, it would be California. It turns out that ...Read Full Story »
Duke Energy Slides on Mixed Q4 Results
When Duke Energy Corp. (NYSE: DUK) reported its most recent quarterly results before the markets opened on Tuesday, the utility giant posted $0.94 in earnings per share (EPS) on $5.85 ...Read Full Story »
Virgin Group To Build Hyperloop In India, Serve 26 Million People
Richard Branson, head of The Virgin Group, announced the company plans to open a hyperloop in India. It will serve 26 million people and carry as many as 150 million ...Read Full Story »
Can Trump Administration Deliver the Coal and Boost FirstEnergy?
The Trump administration, particularly Energy Secretary Rick Perry, suffered a major setback last month when the Federal Energy Regulatory Commission (FERC) rejected Perry's proposal to pay coal plant operators for ...Read Full Story »
5 Ultra-Safe Utilities to Buy as Market Volatility Skyrockets
If there is any sector that is safe when the going gets treacherous it’s the utilities, and with good reason. Regardless of the economy or other circumstances that affect consumers ...Read Full Story »
Eversource Wins Power Transmission Project Contract
Massachusetts-based electric utility Eversource Energy (NYSE: ES) announced on Thursday that the company had won a bid from the state to build a new transmission line to transport Canadian-generated electricity ...Read Full Story »
Puerto Rico Moves to Privatize Its Electricity, but Competition Is Also Badly Needed
After nearly 40 years, Puerto Rico is finally privatizing its power utility company, the Puerto Rico Electric Power Authority (PREPA). But it may not be enough. With 36% of residents ...Read Full Story »
FirstEnergy Gets $2.5 Billion Investment
Electric utility FirstEnergy Corp. (NYSE: FE) announced Monday morning that it is receiving a $2.5 billion equity investment from affiliates of Paul Singer's Elliott Management, Bluescape, GIC and Zimmer Partners. ...Read Full Story »
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