Infrastructure - Page 2

PG&E Chaos: CEO Departs, Bankruptcy Looms, Tens of Billions in Liabilities

Posted: January 14, 2019 at 8:25 am

On November 8, the same day that the worst wildfire in California history broke out in Butte County, about 150 miles northeast of San Francisco, northern California utility PG&E Corp. ...
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PG&E Adds Details on Possible Cause of California’s Camp Fire

Posted: December 12, 2018 at 11:55 am

The northern California wildfire known as the Camp Fire killed at least 85 people and destroyed more than 18,000 homes and other buildings. The fire, which started on November 8, ...
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Drought Now Covers California, Nevada, Utah, Arizona, Oregon

Posted: November 18, 2018 at 7:04 am

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 ...
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California Regulator Says PG&E Won’t Go Into Bankruptcy

Posted: November 16, 2018 at 7:50 am

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 ...
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What’s to Blame for Boston-Area Natural Gas Explosions?

Posted: September 14, 2018 at 8:25 am

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 ...
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Can Russia Turn Out All the Lights in New York City?

Posted: July 24, 2018 at 6:25 am

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 ...
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FirstEnergy Solutions Bankruptcy Could Take a Long Time

Posted: April 19, 2018 at 1:55 pm

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 ...
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Cemex Upgrade Sees Bad News All Priced In

Posted: April 9, 2018 at 10:20 am

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 ...
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Why FirstEnergy Subsidiaries Seek Bankruptcy for Merchant Power Business

Posted: April 2, 2018 at 8:25 am

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 ...
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Actually, California Regulations Can Occasionally Be Positive

Posted: March 14, 2018 at 12:50 pm

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 ...
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Duke Energy Slides on Mixed Q4 Results

Posted: February 20, 2018 at 11:40 am

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 ...
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Virgin Group To Build Hyperloop In India, Serve 26 Million People

Posted: February 19, 2018 at 6:21 am

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 ...
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Can Trump Administration Deliver the Coal and Boost FirstEnergy?

Posted: February 9, 2018 at 10:10 am

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 ...
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5 Ultra-Safe Utilities to Buy as Market Volatility Skyrockets

Posted: February 9, 2018 at 8:20 am

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 ...
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Eversource Wins Power Transmission Project Contract

Posted: January 26, 2018 at 8:30 am

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 ...
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