Energy Sector

PUCO Signs Off Two Deals for FirstEnergy and AEP that Subsidize Aging Power Plants

PUCO Signs Off Two Deals for FirstEnergy and AEP that Subsidize Aging Power Plan

On March 31, the Public Utilities Commission of Ohio (PUCO) signed the profit guarantee plans for FirstEnergy and AEP. It is a plan that has faced controversies and is written to subsidize operation of old coal-fired and nuclear power plants in the coming eight years.

Indian Point Unit 2 Reactor Shut Down as Inspection Reveals “Faulty Bolts”

Indian Point Unit 2 Reactor Shut Down as Inspection Reveals “Faulty Bolts”

Entergy Corp., which runs a three unit nuclear power plant station at Indian Point Energy Center, in Buchanan, New York said on Tuesday that during a planned inspection greater than 2,000 bolts were inspected and requirement for replacing some of them at Indian Point 2 reactor, made it necessary to shut down.

Clean Line Energy Gets Approval U.S. Power Line Worth $2.5 Billion

Clean Line Energy Gets Approval U.S. Power Line Worth $2.5 Billion

Clean energy gets another big push. No matter if the state regulators approve of it or not but a transmission line carrying wind power worth $2.5-billion to the U. S. Southeast will be constructed.

Oil Gains a Little Trading Close to $41with Optimistic Outlook of Drop in Output

Oil Gains a Little Trading Close to $41with Optimistic Outlook of Drop in Output

Last month, crude oil prices have dropped to its twelve year low and gained only after speculation provided some optimistic outlook that stronger demand and sliding U. S. output will cut out some of the supply glut.

TransCanada Acquiring Texas Based Columbia Pipeline Group Inc in a $10.2 Billion Deal

TransCanada Acquiring Texas Based Columbia Pipeline Group Inc in a $10.2 Billion

Expanding its reach further into the U. S. natural gas market, TransCanada Corp. is buying Houston, Texas based, Columbia Pipeline Group Inc. in a $10.2 billion deal.

The Calgary based energy company will fund the deal with proceeds from its asset sales and an offering of new shares worth $3.2 billion.

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