Power plant coal shipments dropped 8 percent in 2023 but will see a slight rebound in 2024 Energize Weekly, July 24, 2024 Coal shipments in the U.S. decreased 8 percent in 2023, continuing a two-decade trend as more coal-fired power plants are retired, although deliveries could see a bump this year, according to data from…
Energy companies win dismissal of Baltimore’s climate change case July 11, 2024 A Maryland judge on Thursday dismissed a lawsuit by the city of Baltimore seeking to hold energy giants such as Exxon Mobil(XOM.N), opens new tab, BP(BP.L), opens new tab and Chevron(CVX.N), opens new tab responsible for climate change, saying the case went beyond…
ConocoPhillips Still Sees Marathon Oil Merger Closing Q4 despite FTC Probe July 15, 2024 ConocoPhillips has maintained that its $22.5 billion acquisition of Marathon Oil Corp. can be completed by the fourth quarter (Q4) despite facing an extended anti-trust review by the United States competition regulator. The Federal Trade Commission (FTC) issued a so-called “second…
CIB Invests $283.5 Million in New Alberta Transmission Line July 11, 2024 The Canada Infrastructure Bank (CIB) is providing Alberta electricity transmission companies, AltaLink and ATCO Electric, with a loan of $208.16 million to construct a transmission line, the Central East Transfer-Out project, in the counties of Red Deer, Lacombe and Stettler. The loan will…
Dominion, Virginia move forward in pursuing small modular reactor goals July 12, 2024 Virginia’s pursuit of nuclear power technology, though ambitious and not without resistance, continues to prove more than empty rhetoric, as representatives from Dominion Energy and the Youngkin administration gathered Wednesday at a company power station to share the next steps. Dominion had…
With electricity demand predicted to double, Dominion Energy looks to add “peaker plants” July 16, 2024 In 2020, Virginia became the first southern state to lay out a legal mandate for a carbon-free electrical grid. That’s why it was a surprise to many when Dominion Energy announced plans to build a new natural gas plant…
Seattle City Light to increase rates due to higher demand, rising energy costs July 15, 2024 The Seattle City Light Department recently announced a plan to increase rates for customers amid a growing energy demand and heightened labor costs. Customers could see a 5.4% rate increase in 2025 and 2026, which equates to about an…
Federally proposed bill promotes Energy Dept.’s use of AI in energy, national security, science 7/15/2024 A newly introduced bill on Capitol Hill aims to advance America’s leadership in artificial intelligence (AI) by establishing a program at the U.S. Department of Energy (DOE) that would promote the department’s use of the technology in its work in…
U.S. offshore wind development falters in 2023 but is projected catch up in the next 10 years Energize Weekly, July 17, 2024 Offshore wind development in the U.S. suffered setbacks in 2023 with projects being cancelled and less than half of the 30-gigawatt (GW) target set by the Biden administration forecast to be deployed by…
California to impose permanent water restrictions on cities and towns July 8, 2024 California will impose permanent water restrictions for the first time in history after the state’s Water Resources Control Board approved a long-debated policy. The policy, dubbed Making Conservation a California Way of Life, is intended to permanently decrease statewide water use so…
U.S. high-speed rail projects: The latest news July 9, 2024 The modern history of fast trains in the U.S. dates back to the High Speed Ground Transportation Act of 1965, an attempt by federal lawmakers to keep up with developments in Japan. In the first demonstration project under the legislation, the U.S. Department of Transportation…
Maine’s largest natural gas provider, Unitil, to acquire Bangor Natural Gas Company Jul 9, 2024 The largest provider of natural gas in Maine, Unitil, has agreed to purchase the Bangor Natural Gas Company, the state’s second-largest provider, the Unitil Corporation announced Tuesday. Unitil said it will pay $70.9 million to PHC Utilities, a subsidiary of…
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