Entergy lights up $1.2 billion pension buyout with MetLife May 28, 2024 Entergy Corp., New Orleans, entered into an agreement to purchase a group annuity contract from Metropolitan Life Insurance Co. to transfer nearly $1.2 billion in U.S. pension liabilities. The utility company signed the agreement May 23 to transfer the liabilities representing 3,447 retirees…
A record hurricane season may pose risks to Gulf oil production, refining and LNG exports Energize Weekly, May 29, 2024 The prospect of a record-breaking hurricane season in 2024 poses risks for U.S. oil and gas production, refining and liquefied natural gas (LNG) exports, according to the federal Energy Information Administration (EIA). The National Oceanic…
EchoStar wins $2.7 billion Navy contract May 20, 2024 EchoStar has been awarded a $2.7 billion contract to provide 5G smart devices and services for the DoD and federal agencies. In an announcement, the company said it had been awarded a contract for the indefinite delivery, indefinite quantity (IDIQ) contract as part of the US…
EPA to ramp up cybersecurity inspections for water utilities 21/05/2024 The Environmental Protection Agency (EPA) has issued a stark warning to the nation’s water utilities, highlighting significant gaps in cybersecurity compliance amid a growing wave of cyber threats. Announced on Monday, the EPA’s new enforcement alert reveals that over 70% of inspected water systems fail…
Top U.S. natural gas producer Chesapeake Energy cuts jobs May 20, 2024 Chesapeake Energy (CHK.O), opens new tab, a top U.S. natural gas producer, began laying off employees this week after completing the divestiture of its oil assets last year, the company said on Monday. This week’s layoffs follow its divestment of its Eagle Ford…
Future of TMI Unit 1 questioned after nuclear power plant restarted in Michigan May 16th 2024 A nuclear power plant is about to restart in Michigan, and it has many questioning the future of Three Mile Island Unit 1. The plant is owned by Constellation Energy. At the company’s earnings call for the first quarter…
America’s largest coal source may be losing federal business. But not without a fight May 20, 2024 The Biden administration announced plans to end new coal leasing in the Powder River Basin, which produces nearly half of the country’s coal—much to the chagrin of top Wyoming lawmakers. The Bureau of Land Management’s environmental impact statement,…
Biggest electric utility in Wyoming sues regulators over partial denial of rate hike May 21, 2024 Pacificorp, which owns the largest electric utility serving Wyoming, has sued state regulators. The parent company Rocky Mountain Power is asking the U.S. District Court to overturn the Wyoming Public Service Commissioners’ decision in January to only approve a…
Iberdrola to buy rest of US power firm Avangrid in $2.6 billion deal May 17, 2024 Spanish utility Iberdrola (IBE.MC), opens new tab has agreed to acquire the remaining 18.4% stake in Avangrid (AGR.N), opens new tab that it does not already own, the U.S. subsidiary said on Friday, in an all-cash deal worth about…
FERC adopts sweeping transmission planning regulations with the aim of speeding projects Energize Weekly, May 22, 2024 The Federal Energy Regulatory Commission (FERC) adopted a sweeping new regulation, on May 13, aimed at spurring the planning and construction of new transmission lines to meet the growing needs of the nation’s overworked electric grid. The new…
EPA watchdog lays out blame in Jackson, Miss., water crisis 05/14/2024 A watchdog report faulted both state and local government for the 2022 crisis that left Jackson, Mississippi, residents without safe drinking water and raised concerns about institutional racism in the majority Black city. The EPA Office of Inspector General report placed blame on the…
New Bloomberg Study Warns of $150 Oil May 14, 2024 A recent release sent to Rigzone by Bloomberg Intelligence (BI) warned that, according to a new analysis by BI and Bloomberg Economics (BE), “an escalation to a direct war between Israel and Iran could result in oil prices rising to $150 a barrel and global…
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