The highly anticipated bipartisan energy bill has been formally introduced to the House, calling for longer utility energy service contracts, reauthorize weatherization and more study of grid storage. [Utility Dive]

Hunt has teamed up with creditors of Energy Future Holdings to raise about $12.1 billion to repay the power company’s debt and convert its power distribution business into a real estate investment trust. [Reuters]

The energy sector will continue to struggle until there is a big increase in the price of oil, despite a promising second quarter, analysts and investors say. [Reuters]