Australian Prime Minister Addresses Joint Meeting Of Congress

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]