Elliott Management Corp. confirmed it is seeking five seats on Hess Corp.’s (HES) board in order to push the company to separate its assets in the oil-rich Bakken Shale region from less prolific international assets.
Oil company Hess CEO John Hess took policymakers to task for failing to formulate a long-term national energy policy in an address to the IHS Herold Pacesetters Energy Conference.
“The US is in desperate need of an energy policy,” Hess said. “It’s fundamental to our economic growth, our environmental sustainability, and obviously our national security,” he said. Keep reading →
A New Jersey fight over new electric generating capacity raised a wide range of fundamental power market issues as it intensified late last week.
New Jersey’s top utilities regulator clashed with the head of the grid manager PJM on Friday over plans to build three new gas-fired power stations in a bid to bring down high retail electricity costs. Keep reading →