Two new reports published today by the Department of Energy finds that wind energy is on a steady rise, and will be a key factor in reducing carbon emissions. [The Washington Post] Energy Future Holdings has finalized a deal with Dallas energy and real estate mogul Ray L. Hunt to sell its power line subsidiary… Keep reading →
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… Keep reading →
Energy Future Holdings Corp. has survived its latest legal bout with bondholders demanding some $431 million worth of premiums on billions of dollars in debt. “Round one was decided in the company’s favor in March, but that ruling left open the possibility that bondholders could persuade a judge to lift the automatic stay of bankruptcy… Keep reading →
Close to a third of the world’s 37 largest aquifers are being drained faster than they are being replenished, according to a recent study by scientists at the University of California, Irvine. “The aquifers are concentrated in food-producing regions that support up to two billion people. A companion study indicates that the total amount of water in… Keep reading →
Bloom Energy will launch itself into the biogas market this summer with IKEA confirming two of its retail stores in the San Francisco area will start producing electricity from Bloom’s manufactured fuel-cell system. “For IKEA, Bloom’s fuel cells will help offset carbon dioxide emissions and contribute to the global home-furnishings chain’s 2020 goal of being… Keep reading →
Duke Energy received a delay Tuesday in pleading guilty to environmental crimes by claiming that bureaucratic red tape could result in power being cut-off for military bases across North Carolina. “U.S. District Judge Malcolm Howard approved a one-month delay in Duke’s plea and sentencing hearing for criminal violations of the Clean Water Act, which had… Keep reading →
