Duke Energy settles last lawsuit over 2014 coal-ash spill
The lawsuit, filed by 33 property owners along the Dan River, was slated to go to trial in Rockingham County next week.
CenterPoint CFO heads into retirement with an extra $360,000
Houston-based CenterPoint Energy Inc. (NYSE: CNP) will pay its outgoing CFO a special lump-sum cash payment of $360,000 upon his retirement, according to a recent regulatory filing.
The company announced late last year that William “Bill” Rogers, currently executive vice president and CFO, plans to retire for personal and family reasons. He was expected to remain CFO through the first quarter of 2019 to help with the transition to his successor and with CenterPoint’s acquisition of Indiana-based…
Exclusive: Exelon selling 5.5-acre power plant site near Port Covington
Exelon Corp. is selling a 114-year-old power plant in South Baltimore, giving potential developers a chance to buy a 5.5-acre site near Under Armour CEO Kevin Plank’s emerging Port Covington development.
The Chicago-based power company listed the Gould Street Power Plant for sale this week because it is retiring the facility, said Mark Rodgers, an Exelon spokesman. No sales price was listed, he said. Exelon acquired the plant in 2012 as part of its $7.9 billion acquisition of Constellation Energy…
NuScale reveals next steps as it looks to produce nuclear power
Corvallis-hatched nuclear company eyes generating power in 2026.
This Bay Area Fortune 500 has moved hundreds of employees to Texas. Will its headquarters follow?
The recent loss of two San Francisco Bay Area Fortune 500 headquarters to Texas raises a key question: Who’s next?
Large energy cos. announce big plans in the Permian
ExxonMobil announced Tuesday plans to significantly rev up its investment and oil production in the Permian Basin in the next couple of years.
The Irving, Texas-based energy company said it plans to produce more than 1 million oil-equivalent barrels per day, nearly an 80 percent increase, as early as 2024. The company said it’s growing its infrastructure in the area with plans including construction at 30 sites to increase oil and gas processing and handle 600,000 barrels of oil and 1 billion cubic…
Marathon hints at laid off Andeavor workers
Marathon Petroleum Corp., which bought San Antonio-based Andeavor last year, told investors recently that it had to pay employee severance packages as part of the transaction, though it wasn’t clear how many Andeavor employees were laid off or whether those employees were based in the Alamo City.
In a phone call with analysts on Feb. 7, Marathon (NYSE: MPC] Chief Financial Officer Timothy Griffith said the company paid $183 million last quarter for expenses related to buying Andeavor. That figure…
Energy lawyer: Houston to pick up growth in crude, petrochemicals
“Houston is becoming a huge — or maybe I should say larger — petrochemical center.”
Federal bill that would authorize $75 million annually for West Valley cleanup clears U.S. House
A bill that would mandate the federal government spend $75 million each year to clean the toxic waste site in West Valley has passed the U.S. House of Representatives.
The bill mandates that amount be spent each year between 2020 and 2026. It was introduced by U.S. Reps. Brian Higgins, D-Buffalo, and Tom Reed, R-Corning. It will now go to the U.S. Senate., where Sens. Charles Schumer and Kirsten Gillibrand have backed funding efforts in support of the cleanup.
The West Valley Reprocessing Plant…
Oil and gas advertising spree signals industry’s dilemma
New campaigns show a persistent focus on fossil fuels even with a shift toward renewables.
