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Council members: Is JEA even allowed to sell itself?

City council members clashed with the city lawyers on Wednesday over whether JEA even has the authority to pursue privatization.

During the council’s first workshop to examine the privatization process, Council member Randy DeFoor pushed General Counsel Jason Gabriel on whether the procurement systems allowed JEA to pursue a sale.

“I have never seen a procurement process used to sell oneself,” said DeFoor, who is national agency counsel with Fidelity National Title Group. “Can you explain…

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Energy News

Regulators back underground power line plans

Despite objections from attorneys for utility customers, the Florida Public Service Commission on Tuesday continued moving ahead with plans for carrying out a new law that supporters say will help make the state’s electric system better able to withstand hurricanes.

The state Office of Public Counsel, which represents consumers, asked the commission to reconsider two proposed rules that would carry out the law, which passed during the spring legislative session and has been touted as a way to…

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Yolo County alliance continues pursuit of $300 million bid for PG&E assets

Davis-based Valley Clean Energy maintains that its $300 million offer to buy Pacific Gas & Electric Co.’s electric assets in Yolo County is fair — and still on the table.

Last month, the local power provider for the cities of Davis and Woodland and unincorporated Yolo County sent a letter to PG&E (NYSE: PCG) offering to buy its generation and distribution assets in the county.

Last week, PG&E answered Valley Clean Energy, saying in a letter that its assets were not for sale, and if they were,…

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CEO: Oxy to make further sales to pay down debt, reduce spending

Houston-based Occidental Petroleum Corp. (NYSE: OXY) has sold off about $4.55 billion of its assets in the wake of its acquisition of Anadarko Petroleum Corp., and it has billions more in divestments lined up in the near term.

Oxy closed the sale of Anadarko’s Mozambique assets to Paris-based Total SA (NYSE: TOT) for $3.9 billion, and it also divested its $650 million interest in Plains All American Pipeline LP (NYSE: PAA) during the third quarter. Oxy still has $4.9 billion in African assets…

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Energy News

Salem plant turning more cooking oil into biodiesel than ever

SeQuential, the Oregon company that collects used cooking oil and turns it into biodiesel, has boosted production capacity at its Salem plant by 30 percent. It credited a state program with helping drive increased demand.

Output has been growing every year since the southeast Salem plant began operating in 2008, and capacity was now up to 12 million gallons annually, Sequential said Tuesday. A recent expansion included storage, blending and loading upgrades.

SeQuential was acquired a year ago by…

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