U.S. ENERGY
Maine regulators deny CMP rate increase
Maine regulators rejected a proposed Central Maine Power rate hike that would have increased the average monthly bill by $35. Regulators directed CMP to submit a new plan that better considers impacts on consumers.
Federal investigators outline Key Bridge collapse
Federal investigators detailed what caused the Francis Scott Key Bridge collapse that killed six construction workers. They found the ship lost power twice and lacked adequate safety systems that could have restored power more quickly.
GraphiteOne discovery weakens China’s dominance
A project accelerated by President Donald Trump and promoted by Alaska Gov. Mike Dunleavy stands to weaken China’s dominance in nanotechnology, energy and automotive sectors as the GraphiteOne site near Nome uncovered vast reserves. China previously accounted for 90% of production.
Pennsylvania lawmakers examine nuclear expansion
The House Energy Committee met Monday to hear testimony on the risks and potential of expanding nuclear energy production in Pennsylvania.
New York pauses fossil-fuel-free building rules
New York agreed to delay enforcement of rules prohibiting fossil fuels in new homes and businesses. The state will wait for a ruling from the Second Circuit Court of Appeals on a challenge to the All-Electric Buildings Act.
South Korean EV workers return after federal raid
Some skilled South Korean workers swept up in the Trump administration’s immigration raid on the Hyundai and LG Energy Solution EV and battery factory in Georgia have returned to work and helped restart machinery installation.
WORLD
EU rejects exemptions on Russian gas phase-out
As the EU finalizes plans to end reliance on Russian energy, the European Parliament opposes exemptions for countries heavily dependent on eastern gas imports.
China and India boost crude purchases
China and India are buying more crude oil, providing relief to producers facing oversupply. The two importers are purchasing mainly Middle Eastern cargos, according to Bloomberg.
Global refining margins hit multi-year highs
Global refining margins rose to multi-year highs due to sanctions on Russia, refinery outages and maintenance. Analysts see little relief without new Western refinery construction.
Brazil’s Petrobras announces major offshore find
Petrobras made a significant offshore oil discovery in the Campos Basin off Brazil’s southeastern coast, reinforcing the country’s momentum in deepwater exploration.
Ukrainian power plant repeatedly hit
At a Ukrainian power plant repeatedly struck by Russian missiles and drones, workers continue repairs only to face new waves of attacks. DTEK staff scramble to restore power for homes and businesses amid record-intensity strikes.