The question has been raised in light of this past week’s damaging announcement that Orsted was pulling out of the Biden administration’s major wind project off the coast of New Jersey—is there a double standard for the wind industry as compared to oil and gas when it comes to subsidies? While the Biden administration …
** Taking a page from the “throw-the-bums-out” script in politics, Mainers are poised to vote on an unprecedented plan to rid themselves of the state’s two largest electric utilities and start with a clean slate. ** American Electric Power discloses that it is in negotiations with federal regulators to resolve allegations about the utility’s role in the bribery scandal …
Germany’s Siemens is more than wind farm turbines. It also manufactures electrical infrastructure and the company announced it is investing $150 million in a new high-tech manufacturing plant in Fort Worth, creating at least 700 new jobs for the metroplex. The company stated it is part of a nationwide investment of $500 million and …
** The Biden administration announced Thursday that it will pay $440 million to install solar panels in Puerto Rico. The Department of Energy (DOE) made the announcement Thursday, saying that the funding will lower energy costs for 30,000 to 40,000 single-family households in Puerto Rico and help improve the resilience of energy sources. ** Uranium prices are on a …
ALLETE, Inc. one of the major wind farm operators in Oklahoma and headquartered in Minnesota recorded increased earnings in the third quarter. The company’s earnings were $1.49 per share on net income of $85.9 million, far better than a year ago when earnings were 59 cents a share and $33.7 million. “We are pleased …
** On Wednesday, Rep. Jim Jordan (R-Ohio), the head of the GOP-controlled House Judiciary Committee, demanded documents from the climate group As You Sow as part of a broader investigation into climate-conscious investing. Jordan accused the group of an illegal conspiracy in the name of advancing a left-wing political agenda. ** The State Department on Wednesday announced a partnership with the nonprofit …
** The Michigan Supreme Court has declined to revive charges against former Gov. Rick Snyder (R) in connection with the Flint water crisis, putting what prosecutors described as the “final nail in the coffin” of their efforts. ** The Biden administration has approved what is expected to be the nation’s largest offshore wind farm yet, it announced Tuesday. …
** The Biden administration is announcing it will spend $1.3 billion of new federal funding to help create three new, massive electrical transmission lines in the Southwest and New England, in an effort to improve the nation’s power grid and get more renewable energy into America’s homes and businesses. ** Hedge funds are laying bets on uranium, …
** The Scheduled Special Meeting of the Oklahoma Space Industry Development Authority (OSIDA) scheduled for November 1st, 2023 has been cancelled. ** Cheniere Energy Partners, L.P.declared a cash distribution of $1.03 per common unit to unitholders of record as of November 6, 2023, comprised of a base amount equal to $0.775 and a variable amount …
** The Biden administration issued a federal plan Thursday to remove all remaining oil and gas infrastructure located off the California coast once they stop producing. ** Sen. Joe Manchin, D-W.Va., blasted the Biden administration Thursday for its actions delaying a major offshore oil and gas lease sale, and called for it to move forward with the sale within two …
