Edison Mission Energy, the unregulated generating unit of Edison International, filed for bankruptcy and said it reached agreement on a reorganization plan with its parent and holders of its $3.7 billion in debt.
The Omaha Public Power District will delay restart of the 482-megawatt Fort Calhoun reactor in Nebraska until the first quarter after “discovering areas that need additional work,” said Jeff Hanson, a utility spokesman.
The future of President Barack Obama ’s plans to redesign the U.S. energy system with low- emission nuclear plants may hinge on reactors across the Pacific Ocean as Japan’s nuclear disaster renews a debate about the safety of plants.
Progress Energy Inc. Chief Executive Officer Bill Johnson was a ‘terrific communicator’ and not the autocrat Duke Energy Corp. CEO James Rogers described in a hearing on why Johnson was ousted from the combined company’s leadership, former Progress Energy director John Mullin III said.
U.S. plans to upgrade the nation’s aging pipeline networks, which may cost an estimated $50 billion, will provide profit growth opportunities at regulated utilities such as PG&E Corp. and Sempra Energy.
President Barack Obama’s proposed carbon-dioxide rules for power plants effectively prohibit new coal power plants, buttressing a shift away from a power source that fueled the Industrial Revolution to cheap natural gas.