Pepco Holdings Inc. and Exelon Corp. are among the electric utilities seeking authority to raise customer rates or take other steps to recoup costs of meeting U.S. demands to protect the nation’s power grid from hackers.
Hurricane Irene killed at least 40 people as it moved from the Caribbean through New England, left an estimated $2.6 billion in damage and cut power to almost 8 million homes and businesses along the U.S. East Coast.
Washington-area residents who are still collecting themselves after a 5.8-magnitude earthquake are bracing for the arrival of Hurricane Irene tonight and into tomorrow as they stock up on food and water and prepare for extended power outages.
Calpine Corp., the largest U.S. producer of natural gas-fueled power, is nearing an agreement to buy Pepco Holdings Inc.’s Conectiv Energy unit for more than $1.5 billion, said a person with knowledge of the matter.
Hurricane Irene killed at least 18 people from Puerto Rico to Connecticut, caused an estimated $3 billion in damage and cut electric power to more than 4 million homes and businesses across the eastern U.S.
The determination by Congress and President Barack Obama’s administration to protect networks of critical U.S. industries from hackers and cyberspies is creating an explosive growth opportunity -- for lobbyists.
Sixty-eight large U.S. corporations paid no state income tax in at least one of the past three years and 20 had an average tax rate of zero or less in that period, according to a report by the Institute on Taxation and Economic Policy.
Fairfield Greenwich Group, the hedge fund that steered $7 billion to Bernard Madoff, faces new claims of fraud by investors who previously alleged negligence against co-founders Walter Noel, Jeffrey Tucker and Andres Piedrahita.
Microsoft Corp.’s shareholders deserve the kind of dividends paid by utilities, telephone companies and cigarette makers, according to a hedge-fund manager cited by Whitney Tilson, a managing director of T2 Partners LLC.