Enduring the tough economic climate that all utilities have faced over the last year, Public Service Enterprise Group (PSEG) was a bright spot on Thursday as the Newark, NJ-based electricity and natural gas distributor and electricity generator reported income from continuing operations for 4Q2009 of $349 million (69 cents/share), up 47% from the $237 million (46 cents/share) that the company posted in 4Q2008.
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Gazprom to Establish a ‘Strong Position’ in Global Emissions Trading
Russian-based natural gas behemoth Gazprom has added a new wrinkle to its all-out plunge into North American energy markets by riding the climate change wave and the focus on reducing carbon emissions, according to John Hattenberger, president and managing director for Gazprom Marketing and Trading USA Inc.
Xcel CEO: Waxman-Markey Impact Varies
Utility industry executives generally support some form of a federal climate bill, but the proposed bill introduced last month by House Energy and Commerce Committee Chairman Henry Waxman (D-CA) and Rep. Edward Markey (see NGI, May 25), may be “too aggressive” for some regions and some individual utilities in terms of meeting greenhouse gas (GHG) emissions reduction goals, according to Xcel Energy CEO Dick Kelly.
Xcel CEO: Waxman-Markey Impact Varies by Company
Utility industry executives generally support some form of a federal climate bill, but the Waxman-Markey proposal may be “too aggressive” for some regions and some individual utilities in terms of meeting greenhouse gas (GHG) emissions reduction goals, according to Xcel Energy CEO Dick Kelly.
Analysts: Cap-and-Trade ‘Neutral’ for Gas
Climate change legislation approved last month by the House Energy and Commerce Committee would likely be neutral for natural gas but would certainly make renewable energy technologies big winners. Coal would be the loser, according to analysts at Raymond James & Associates Inc.
Analysts Say Cap-and-Trade ‘Neutral’ for Natural Gas
Climate change legislation approved last week by the House Energy and Commerce Committee would likely be neutral for natural gas but would certainly make renewable energy technologies big winners. Coal would be the loser, according to analysts at Raymond James & Associates Inc.
Pickens Plan Has Little Pull with Trucker Group
A cornerstone of the much-promoted plan by oil and gas billionaire T. Boone Pickens to relieve American dependence on foreign oil and combat climate change calls for natural gas to be widely used as a transportation fuel, particularly by the long-haul trucking industry. However, cost, infrastructure and logistics challenges make such a goal highly problematic, according to trade group American Trucking Associations (ATA).
Pickens Plan Has No Truck with 18-Wheeler Crowd
A cornerstone of the much-promoted plan by oil and gas billionaire T. Boone Pickens to relieve American dependence on foreign oil and combat climate change calls for natural gas to be widely used as a transportation fuel, particularly by the long-haul trucking industry. However, cost, infrastructure and logistics challenges make such a goal highly problematic, according to trade group American Trucking Associations (ATA).
Warmer Oceans Could Bring Fewer Hurricanes, NOAA Says
Warmer ocean waters could mean fewer Atlantic hurricanes striking the United States, according to new findings by climate scientists at the National Oceanic and Atmospheric Administration (NOAA).
Warmer Oceans Could Bring Fewer Hurricanes, NOAA Says
Warmer ocean waters could mean fewer Atlantic hurricanes striking the United States, according to new findings by climate scientists at the National Oceanic and Atmospheric Administration (NOAA).