PG&E Statement on First Day of NTSB Hearings

Pacific Gas and Electric Company today issued the following statement by Chris Johns, President of PG&E, at the conclusion of the first day of National Transportation Safety Board (NTSB) hearings: “We appreciate the opportunity to participate in today’s hearings and applaud the NTSB for its diligent effort to examine critical pipeline... 

BP workers could have prevented rig accident: commission

BP had workers on the doomed Deepwater Horizon rig who could have prevented the missteps that led to the massive Gulf of Mexico oil spill, but they were not consulted, the White House oil spill commission said on Thursday. In an expanded report on the causes of the BP drilling disaster that killed 11 workers and ravaged the U.S. Gulf coast last summer,... 

Rising Costs Threaten Utility Sector’s Large Dividends

To combat rising costs, companies in the Electric Utilities Sector have been looking to mergers and acquisitions to keep profits steady and maintain their healthy dividends. Stricter environmental regulations require that any new power plants built that are large enough to produce 75,000 tons of carbon dioxide a year must use the best available control... 

Is Natural Gas Set to Rebound in 2011?

2010 marked a year that most natural gas investors would like to forget. The reason for the drop in prices and stocks was simply supply and demand. Natural gas supplies have grown in recent years as new technologies have made it easier for producers to unlock previously unreachable reservoirs in onshore shale formations. Some natural gas producers have... 

Forensic Expert Discovers Elaborate Forgery of Plaintiffs’ Signatures Authorizing 2003

Chevron Corporation today submitted expert analysis from a leading forensic specialist demonstrating that many of the signatures on the document purporting to authorize the lawsuit against Chevron in Lago Agrio, Ecuador, were forged. According to Chevron’s filing, this newly uncovered evidence of forgery and fraud makes clear that the lawsuit has... 

Hydrogen milestone moves energy independence one step forward

Big things often come in small packages. That’s certainly the case with the potential created by recent successes in hydrogen research at Idaho National Laboratory. Steve Herring, technical director of the High Temperature Electrolysis Nuclear Hydrogen Initiative, holds in his hand a solid-oxide electrolysis cell no larger than a standard CD.... 

Can CA Economy Afford Climate Policies?

As political pressure mounts to delay California’s ambitious global warming policies, a new report from University of California researchers examines the economic impacts of putting the Governor’s climate program on hold. Energy Prices and California’s Economic Security, a project sponsored by Next 10, a nonpartisan, nonprofit organization,... 

Crosstex Completes Sale of Seminole Gas Processing Plant and Another Asset for $105.0 Million; Amends Debt Covenants

Crosstex Energy, L.P. announced that it continues to execute its near-term operating strategy to increase liquidity, reduce leverage and improve profitability. The Partnership has completed the sale of its undivided 12.4 percent interest in the Seminole gas processing plant to plant operator Hess Corporation for $85.0 million. In addition to the Seminole... 

ShengdaTech, Inc. Engages KPMG as New Independent Auditor

ShengdaTech Inc., a leading manufacturer of nano precipitated calcium carbonate and a major manufacturer of coal-based chemical products in Shandong Province, PRC, today announced that it has engaged KPMG as its new independent registered public accounting firm, effective November 11, 2008. KPMG replaces Hansen, Barnett & Maxwell, P.C., which was... 

Russian Generator Set Market – Generating Enough Opportunities?

The global financial turmoil of the past few months has interrupted the outstanding growth pattern of the Russian Generator Set market, making the future hard to predict. The question now is, “Are we experiencing a hiccup or is this stall going to define this market in the future?” Certainly, the trend until this summer has been strong market...