Energy Update
WILMINGTON, Del., Dec 29 (Reuters) - Peabody Energy Corp
said on Thursday the deadline for creditors to join financing
deals aimed at bringing the largest U.S. coal miner out of
bankruptcy had been extended after large investors sued to slow
the process.
Dec 29 (Reuters) - U.S. crude oil stocks unexpectedly rose
last week, while gasoline and distillate product inventories
dropped, the U.S. Energy Information Administration said on
Thursday.
YEREVAN/BAKU, Dec 29 (Reuters) - Three Armenian servicemen
were killed in border clashes with Azeri soldiers, Armenia's
defence ministry spokesman said on Thursday, with each sides
accusing the other of encroaching on their territory.
Regulators in Maine last week said they need more time to review net metering rules for the state, leaving current rules in place for now.
LONDON, Dec 29 (Reuters) - Oil's plunge to its lowest in
over a decade and fears over China's economy hammered global
commodity markets and share prices earlier this year, but
investors who held their nerve will be partying the hardest this
holiday season.
China is reducing the amount of money it pays to newly completed solar and wind power generators for their electricity, in order to reflect declines in construction costs, the country’s price regulator and economic planner said Monday.
Albany Green Energy LLC applied Dec. 22 to the Federal Energy Regulatory Commission for acceptance of its market-based rate tariff effective Feb. 20, 2017, and for certain other blanket approvals.
While the renewables industry might be about to go into a nose dive in the U.S. because of the election of Donald Trump, some major tech giants are still hoping to go 100 percent green in the next year or so. Among them are Facebook, Apple and Google, with the latter promising that 2017 is set to be a landmark moment for the company.
MOSCOW, Dec 29 (Reuters) - A St Petersburg court has ordered
the chairman of Russia's Baltic sea port of Ust-Luga to be held
in custody until Jan. 21 after his arrest on suspicion of fraud,
a court official said on Thursday.
Electric utilities across the nation are in the midst of change. The concept of the electric utility of the future, or Utility 2.0, continues to gain momentum, market traction and financial backing.
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