Energy Update
NEW YORK, Sept 25 (IFR) - The rebound in oil prices has not been enough to stop the bleeding at many US energy companies, whose bonds keep weakening - and whose ability to muster fresh capital is dwindling away.
U.S. Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced Sept. 23 that 343,833 acres offshore New Jersey will be offered for commercial wind energy development in a competitive lease sale on Nov. 9, 2015.
With 2014 NEC adoption in full swing, many are anticipating what the next version of the code will hold for the PV industry.
LONDON, Sept 25 (Reuters) - The rush by VW's boss to quit because of the emissions scandal has drawn criticism from some of the company's leading investors, who expect more bad news that could damage Martin Winterkorn's successor.
Batteries that allow large users to lower their reliance on the most expensive electricity threaten to cripple sales for U.S. independent power producers and utilities, posing credit challenges, according to Moody’s Investors Service.
WOLFSBURG, Germany, Sept 25 (Reuters) - Volkswagen is expected to name Matthias Mueller, the head of its Porsche division, as chief executive on Friday and purge other managers to show it is acting decisively to end a crisis over its rigging of U.S.
* Graphic of Russian valuations: http://link.reuters.com/xyh55w
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