Energy companies that leave customers without power for more than 24 hours because of the effects of storms or bad weather are to face stiffer financial penalties after the regulator Ofgem announced it is more than doubling the fines it can impose.
Kyrgyzstan has imported 72.5 million kWh of electricity from Tajikistan as of 1 July 2014, according to the results of socio-economic development of Kyrgyzstan in January-June 2014 prepared by the Government.
The Nederlandse Energiemaatschappij (NLE) is looking to enter the telecom market, founders Pieter Schoen and Harald Swinkels told De Telegraaf. Schoen said NLE has a good insight into the loyalty of customers and whether they would be willing to switch to a new operator or take a triple-play package.
Communities throughout the Puget Sound region would need overpasses and underpasses costing $50 million to $200 million each to prevent traffic from being stopped by a proposed 18 daily coal trains, a government report says.
UK energy company Centrica plc (LON:CAN) said its North American unit Direct Energy will divest its Ontario home services operations to local sector player EnerCare Inc (TSE:ECI) for CAD550m (USD512m/EUR380m). At present, Direct Energy holds almost 1.9m home services contracts in the particular Canadian province for the provision of plumbing, heating, ventilation, air conditioning and other related services. It is serving most of the clients through a joint arrangement with EnerCare as it owns the water heater assets. The business recorded an EBITDA of CAD37m in 2013. Commenting on the deal, Direct Energy's president and CEO, Badar Khan, noted that these activities in Ontario no longer form a material part of its business. Moreover, the company seeks to concentrate on opportunities in the US and the Canadian province of Alberta. The agreed transaction excludes Direct Energy's Airtron services business and other residual services franchises in Ontario. Under the terms of the deal, EnerCare will pay with CAD450m in cash and CAD100m worth of own stock. Completion is scheduled for later this year, subject to regulatory clearance. Country: Canada Sector: Business and Consumer Services Target: Direct Energy's Ontario home services operations Buyer: EnerCare Inc Vendor: Direct Energy, Centrica plc Deal size in USD: 512m Type: Divestment Financing: Cash & Stock Status: Agreed
| Jul 25 - McClatchy-Tribune Regional News - Jerry Zremski The Buffalo News, N.Y.
Shipments of liquid nuclear waste over the Peace Bridge could begin as soon as September 2015, the office of Rep. Brian Higgins said as the Buffalo congressman demanded that the federal government do a full environmental review of the shipments before they begin.
ABB's Power Consulting team is uniquely positioned to support customers with economic and technical capabilities to address new industry regulations including FERC Order 1000, NERC Reliability Standards and new EPA carbon-emission mandates.