June 22, 2006 |
To capitalize on increasing electricity demand, NRG Energy Inc. plans to spend as much as $16 billion on new power plants in California and other states, including nuclear reactors in Texas, the Princeton, N.J., company said Wednesday. The 10-year expansion, to be financed through partnerships and borrowings, would increase the company's U.S. generation capacity by 46%, NRG said. The new plants would generate 10,500 megawatts, enough power for about 8 million average U.S. homes.
January 14, 2004 |
A federal appeals court on Tuesday overturned a rule, announced early in the Bush administration, that would have weakened the Clinton administration's energy efficiency standard for home air conditioners. The ruling was the latest blow to White House efforts to ease regulations that businesses consider too burdensome.
June 27, 1988 |
In what was termed a landmark development in the nationwide dispute over who should pay for nuclear power plants, California officials and Pacific Gas & Electric agreed today on a unique settlement of the controversy over the $5.5-billion Diablo Canyon facility. The proposed 30-year settlement calls for the plant's performance to dictate how much money PG&E will realize. The more electricity is generated by Diablo, the more revenue the San Francisco-based utility will realize.
November 7, 2000 |
The state Public Utilities Commission, which is investigating whether electricity generators profiteered in the California market this summer, said the power-plant owners are refusing to produce key documents and asked federal regulators for help. In a filing Monday with the Federal Energy Regulatory Commission, the PUC asked the federal commission to force several generators to respond to subpoenas for documents about their finances, costs and electricity trades.
May 21, 1990 |
The Supreme Court ruled unanimously today that the federal government has exclusive legal power over federally licensed hydroelectric power plants and that individual states cannot impose environmental regulations on the projects. Writing for the court, Justice Sandra Day O'Connor rejected the pleas of California, 43 other states and environmentalists seeking to give state agencies the authority to regulate water flow to power plants.
CALIFORNIA | LOCAL
April 16, 2002 |
SACRAMENTO -- Atty. Gen. Bill Lockyer sued two electricity companies Monday, alleging that they exert illegal control of California's electricity market and should be forced to sell power plants. Lockyer sued Reliant Energy of Houston and Mirant Corp. of Atlanta in federal court in San Francisco. He accuses the companies of violating federal antitrust laws, stifling competition and illegally driving up prices.
September 14, 2005 |
Duke Energy Corp. said Tuesday that it would close power plants in California as part of a plan to shut its money-losing wholesale power and trading business. The company, based in Charlotte, N.C., said it would be unable to turn a profit in its Duke Energy North America subsidiary without risking more money in trading and marketing.
July 24, 1990 |
Fluor Daniel, the engineering and construction arm of Fluor Corp., said Monday that it has been awarded a contract with an estimated value of $300 million to build a combined gas- and steam-fired power plant in Virginia. Under the contract from Doswell L.P., a subsidiary of Los Angeles-based Diamond Energy Inc., Fluor would build a 663-megawatt power plant in Hanover County, Va.
August 4, 2005 |
Power plant owner Calpine Corp. said Wednesday that its second-quarter net loss widened more than tenfold to $298.5 million, citing reduced generation as well as costs related to canceled service contracts and suspended plant construction. The company, based in San Jose, said its net loss widened to 66 cents a share, from $28.7 million, or 7 cents, in the second quarter of 2004. Sales rose to $2.23 billion from $2.22 billion. Calpine shares fell 56 cents to $3.