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The Environmental Protection Agency (EPA) is facing a $528 million cut to its funding under the Interior and Environment Appropriations bill reported out of committee July 18. While Democrats on the House Appropriations Committee expressed disappointment in the deep cut, it could have been worse. The Trump administration’s budget request, released in late May, proposed […]

In negotiating the Senate’s fiscal year 2018 (FY18) Energy and Water (E&W) Development Appropriation’s bill, Sen. Lamar Alexander (R-Tenn.), chairman of the Senate appropriations subcommittee on energy and water development, had no time for President Donald Trump’s proposed cuts to the Department of Energy budget. “We started with an unrealistic budget proposal from the president. […]

The Trump administration wants to revitalize the coal industry, but they will not do so by imposing regulation on the natural gas industry, Secretary of Energy Rick Perry told reporters July 18 at a joint press conference with International Energy Agency Executive Director Fatih Birol. “Would the Department of Energy (DOE) be a participant in […]

A spokesman for Dominion Energy said the company will begin working on a new plan for dealing with leaking piles of coal ash at a retired coal plant in Virginia after a federal judge ruled the company’s current remediation at the site is not acceptable. U.S. District Judge John Gibney Jr. on July 13 ordered […]

A federal judge has let stand Illinois’ zero-emission credit (ZEC) program, dismissing challenges filed by power producers who said the initiative subsidizes nuclear power at the expense of other resources. Judge Manish S. Shah of the U.S. District Court for the Northern District of Illinois on July 14 ruled in favor of motions by the […]

Dynegy this week announced it will sell three more power plants to reduce debt as it works to satisfy an agreement with the Federal Energy Regulatory Commission (FERC) reached after the company’s $3.3 billion purchase of French energy giant Engie’s U.S.-based assets earlier this year. Houston, Texas-based Dynegy said it has agreed to sell its […]

Power News Don't miss these POWER magazine resources: Post Jobs | View Jobs | Buyers' Guide NRG’s New Plan: Sell Assets, Change Focus, Raise Cash NRG Energy said it will sell as much as $4 billion in assets as it seeks to lower its debt and cut costs after a revolt by activist investors unhappy […]

NRG Energy said it will sell as much as $4 billion in assets as it seeks to lower its debt and cut costs after a revolt by activist investors unhappy with the company’s direction. Shares of the company jumped 29% to a two-year high on July 12 after NRG announced the moves as part of […]

House of Representatives appropriators July 12 took up their responses to President Donald Trump’s controversial fiscal year 2018 (FY18) budget requests for the Department of Energy (DOE) and the Environmental Protection Agency (EPA). Both bills were favorably reported out of their respective markups. The House FY18 Energy and Water Appropriations Bill, which funds DOE, came […]

A bipartisan group of U.S. senators has announced plans to reintroduce legislation called the FUTURE Act, which would extend and expand the federal 45Q tax credit for carbon dioxide capture and sequestration. The bill has the support of both fossil fuel companies and environmental groups. At present, the 45Q provision awards $10 per metric ton […]