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PES up against the clock to sell Philadelphia refinery in cash crunch

5 hours ago DieselGasoil Comments Off on PES up against the clock to sell Philadelphia refinery in cash crunch
NEW YORK (Reuters) – Finding a buyer for Philadelphia Energy Solutions’ oil refinery has grown urgent as the bankrupt company’s funds dwindle and no signs emerge that it is winning a fight for insurance payouts after a June blaze at the plant, according to court documents and bankruptcy experts. FILE PHOTO: The Philadelphia Energy Solutions Read More

Court leaves PG&E with sole right to submit bankruptcy plan

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FILE PHOTO: A PG&E truck carrying an American Flag drives past PG&E repair trucks in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage (Reuters) – A federal judge on Friday allowed PG&E Corp to retain the sole rights to propose a plan to exit bankruptcy, as he rejected efforts by investors to put forward competing Read More

Just Energy Announces Appointment of Walter M. Higgins III to Board of Directors

2 days ago DieselGasoil Comments Off on Just Energy Announces Appointment of Walter M. Higgins III to Board of Directors
TORONTO, Aug. 15, 2019 (GLOBE NEWSWIRE) — Just Energy Group Inc. (TSX:JE; NYSE:JE) (“Just Energy”), as previously announced, Mr. Walter M. Higgins III has been appointed to Just Energy’s Board of Directors, as an independent director. Mr. Higgins is currently the Chairman of the Board of South Jersey Industries Inc. Prior to this position, Mr. Read More

Investor-owned utilities served 72% of U.S. electricity customers in 2017

2 days ago DieselGasoil Comments Off on Investor-owned utilities served 72% of U.S. electricity customers in 2017
August 15, 2019 According to the U.S. Energy Information Administration’s (EIA) electric power sector survey data, almost 3,000 electric distribution companies—or utilities—were operating in the United States in 2017. EIA classifies utilities into three ownership types: investor-owned utilities, publicly run or managed utilities, and cooperatives. Although there are fewer investor-owned utilities than the other two Read More

Just Energy Reports Fiscal First Quarter 2020 Results

2 days ago DieselGasoil Comments Off on Just Energy Reports Fiscal First Quarter 2020 Results
Previously Announced Strategic Review ProgressingBase EBITDA from Continuing Operations of $24.2 MillionBusiness Remains Strong with Embedded Gross Margin of $2.1 BillionCommon Share Dividend Suspended as part of Strategic ReviewWalter M. Higgins III has been appointed to the Board of Directors TORONTO, Aug. 14, 2019 (GLOBE NEWSWIRE) — Just Energy Group Inc. (TSX:JE; NYSE:JE) (“Just Energy” Read More

Greenbacker Acquires 9.27 MW of Solar Energy Projects from BNRG Renewables Ltd.

4 days ago DieselGasoil Comments Off on Greenbacker Acquires 9.27 MW of Solar Energy Projects from BNRG Renewables Ltd.
New York, NY, Aug. 13, 2019 (GLOBE NEWSWIRE) — Greenbacker Renewable Energy Company LLC (“the Company”) announced today that, through a wholly-owned subsidiary, it purchased the rights to a 9.27 megawatt (MW) portfolio of three solar projects (the “OR Solar Portfolio”) from a subsidiary of BNRG Renewables Ltd. (“BNRG”). BNRG was advised by the principals Read More

Idling LNG tankers hint at increasing appeal of floating storage

4 days ago DieselGasoil Comments Off on Idling LNG tankers hint at increasing appeal of floating storage
By Anna Shiryaevskaya and Naureen S. Malik on 8/13/2019 LONDON (Bloomberg) – Liquefied natural gas tankers are taking longer-than-usual journeys to deliver cargoes and spending more time idling at sea in a sign some traders are starting to use vessels for storage. There may be other reasons for keeping the cargoes on the water, including Read More

Fast jets, spy planes and helicopters: On board the warships ready to strike Iran

5 days ago DieselGasoil Comments Off on Fast jets, spy planes and helicopters: On board the warships ready to strike Iran
Fast jets, spy planes and helicopters fly scores of sorties every day from a US aircraft carrier in the Arabian Sea, positioned within striking distance of Iran. President Donald Trump moved USS Abraham Lincoln and other warships into the region in May, slightly sooner than planned, as tensions grew between Washington and Tehran. Officers say Read More

Greta Thunberg, on German coal mine visit, questions 2038 fuel exit date

7 days ago DieselGasoil Comments Off on Greta Thunberg, on German coal mine visit, questions 2038 fuel exit date
FRANKFURT (Reuters) – Swedish teenage climate activist Greta Thunberg, on a visit to a German anti-coal protest camp, questioned whether the country should continue to use the fuel to generate power for another 20 years as the government plans. Thunberg, the most visible spokeswoman of the Fridays for Future movement of students striking to demand Read More