March 16, 2010 at 5:42 a.m.
Filed under:
Energy,
Government
By Ray Long in Springfield | With little debate, the Senate voted to drop the ban on
building nuclear power plants in Illinois. The measure was sent to the
House on a bipartisan 40-1 vote, with two lawmakers voting present.
Sen. Mike Jacobs, the East Moline Democrat who sponsored the
proposal, said Illinois should take advantage of the efforts by
President Barack Obama, a former Illinois state senator, to back some
nuclear power projects, citing federal support for a power plant in
Georgia.
Get the full story: Clout Street
March 12, 2010 at 7:40 a.m.
Filed under:
Earnings,
Energy,
Green
By Michael Oneal | Broadwind
Energy, a provider of windmill equipment and services based in
Naperville, reported a loss of $110.1 million for 2009 on
revenue of $197.8 million.
Much of the loss, came from a non-cash charge of $82.2 million for the
impairment of goodwill and other intangible assets, the company said in
a release. The charge stemmed largely from management’s reassessment of
how certain key customer contracts will perform over time, the
release said.
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March 10, 2010 at 7:31 a.m.
Filed under:
Autos,
Consumer news,
Energy
Associated Press | Each spring brings higher gas prices and this
year won’t be an exception. Motorists are likely to pay more than $3 a gallon, on average, during the peak summer driving season — but not much more.
Lingering effects of the recession, such as high unemployment, reduced shipping and limited business travel, are keeping a lid on energy demand in the U.S. And global oil supplies are on the rise. For now, these trends are providing energy markets with enough of a cushion to prevent geopolitical tensions from causing severe price volatility.
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March 10, 2010 at 5:41 a.m.
Filed under:
Energy,
Government
Illinois Statehouse News | Two years removed from Illinois’
“power wars,” consumer groups and lawmakers are lining up at the
statehouse in Springfield to oppose Ameren’s latest rate hike request.
Downstate’s
largest electricity giant has asked the Illinois Commerce Commission
for a $130 million increase to cover the cost of infrastructure
upgrades and power delivery. Ameren’s Leigh Morris said the utility
needs to keep up with power lines and a delivery system that stretches
from Galesburg to the southern tip of the state.
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March 8, 2010 at 12:48 p.m.
Filed under:
Education,
Energy
DePaul University has elected Anne R. Pramaggiore, the president and COO of Commonwealth Edison, to its board of trustees. Pramaggiore graduated from DePaul in 1989 and became ComEd’s first female president in May 2009, stressing that she hoped to change the company: “From the day I started at ComEd, dealing with ambiguity from the ground up has been what I do. It’s the most challenging job I’ve ever had,” she told the Tribune at the time.
March 8, 2010 at 12:02 a.m.
Filed under:
Energy
From Reuters | Exelon Chairman John Rowe said a cap-and-trade or a carbon tax are the only energy reform policies that would lead to cleaner energy, greater security, job
creation and lowest cost. Rowe made the remarks at a conference at MIT, adding that he thought chances of cap-and-trade passing are now “slim.” Chicago-based Exelon, is the country’s largest generator of nuclear power.
Get the full story: reuters.com
March 5, 2010 at 6:09 a.m.
Filed under:
Energy,
Jobs/employment
Associated Press | Company officials say there will be some 1,800 temporary jobs for union workers when Exelon begins a $300 million turbine-replacement project at the Quad Cities Nuclear Generating Station north of Cordova this month.
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March 2, 2010 at 8:06 a.m.
Filed under:
Energy,
Politics
Associated Press | Consumers would collect on-the-spot rebates
of $1,000 or more for buying insulation, water heaters or other
equipment to make their homes burn energy more efficiently under a
rebate program President Barack Obama is promoting.
Obama was traveling to Savannah, Ga., on Tuesday to outline the Home
Star program. Obama called for energy rebates in his State of the Union
address, and officials hope the plan will be as popular as last year’s
Cash for Clunkers money-back program for autos.
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March 1, 2010 at 1:53 p.m.
Filed under:
Crime,
Energy,
Litigation
Former Enron CEO Jeff Skilling leaves the federal courthouse in Houston after being sentenced to 292 months in federal prison on 19 counts of conspiracy, securities fraud, insider trading and lying. (David J. Phillip/AP, File)
Associated Press | The Supreme Court appears troubled by the selection of the jury that
convicted former Enron chief executive Jeffrey Skilling as well as the
use of a U.S. fraud law against him.
Several justices appeared receptive Monday to arguments by Skilling’s
lawyer that he did not have a fair trial in Houston, Enron’s hometown,
following the energy company’s 2001 collapse that cost thousands of
jobs and billions of dollars..
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March 1, 2010 at 11:11 a.m.
Filed under:
Energy,
Litigation
Dow Jones Newswires | The U.S. Supreme Court on today refused to consider an appeal by Exelon Corp. that sought more that $80 million in state investment tax credits from Illinois.
Exelon said it was entitled to the credits because subsidiary Commonwealth Edison Co. purchased and developed nearly $3 billion in property in 1995 and 1996. The Illinois Supreme Court agreed that Exelon qualified for the credits, but it barred the company from obtaining the credits retroactively.
March 1, 2010 at 6:43 a.m.
Filed under:
Energy
From the Chicago Sun-Times | ComEd said it plans to outfit 100 homes in the near western surburbs, and possibly the Near West Side, with solar panels, smart meters and other tool that will allow it to experiement with real-time hourly pricing.
Get the full story: suntimes.com
March 1, 2010 at 5:44 a.m.
Filed under:
Energy
From the Times of Northwest Indiana | Eileen O’Neil, former NiSource vice president and CEO of the energy company’s Northwest Indiana gas company NIPSCO, will continue to collect about $540,000 a year for two years after resigning.
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Get the full story: nwitimes.com
Feb. 24, 2010 at 7:56 a.m.
Filed under:
Earnings,
Energy
Dow Jones Newswires | Naperville-based Nicor Inc. reported a
surprise 15 percent jump in fourth-quarter profit as the company
benefited from higher rates and lower operating costs, but revenue slid
amid lower natural gas deliveries because of warmer weather.
Nicor, a gas distribution company whose operations are centered in
northern Illinois, was approved last year by state regulators to boost
rates some $80 million.
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Feb. 22, 2010 at 6:24 a.m.
Filed under:
Autos,
Energy
Tribune staff report | The average price of regular gasoline in the United States is down 3.29 cents over a two-week period to $2.63, according to the national Lundberg Survey of fuel prices released Sunday.
In the metro Chicago area, gas prices rose 3.9 percent in the last week to an average of $2.822 a gallon, according to the AAA Chicago Fuel Gauge. The AAA report said gas prices in the Chicago area have dropped 1.9 percent from the $2.722 a month ago.
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Feb. 16, 2010 at 7:23 a.m.
Filed under:
Energy
Tribune staff report | Fuel prices have decreased in Illinois and
northern Indiana during the past month amid declining oil prices and the strengthening of the U.S. dollar.
AAA Chicago’s Fuel Gauge Report estimates that in Illinois, regular unleaded gasoline has
decreased 15 cents during the past month, forecasting an average cost
of $2.69 per gallon for the month of February, which is still $.78
higher per gallon than last year.
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