California pipeline proposal could be in trouble

      The proposal to build a 65-mile natural gas pipeline through San Bernardino County, California, to Moreno Valley could be in trouble. Sempra Energy subsidiaries Southern California Gas and San Diego Gas & Electric sought rate increases to pay for the $621.3 million project, which they said is needed to secure a reliable … Read more

Nevada firm to pursue buy of TVA’s unfinished nuclear plant

A Nevada energy company said it wants to purchase an unfinished nuclear power plant from the Tennessee Valley Authority (TVA) and use the site in northeast Alabama to produce electricity with new technology. Michael Dooley, managing partner of Phoenix Energy of Nevada, told the Associated Press his company wants to use the mothballed Bellefonte Nuclear … Read more

Venezuela’s state-owned PDVSA has issued at least $310M in debt

Venezuela’s state-owned oil company, PDVSA, has issued at least $310 million in debt to companies including General Electric as it negotiates private issues to pay off its suppliers, industry sources told Reuters. The debt issues are stretching the finances of a company its bondholders already believe is nearing default, Kallanish Energy learns. The securities in … Read more

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