Focus on Utilities
LA public utility’s wildfire liability hinges on equipment’s role, Moody’s says
Moody's says LADWP's liability for the Palisades Fire hinges on equipment involvement; damage to assets deemed manageable.
State auditor questions utility SoCal Edison’s fire risk modeling
Fire officials have not found SCE to be responsible for the fires, but the company's infrastructure is being investigated.
US announces nearly $23 billion in loans to energy utilities across 12 states
The financing will come through the energy infrastructure reinvestment program at the department's Loan Programs Office.
China reports problems at five reservoirs in Tibet after earthquake
Earthquakes have damaged dams in the past, particularly by setting off landslides and rockfalls.
Edison utility sued over role of equipment in LA wildfires, Bloomberg News reports
Edison International faces a lawsuit over California wildfires, alleged to be sparked by its equipment, shares drop 13 per cent.
Berlin considers full Uniper exit, targets deal after summer, sources say
Germany considers selling its full Uniper stake, exploring re-IPO or private equity sale amid post-crisis recovery plans.
Russia says Ukraine targeted infrastructure of gas pipeline to Turkey
Russia accuses Ukraine of drone strike on TurkStream gas pipeline as Kyiv halts Russian gas transit, escalating energy tensions.
US official warns Puerto Rico of weak power generation as it prepares for a Trump administration
US Energy Sec warns Puerto Rico needs more power generation amid ongoing blackouts and grid struggles post-hurricane.
UK gas reserves ‘concerningly low’: Biggest supplier
The government is "confident" the country "will have a sufficient gas supply and electricity capacity to meet demand this winter."
Constellation Energy to buy Calpine in blockbuster $16.4 billion US power deal
The deal comes at a time when electricity demand is expected to rise to record highs.
