Home / Business (page 2)

Business

NC regulator OKs Duke Energy-Piedmont Natural Gas merger

Duke Energy, pollution, divestment

CHARLOTTE, N.C. (AP) — North Carolina regulators are allowing Duke Energy to expand from being the country’s largest electricity company to selling natural gas. Duke Energy Corp. said in a statement Thursday that the North Carolina Utilities Commission has allowed its acquisition of Piedmont Natural Gas Co. The regulatory approval is the last needed for the deal. The transaction is ...

Read More »

SEC: Weatherford International oil firm to pay $140M fine

tax fraud, Weatherford International

HOUSTON (AP) — Oilfield-services company Weatherford International PLC has agreed to pay a $140 million fine to settle government claims that it used fraudulent tax accounting to inflate its earnings. The Securities and Exchange Commission announced the settlement Tuesday with Weatherford, which is based in Switzerland and has major operations in Houston. According to a settlement order, Weatherford issued financial ...

Read More »

North Dakota asks pipeline company to explain ranch purchase

cannonball-ranch

BISMARCK, N.D. (AP) — North Dakota Attorney General Wayne Stenehjem is asking the developer of the four-state Dakota Access oil pipeline to explain its purchase of a ranch where a protest turned violent earlier this month. Texas-based Energy Transfer Partners recently purchased the 7,000-acre ranch last week for an undisclosed price. Stenehjem is giving the company 30 days to say ...

Read More »

Vattenfall gets EU green light to sell German coal assets

Wyoming coal

BERLIN (AP) — Energy company Vattenfall AB says it has received approval from the European Commission to sell its loss-making coal assets in Germany. The Swedish state-owned company said Thursday that it expects the transfer to Czech energy company EPH and private equity group PPF Investments to be completed in the coming weeks. The assets include four active mines and ...

Read More »

No new coal? Objections to Wyoming coal mine to be heard

Coal Mining in Wyoming. Photo: US Department of Interior.

CHEYENNE, Wyo. (AP) — A state regulatory board plans to consider whether Wyoming’s first major new coal mine in decades should proceed despite the objections of two landowners. A subsidiary of Lexington, Kentucky-based Ramaco seeks to develop the Brook Mine north of Sheridan. The Wyoming Environmental Quality Council on Wednesday will discuss a possible order allowing Brook Mining Company to ...

Read More »

Clinton, Trump poised for must-see debate showdown

presidential debate

HEMPSTEAD, N.Y. (AP) — With millions watching and the American presidency on the line, Hillary Clinton and Donald Trump are poised for a must-see showdown Monday night, pitting the Democrat’s call for steady, experienced leadership against the Republican’s pugnacious promises to upend Washington. The 90-minute televised debate comes six weeks before Election Day and with early voting already getting underway ...

Read More »