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Tag Archives: Chicago

Exelon closes deal to buy Pepco, creating largest US utility

California wildfires

NEW YORK (AP) — Exelon has completed its nearly $7 billion deal to buy Pepco, creating America’s largest electric utility company. The deal closed late Wednesday after the company received approval from its final regulator, almost two years after the company first made its offer for Pepco. The combined company becomes the largest electric utility company in the U.S., based on ...

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Amid fracking boom, cities fear explosive safety risk it can carry

CHICAGO – While the global fracking boom has stabilized North America’s energy prices, Chicago — America’s third largest city and the busiest crossroads of the nation’s railroad network — has become ground zero for the debate over heavy crude moved by oil trains. With the Windy City experiencing a 4,000 percent increase in oil-train traffic since 2008, Chicago and its ...

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6 counties cut from proposed ET Rover pipeline route

A large natural-gas transmission pipeline proposed for construction through southeast Michigan will now impact far fewer counties. A deal with an existing pipeline operator means the ET Rover pipeline will no longer be built in Oakland, Macomb, St. Clair, Genesee, Shiawassee and Lapeer counties, Rover Pipeline announced Monday. The pipeline, which still requires federal approval, would carry more than 3 ...

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Sandpiper oil line hearings begin Monday

The Minnesota Public Utilities Commission will take public testimony next week at five hearings across the state on the all-new Enbridge Energy Sandpiper pipeline set to run from Beaver Lodge, N.D., to Superior. This round of hearings is intended to focus primarily on the “need” for the new pipeline — both Enbridge’s need to serve their customers — oil companies ...

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1st responders take peek inside tank car in training exercise

train cars

About 60 first responders from a score of Chicago suburbs got an inside look, literally, at the type of railroad car used to haul thousands of gallons of crude oil, ethanol and other potentially hazardous materials through their communities each day. The Union Pacific Railroad and GATX Corp., which leases rail cars and locomotives, brought a specially outfitted rail car ...

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Kinder Morgan holds open season for pipeline to take Marcellus gas to Chicago

Kinder Morgan’s Natural Gas Pipeline Company of America (NGPL) launched a binding open season for companies to reserve space on the company’s proposed expansion of its Gulf Coast mainline system from the Rockies Express Pipeline interconnection in Moultrie County, Illinois, to points north. “This project will enable Chicago-area markets to diversify their gas supply portfolios and access additional prolific gas ...

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BRIEF: Committee delays action on fracking rules

The Illinois Legislature’s Joint Committee on Administrative Rules will have to hold a special meeting to act on rules that would govern horizontal hydraulic fracturing in the state in order to meet a state-imposed deadline to approve the regulations. The 12-member committee met Tuesday in Chicago to review the rules (along with 53 other items on its agenda) and said ...

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