Energy in America

Russian court freezes assets of major conglomerate

Sprawling Russian conglomerate Sistema says a court has frozen some of its assets to secure a pending $2 billion lawsuit from Russia's largest oil company, the state-owned Rosneft.

Business Highlights

___ Tax package would ease hit to residents of high-tax states WASHINGTON (AP) — Congressional Republicans are speeding toward an agreement on a massive tax package that would ease the hit on residents of high-tax states and appease corporations that could have lost precious tax breaks.

Top lawyer: Ratepayers 'holding the bag' on nuke project

More than 700,000 South Carolina power customers are unfairly "holding the bag," the state's top attorney told regulators Tuesday, obligated to pay over $2 billion in interest debt for a failed nuclear reactor construction project that has never generated any electricity and likely never will.

Regulators probing utilities' response to powerful storm

The agency that regulates utilities in Maine is opening an inquiry into the preparedness and response of electric companies following a powerful October windstorm that left more than half the state's population in the dark.

Paris hosts major climate summit _ and it's all about Trump

More than 50 world leaders are gathering in Paris for a summit that President Emmanuel Macron hopes will give new momentum to the fight against global warming, despite U.S. President Donald Trump's rejection of the Paris climate accord.

Michigan panel urges temporary shutdown of Mackinac pipeline

A government safety panel on Monday urged the temporary shutdown of twin oil pipelines in the Straits of Mackinac until their operator can finish inspections and repair coating gaps, after some members expressed concerns over a recent deal between the state and Enbridge Inc.

Business Highlights

___ Bitcoin futures soar amid frenzy over virtual currency NEW YORK (AP) — Wall Street got its first taste of bitcoin on Monday, with the price of the first-ever futures contract for the digital currency jumping 20 percent.

Global stocks mostly rise on economic growth hopes

Share prices were higher in Asia on Monday, lifted by encouraging employment data from the U.S. that took the Standard & Poor's 500 index to its third straight weekly gain on Friday despite weakness earlier in the week.

Asian shares advance following encouraging US jobs report

Share prices were higher in Asia on Monday, lifted by encouraging employment data from the U.S. that took the Standard & Poor's 500 index to its third straight weekly gain on Friday despite weakness earlier in the week.