Energy prices drive Europe inflation to highest since 2008
The overall inflation level was boosted by a jolting 17.4% increase in energy prices. Core inflation, which excludes volatile fuel and food, was more modest at 1.9%.
America’s next hot import might be record energy prices
Today’s high energy prices could be a preview of coming attractions—a real horror movie if this winter is cold.
Americans brace for utility bill sticker shock
Costs for oil, natural gas and electricity are climbing, creating a perfect storm for America's utility bills.
Stock market turns cautious as ‘defensive’ shares surge
Some of the hottest stocks in the U.S. are pointing to an economic cool-down.
PG&E warns California customers it could shut off power to prevent wildfires
Utility firm Pacific Gas & Electric warned some customers in Northern California that it may have to “proactively turn off power for safety” this week amid weather conditions that increased the risk of wildfires in the region.
How to conserve electricity during a dangerous heat wave
As sweltering summer heat impacts the U.S., power utility companies are urging customers to conserve energy.
Your utility bill may rise as Biden pushes tax hikes
President Biden's proposed corporate tax hike could have unintended consequences on middle-class Americans.
Despite Colonial Pipeline attack, likelihood of utilities sector hack has increased
A key metric that indicates vulnerability to cyberattacks has increased since the start of the year, a cybersecurity firm says.
Texas power retailer Griddy heads toward bankruptcy filing
State regulators have barred the energy supplier after it charged customers big electricity-price increases during freeze.
Texas power market is short $2.1 billion in payments after freeze
The financial consequences of the Texas blackouts are beginning to emerge in the state's electricity market, with some players failing to pay for power they purchased last week and others disclosing sizable losses.
Southern California Edison to pay $2.2B to settle wildfire claims
Southern California Edison will pay $2.2 billion to settle insurance claims from a deadly, destructive wildfire sparked by its equipment in 2018, the utility announced Monday.
Power outages top 2M as Zeta roars through South, could take days to get back
Millions across the South are without power Thursday as a fast-moving Zeta barrels northeast as a tropical storm with dangerous winds threatening to spread more misery along the East Coast.
Wildfire risk in California prompts PG&E power cuts to 361,000 customers
Hundreds of thousands of customers are without power in northern and central California Monday after the nation's largest utility conducted its largest shutoff of the year to prevent wildfires.
California faces most dangerous fire weather of year; PG&E lowers wildfire safety blackouts
The nation's largest utility will cut power to hundreds of thousands of customers Sunday as California faces its most dangerous winds of the year in a state that's already endured the worst wildfire season in history.
Wildfire safety blackouts in California impact 37,000 PG&E customers, will last till Friday
Tens of thousands of Pacific Gas and Electric Company customers in North California may have their power out until Friday after the utility said it was cutting power due to high winds raising the risk of wildfires.
Wildfire safety blackouts in California may impact 50,000 PG&E customers
Tens of thousands of Pacific Gas and Electric customers in Northern California could lose their power as early as Wednesday night, one week after planned outages rippled through the region.
Wildfire safety blackouts in California by PG&E could leave homes without power till Friday
A return of bone-dry humidity and gusty winds Wednesday in Northern Calfornia during the peak of wildfire season is expected to result in power outages for tens of thousands of customers that could last until Friday.
Power outages in Northern California may impact 50,000 PG&E customers in safety shutoffs
The nation's largest utility warned customers on Monday it may have to cut power to portions of 21 counties in Northern California due to the region expected to see strong winds and high temperatures that may lead to wildfires.
California utility may cut power to reduce wildfire risks as equipment probed in deadly blaze
The nation's largest utility said Sunday it may need to cut power in parts of Northern California this week due to increasing wildfire risk as its equipment is being investigated for possible links to another blaze.
California rolling blackouts during summer heat wave caused by 3 main factors, report says
The first statewide power outages in California in nearly 20 years that left the state with rolling blackouts in August was due to a combination of factors that included an "extreme heat storm," according to a report released Tuesday.