FirstEnergy Solutions begins bankruptcy

Attorneys for FirstEnergy Solutions and six affiliated debtors are to appear in U.S. Bankruptcy Court Tuesday to begin Chapter 11 proceedings before Judge Alan M. Koschik, a move that parent company FirstEnergy Corp. sees as...

Power companies see better margins on soaring summer demand

Power companies expect better margins this summer owing to higher electricity demand on the back of rising temperatures earlier than previous years. The short-term electricity tariffs discovered by state distribution companies seeking supply of...

India gets 1st US LNG shipment at Dabhol

India today received its first LNG cargo from the US under a long-term supply deal when a ship carrying super-cooled natural gas arrived at Dabhol in Maharashtra. A charter ship, MV Meridian Spirit arrived...