Utility News

Reuters:

Nobel Peace Prize winner and environmental crusader Al Gore urged young people on Wednesday to engage in civil disobedience to stop the construction of coal plants without the ability to store carbon…

“If you’re a young person looking at the future of this planet and looking at what is being done right now, and not done, I believe we have reached the stage where it is time for civil disobedience to prevent the construction of new coal plants that do not have carbon capture and sequestration,” Gore told the Clinton Global Initiative gathering to loud applause.

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Allentown Morning Call:

Between Jan. 1 and Aug. 31, PPL cut electricity to 28,561 customers, according to figures released last week by the Pennsylvania Public Utility Commission.

That’s a boost of 111 percent over the number of PPL customers whose power was shut off during the same period in 2007.

The number of people who’ve lost electricity statewide is up as well versus the same period last year, but only by 24 percent.

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HomeTownAnnapolis.com:

After watching Constellation Energy’s stock tumble 60 percent since Monday, famed investor Warren Buffet stepped in this morning to buy the Baltimore-based utility for $4.7 billion.

The transaction announced shortly after 9 a.m. has Mr. Buffet’s MidAmerican Energy Holdings Co. engaging in a cash-and-stock deal to buy Constellation — the parent of Baltimore Gas and Electric Co., which provides gas and electricity to most homes in Anne Arundel County.

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Dow Jones via Lloyd’s:

Power went out for as many as 350,000 Entergy Corp. (ETR) customers in and around New Orleans, La., the regional electricity company reported Monday, as Hurricane Gustav lashed areas of coastal Louisiana with rains that witnesses described as horizontal.

Gustav whipped up shrieking winds, fearsome rain and isolated tornadoes as it made landfall just before 1500 GMT Monday west-southwest of Cocodrie, La., about 70 miles southwest of New Orleans.

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