USEC Inc., striving to justify federal loan guarantees for the completion of an Ohio uranium enrichment plant, has a new argument in its favor after a major customer placed a billion-dollar order for fuel from the facility.
The Bethesda, Md.-based enriched uranium supplier said nuclear reactor operator Exelon Generation Co. has placed a nearly $1.2 billion [...]
On June 17, U.S. Senator Sherrod Brown (D-Ohio), introduced the “Investments for Manufacturing Progress and Clean Technology (IMPACT) Act of 2009,” which would initiate a $30 billion revolving loan program to facilitate manufacturers shift resources into the clean energy industry. Details on this new legislation are available on Sen. Brown’s official website. The bill [...]
American Electric Power (NYSE: AEP), through its AEP Ohio unit, has signed a long-term power purchase agreement to purchase all the output of a 10.08-megawatt (MW) solar energy facility to be built in Ohio.
Through the 20-year agreement signed with Wyandot Solar LLC, a subsidiary of juwi solar Inc., AEP Ohio will purchase all of the [...]
According to officials in Cuyahoga County,Ohio, a new offshore wind development could be built in Lake Erie within three years.
The first phase of the project is expected to include three to five turbines, and would provide local manufacturing jobs for many who have been affected by massive cutbacks in the auto industry.
While the cost to [...]
OAK HARBOR, Ohio, Jan. 28 /PRNewswire-FirstCall/ — Representatives from the Japan Nuclear Technology Institute (JANTI) — one of the world’s leading nuclear energy organizations — will tour Davis-Besse Nuclear Power Station on January 30, 2009. Davis-Besse is operated by FirstEnergy Nuclear Operating Company, a subsidiary of Akron, Ohio-based FirstEnergy Corp. (NYSE: FE).
In addition to the [...]
COLUMBUS, Ohio (AP) — Oil prices dipped below $40 per barrel Friday for the first time this year as the government reported the nation’s worst annual job losses since World War II.
People are traveling less, manufacturers are slashing production and there are job cuts across almost every sector of the economy, leading to a severe [...]
By Marc Levy Associated Press Writer
HOUSTON, Pa. — Illuminated drilling rigs glow for miles from atop flattened hills when night falls in this rolling farm and coal country in southwestern Pennsylvania.
Tanker trucks back up traffic on two-lane roads, and Texans wearing heavy coats and muddy boots fill Shelley’s Pike Diner at lunch as land owners [...]
By MARK WILLIAMS
COLUMBUS, Ohio – Retail gasoline fell to a new three-year low Tuesday and in an unprecedented decline, crude oil costs $100 less per barrel than it did four months ago with a U.S. recession eating away at energy demand.
Analysts believe prices at the pump may finally be bottoming out after a precipitous [...]
COLUMBUS, Ohio – Oil prices tumbled below $50 a barrel Monday as National Bureau of Economic Research reported that the U.S. economy has been in a recession since December 2007 and the Dow Jones industrial average fell nearly 700 points.
A tandem of bleak economic reports led to an early decline even before the NBER report [...]
Oil Closes Below $50, Lowest Price Since May 2005
After rising to dizzying heights this summer, the oil market is suffering a hair-raising drop with no apparent end in sight.
Oil prices fell to their lowest level in more than three years, falling below $50 a barrel on Thursday, after shedding close to $100 in four months [...]
