SAN FRANCISCO (AP) — California’s largest utilities said Friday that they will spend about $13 billion to reduce the risk of wildfires following the worst fire season in modern state history and a string of blazes that were blamed on …
The financial risk posed to companies by natural disasters keep growing and growing, and the size of potential losses is just eye-popping. Moody’s Investors Service says 18 sectors have a combined $7.2 trillion of debt with “high inherent exposure to …
BOSTON (AP) — A storm packing a mix of heavy rains and winds knocked out power to thousands of homes across the Northeast region Christmas morning. There were more than 7,000 customers without power early Friday in Massachusetts. State officials …
NEW YORK — In the past, home offices were often an afterthought: Ill-equipped, cramped, and a little dusty from only occasional use. Now in 2020, many home offices are looking more like the command center at NORAD: Multiple screens, high-tech …
SAN FRANCISCO — When Pacific Gas & Electric cut power to large swaths of wildfire-prone Northern California last fall, few of the emergency personnel managing the blackouts for the nation’s largest utility had learned the fundamentals of managing an emergency …
NEW YORK — More than 695,000 homes and businesses in the New York tri-state area were still without electricity at midday Saturday as utilities continued trying to get the lights on four days after Tropical Storm Isaias. Tuesday’s storm dealt …
U.S. utilities are scrutinizing their suppliers of transformers and other power-grid equipment for ties to China as they await details on President Donald Trump’s order to crack down on imports from overseas adversaries. Electric companies are trying to preemptively identify …
Nuclear power plants can now implement longer shifts for workers and delay some inspections, raising concerns that as the coronavirus pandemic upends basic operations the industry may be bending the rules too far. The Nuclear Regulatory Commission is already allowing …
March 5 — Lawmakers in at least five U.S. states have proposed bills since mid-February to prevent cities from banning natural gas as an energy source in new buildings, marking an escalation in the national battle over the fuel’s role …
Fires and floods are sending some of the nation’s largest utilities to the bond market to cover huge, unexpected bills. California’s PG&E Corp., which was forced into bankruptcy a year ago after its equipment sparked the deadliest wildfire in state …