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Power outage hits 2,800 customers in Knightdale area
— An equipment problem knocked out power to about 2,800 Progress Energy customers in the Knightdale area Thursday morning, Duke Energy said. Crews were working to repair the problem. Progress showed 2,849 customers were without electricity after the system from The News & Observer Read more »
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Federal regulators to discuss safety lapses at Shearon Harris
Energy's Shearon Harris nuclear facility near Raleigh is one of 3 nuclear plants it operates. News & Observer file photo The Nuclear Regulatory Commission’s upcoming public presentation on the performance of the Shearon Harris nuclear plant will feature something from The News & Observer Read more »
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S&P raises Duke Energy outlook to ‘stable’
negative to stable, saying the Charlotte-based company had effectively handled issues that arose in its merger with Progress Energy last year. In July the ratings agency lowered Duke’s corporate credit rating from A- to BBB+ with a negative outlook, saying from Charlotte Observer Read more »
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Petronas bolsters Brazil's Batista with $850 million oil-field buy
blocks. The OGX sale extends a Petronas buying spree that includes a $5.1 billion acquisition of Canadian oil and gas company Progress Energy Corp. Petronas gets 40 percent of the BM-C-39 and BM-C-40 blocks northeast of Rio de Janeiro. The blocks contain the from Reuters Mobile Read more »
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Petronas to Buy Brazilian Oil-Field Stakes
last year's 5.18 billion Canadian dollar ($5.16 billion) acquisition by the Malaysian company, known as Petronas, of Progress Energy Resources Corp. Petronas's Canadian deal was overshadowed by an even bigger deal that occurred around the same time, when China's from Wall Street Journal Read more »