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Exelon closes deal to buy Pepco, creating largest US utility

Exelon closes deal to buy Pepco, creating largest US utility

NEW YORK (AP) — Exelon has completed its nearly $7 billion deal to buy Pepco, creating America’s largest electric utility company. The deal closed late Wednesday after the company received approval from its final regulator, almost two years after the company first made its offer for Pepco. The combined company becomes the largest electric utility company in the U.S., based on ...

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Amid fracking boom, cities fear explosive safety risk it can carry

CHICAGO – While the global fracking boom has stabilized North America’s energy prices, Chicago — America’s third largest city and the busiest crossroads of the nation’s railroad network — has become ground zero for the debate over heavy crude moved by oil trains. With the Windy City experiencing a 4,000 percent increase in oil-train traffic since 2008, Chicago and its ...

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6 counties cut from proposed ET Rover pipeline route

A large natural-gas transmission pipeline proposed for construction through southeast Michigan will now impact far fewer counties. A deal with an existing pipeline operator means the ET Rover pipeline will no longer be built in Oakland, Macomb, St. Clair, Genesee, Shiawassee and Lapeer counties, Rover Pipeline announced Monday. The pipeline, which still requires federal approval, would carry more than 3 ...

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Sandpiper oil line hearings begin Monday

The Minnesota Public Utilities Commission will take public testimony next week at five hearings across the state on the all-new Enbridge Energy Sandpiper pipeline set to run from Beaver Lodge, N.D., to Superior. This round of hearings is intended to focus primarily on the “need” for the new pipeline — both Enbridge’s need to serve their customers — oil companies ...

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Illinois boasts big potential for wind energy

PEORIA — Chicago may be known as the Windy City, but Illinois might qualify as the Wind State. Not because Illinois breezes surpass the gusts that blow through Texas or western Iowa but because of wind infrastructure that’s been developed here in the Land of Lincoln. “We rate fourth (behind only Texas, Iowa and California) among the states in energy ...

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Big chill behind record demand for power in region

Unusually cold weather contributed to a November record for electricity demand in a multistate region that includes Ohio. The peak was reached at 7 p.m. on Tuesday, when demand hit 121,987 megawatts in the territory managed by PJM Interconnection. PJM manages the flow of electricity in all or parts of 13 states and the District of Columbia. That was much ...

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1st responders take peek inside tank car in training exercise

oil train railcars

About 60 first responders from a score of Chicago suburbs got an inside look, literally, at the type of railroad car used to haul thousands of gallons of crude oil, ethanol and other potentially hazardous materials through their communities each day. The Union Pacific Railroad and GATX Corp., which leases rail cars and locomotives, brought a specially outfitted rail car ...

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Amtrak: Delays up, ridership down in Illinois

Amtrak ridership dropped an average of 4 percent in Illinois on downstate corridors with connections to Chicago in fiscal 2014, the passenger railroad reported Tuesday, putting much of the blame on late arrivals and departures caused by freight train interference. The problem of freight congestion blocking passenger trains is affecting Amtrak service across the Midwest and also stretching from Chicago ...

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