Turns out saving at the pump isn’t great for everyone.
Governor Dannel Malloy will have to order a second round of budget cuts for fiscal year 2015 after the falling price of petroleum has contributed to a $120.9 million deficit, an $89.3 million increase from last month.
Originally published on Tue January 13, 2015 6:20 pm
The city of Northampton, Massachusetts is planning a number of solar power projects that would further reduce the city’s carbon footprint, while providing a new source of revenue.
As soon as this summer, Northampton is likely to join dozens of other municipalities in the state that have turned old landfills into solar farms. And, in what appears to be a first in western Massachusetts at least, solar arrays may pop up at some municipal parking lots, according to Chris Mason, the city’s energy officer.
Back in 2011, a few things changed for PURA, the Public Utilities Regulatory Authority. Its staff was cut, and it developed a closer relationship with the Department of Energy and Environmental Protection. Some of PURA's budget and its hiring authority shifted over to DEEP, and the move changed the way the board does its main job: reviewing the performance of power companies.
Venezuelan President Nicolas Maduro is trying to persuade his fellow OPEC leaders to reduce oil production as the price of crude continues to slide and hurt the Venezuelan economy, which depends on oil for 95 percent of its export revenue.
Maduro was in Qatar this week, seeking billions to shore up his economy.
The price of gas was nearly $4.00 per gallon two years ago. Economists worried the rate would continue to rise, causing financial hardship on those with an already lean budget. What if it went to $5.00 a gallon? Well, those days are long gone.
Gas in Connecticut is around $2.50 a gallon and it's much cheaper elsewhere in the country.
But the higher rate also made people drive less and conserve more, and pushed higher fuel efficiency standards through Congress, nearly doubling the average fuel economy of new cars and trucks by 2025.
Originally published on Sun January 4, 2015 3:55 pm
Falling oil prices are perhaps nowhere more welcome than in northern New England, where most homes burn heating oil in their furnaces. But cheaper heating oil is refilling consumers' pockets just as high electric prices are emptying them out.
For example, a heating oil truck delivers 600 gallons of heating oil every two weeks to an old, four-story brick building in Concord, N.H. At last year's oil prices, each refill would have cost around $2,200. Right now, it's more than $300 cheaper.
Originally published on Thu December 18, 2014 2:16 pm
It will probably go down as the biggest decision of the year in New York State – a ban on fracking. Wednesday’s news came the same day casino license recommendations were announced. Supporters of a fracking ban are celebrating the long-awaited decision while opponents say they are disappointed and the Southern Tier, where fracking would have taken place, is doomed.
Should state regulators be more aggressive in punishing first time violators of environmental law? That's a question the Council on Environmental Quality hopes lawmakers wrestle with in the upcoming legislative session.
The number of households unable to afford heating bills in the state will rise again this winter. That’s the message from Operation Fuel, the non-profit that aims to help low-income families with utility bills.
Consumers who are scrambling to lower their electric rates in the new year are being urged to exercise caution. Looming rate increases from Connecticut Light and Power and United Illuminating have many considering signing up for an alternative supplier for the first time.
State regulators, in a draft ruling, have reduced the permanent rate increase proposed by Connecticut Light and Power, slashing the number from $221 million to about $130 million. It’s big news in the ongoing controversy over the energy company’s plan to increase electric rates.
Originally published on Tue November 18, 2014 6:52 pm
The controversial Keystone XL pipeline project to expand an oil pipeline running from Canada to the Gulf of Mexico has failed the approval of Congress, after the Senate voted against the project Tuesday. The House passed its version of the bill Friday.
An early tally showed 35 for and 30 against the bill; subsequent calls for senators' votes failed to net the 60 votes needed for passage. The decisive 41st "No" vote came with 55 votes in favor, and the final tally was 59-41.
Originally published on Tue November 18, 2014 7:36 pm
Update at 7:35 p.m. ET: The Senate voted against completing the Keystone pipeline.
The remaining portion of the Keystone pipeline project, if completed, will be fewer than 1,200 miles long — just a fraction of the existing 2.6 million miles of oil and gas pipelines running beneath our feet in the United States.
Originally published on Wed November 5, 2014 11:58 am
When Don Sage of Concord, N.H., learned his electric bill could rise by as much as $40 a month he got flustered. He and his wife make do on a bit less than $30,000 a year in Social Security payments, and they pay close attention to their electric bills.
"When the invoice comes in the mail to get paid, I have a target amount that we can fluctuate up or down, based on our fixed budget," Sage says. "They don't need my permission to hike up their rates, but the fact is we're the ones that are paying these increases."
A new United Nations report is warning that fossil fuels must be entirely phased out by the end of the century in order to avoid dangerous and irreversible damage to the Earth's climate.
The Intergovernmental Panel on Climate Change (IPCC) says the world faces "severe, pervasive and irreversible" consequences if greenhouse gas emissions are not cut to zero by 2100.
Examples of "irreversible" change include a runaway melt of the Greenland ice cap that would trigger devastating sea-level rise and could swamp coastal cities and disrupt agriculturally critical monsoons.
Originally published on Thu October 23, 2014 2:40 pm
All around the country, gasoline prices have been falling for weeks, down to an average of about $3 a gallon. Those lower prices are helping restrain inflation across the board.
On Wednesday, the Labor Department said its consumer price index barely inched up 0.1 percent last month. Over the past 12 months, the CPI has risen by 1.7 percent, roughly half of its historical average rate of increase.