Energy markets

Warren Buffett, Pacificorp, And Institutional Change In Electricity

Lynne Kiesling For years Warren Buffett has been saying that there is a lot of untapped, uncreated value to be unleashed in the electricity industry. Berkshire Hathaway’s acquisition of PacifiCorp, a retail utility in the Pacific Northwest, is its first large acquisition in seven years. Long-time KP readers know that this is the kind of …

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Will Improvements In Ethanol Production Undo Political Support?

Michael Giberson An editorial in today’s Washington Post hints at trouble on the horizon for ethanol. Ethanol has long been the product of Midwestern corn, Washington D.C. style pork, and a questionable environmental heritage, with the middle element of that troika propping up the enterprise. Now, however, the long-awaited “next generation” of ethanol, ethanol produced …

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Metering And Pricing Activate Electricity Demand In California

Lynne Kiesling In today?s Wall Street Journal, Rebecca Smith writes about changes under way in California (sub. req.) that would enable the three investor-owned utilities to offer their customers sophisticated digital meters and pricing options. The initiative that Smith describes is the culmination of a joint PUC/Energy Commission effort over the past three years to …

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Maryland State Official Requires Gasoline Stations To Raise Prices

Michael Giberson Have you noticed how low gasoline prices have been lately? No? Apparently you haven?t been paying attention. Fortunately, a representative of Burch Oil, which sells gasoline in Southern Maryland from Burchmart convenience stores, was paying attention. When prices dropped too low at gas stations down the street last week ? to 199.9 ? …

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