Regulators wonÂ’t delay power line proceedings
American Electric Power Co. and Allegheny Energy Inc. had asked to delay the review schedule for the application for the Virginia segment of the $2.1 billion Potomac-Appalachian Transmission Highline. That's because they wanted to update the application with new projections on increased energy demands along the East Coast by 2015.
A hearing examiner with the State Corporation Commission denied the request earlier.
The proposed 275-mile, 765-kilovolt power line would run from AEP's John Amos plant in West Virginia, 31 miles across three counties in northern Virginia, to a substation near Kemptown, Maryland.
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Oil crash only a foretaste of what awaits energy industry
LONDON - The oil-price crash of March 2020 will probably not last long. As in 2014, when the oil price dropped below $50 from $110 in a few weeks, this one will trigger a temporary collapse of the US shale industry. Unless the coronavirus outbreak causes Armageddon, cheap oil will also support policymakers’ efforts to help the global economy.
But there will be at least one important and lasting difference this time round — and it has major market and geopolitical implications.
The oil price crash is a foretaste of where the whole energy sector was going anyway — and that is…
