federal regulators

ANCHORAGE, Alaska | Groups protest plans for possible lease sale in Beaufort

ANCHORAGE, Alaska — Environmental groups are protesting plans by federal regulators for a possible offshore petroleum lease sale in Alaska’s Beaufort Sea. The Bureau of Ocean Energy Management on Thursday announced it would prepare an environmental review in support of a potential lease sale next year. The agency scheduled public hearings and opened a 30-day … Continue reading ANCHORAGE, Alaska | Groups protest plans for possible lease sale in Beaufort

TOLEDO, Ohio | FCC: Company created fake accounts, misused funds to buy jet

TOLEDO, Ohio — A telecommunications company faces a potential $63 million fine for misusing government money meant to help low-income people get phone and internet service and instead spending it on a yacht and private jet, federal regulators said. The Federal Communications Commission accused Toledo-based American Broadband and Telecommunications Co. of creating fake accounts by … Continue reading TOLEDO, Ohio | FCC: Company created fake accounts, misused funds to buy jet

WASHINGTON | US regulators lift strict oversight of Prudential

WASHINGTON — A group of federal regulators on Wednesday lifted the strict government oversight imposed on big insurer Prudential Financial Inc. It was the last financial company still carrying the label that subjected it to special restrictions stemming from the 2008 financial crisis. The unanimous decision by the Financial Stability Oversight Council closed the books … Continue reading WASHINGTON | US regulators lift strict oversight of Prudential

Rains from Florence cause collapse at NC coal ash landfill

Duke Energy said Saturday night that heavy rains from Florence caused a slope to collapse at a coal-ash landfill at a closed power station near the North Carolina coast. Duke spokeswoman Paige Sheehan said about 2,000 cubic yards (1,530 cubic meters) of ash were displaced at the L. V. Sutton Power Station outside Wilmington and … Continue reading Rains from Florence cause collapse at NC coal ash landfill

COLUMBIA, S.C. | Federal regulators give blessing to SC utility merger plan

COLUMBIA, S.C. — A deal to merge troubled South Carolina utility SCANA with Dominion Energy has cleared another hurdle. Dominion announced Tuesday the U.S. Nuclear Regulatory Commission had approved the indirect transfer of the operating license for the V.C. Summer Nuclear Station from SCANA subsidiary South Carolina Electric & Gas Co. to the Virginia-based company. … Continue reading COLUMBIA, S.C. | Federal regulators give blessing to SC utility merger plan

WASHINGTON | Trump asks SEC to consider ending required quarterly reports

WASHINGTON — President Donald Trump says he’s asking federal regulators to consider scrapping the requirement for public companies to report quarterly results, after business executives told him twice-yearly reports would make better economic sense. In a tweet early Friday, Trump said that after speaking with several top business leaders, he’s asking the Securities and Exchange … Continue reading WASHINGTON | Trump asks SEC to consider ending required quarterly reports

HOPKINS, S.C | No clean-up of nuclear leak in South Carolina for years

HOPKINS, S.C. — Federal regulators say the Westinghouse Electric Company has no plans to clean uranium leaks at a nuclear fuel plant despite evidence that it could reach South Carolina’s water supply. Instead, Westinghouse wants a new 40-year extension from the Nuclear Regulatory Commission, even though there’s nearly a decade left on its current license. … Continue reading HOPKINS, S.C | No clean-up of nuclear leak in South Carolina for years

WASHINGTON | Energy regulators: No immediate threat to power grid

WASHINGTON (AP) — Federal regulators are disputing the Trump administration’s claim that struggles facing the coal and nuclear industries threaten the reliability of the nation’s power grid. The Republican chairman of the Federal Energy Regulatory Commission told Congress on Tuesday that “there is no immediate calamity or threat” to the nation’s bulk power system. He … Continue reading WASHINGTON | Energy regulators: No immediate threat to power grid