STUFF

Chesapeake Energy found "significant" oil/gas reserves in TX panhandle. Exploratory well producing >5.4K bls/day. Comp also to sell $20B in assets by end of '13 to fill cash-flow shortfall.

Fed judge ordered EPA to sign by end of next week proposed revised standards for soot from power plants, vehicles, industry.

Britain's new energy plan relies heavily on nuke and C capture/storage.

Cal ordered new bldgs must increase E efficiency 25-30% effective at start of '14. Homes, apt bldgs 25%, others 30%.

Tardy CO2 plans by Italy, Greece, Spain delaying EU permit decision.

Fed appeals court asked DOE to justify collecting nuke waste fees while having no operating waste depository.

FERC approved Marcellus NG pipeline.

Judge tossed kids' climate suit.

China, Japan to restart reactor programs.

Analysis: adding more wind power to grid would reduce wholesale el prices by >25% in Midwest by '20. Retail prices would lower $65-200 each year.

Exxon planning massive new NG-to-ethylene facility in TX. 400M gal capac. Also plans for 2 650K-ton polyethylene facilities nearby.

Cal E Commission awarded $35M for alt fuels projects. $10M to Propel Biofuels for 101 new E85 pumps (and tanks). 51 now in state. 500K flex-fuel cars in state. $5M to SacPort Biofuels for pilot plant for solid waste-to-biodiesel. Eventually 365K gal/y capac. And other projects.

EPRI: new rules on coal plant emissions will cost US economy $175-275B thru '35. Power sector expenditures for pollution control will range from $140B to $220B. Estimated retail price impact 4.5-8% in '15. Steeper in Midwest and Southeast. I don't quite get it. How does it take money out of the economy when their expenditures go to pollution control makers? Unless they mean higher prices for power will take money out of consumers' and business pockets. But they get that money. I don't get their economic logic.