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Xcel Energy Inc. said Tuesday it made three filings Monday with the Colorado Public Utilities Commission that will overall lower typical electricity bills effective Jan. 1. (XEL)

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Phoenix-area gasoline prices have slipped below $2.60 per gallon. The average price of gas stands at $2.57 per gallon, down 77 cents from a month ago and down $1.58 from record highs of more than $4 per gallon in June, according to AAA.

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Energy stocks fell sharply at the open as the sector tracked a dramatic sell-off in the broad market and a $4 slide in crude-oil futures toward the $60 a barrel level.

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Enbridge Inc. and FuelCell Energy have opened a power plant in Toronto that converts waste energy into electricity in what the companies are calling the first operation to pair fuel cells with an emission-free process.

The Direct Fuel Cell Energy Recovery Generation (DFC-ERG) plant, which opened Thursday, can generate up to 2.2 megawatts of electricity, or enough to power about 1,700 homes, the companies said.

The plant uses fuel-cell technology, which produces electricity through a chemical reaction, in combination with a turbo expander that harvests waste energy much like a wind or water turbine.

“The new technology will offer the highest natural gas-to-electricity efficiency of any distributed generation technology, and since it operates without the combustion of fuel the power has near-zero air pollutants,” said Enbridge chief executive officer Patrick Daniel in a statement.

The plant is unique in that it converts about 60 per cent of the energy input into usable electricity, which is about double the efficiency of many distribution generation technologies, the companies said.

The $10-million project received support from both the federal and Ontario governments.

Calgary-based Enbridge, a pipeline company, and Danbury, Conn.-based FuelCell Energy are planning to market the technology to other gas utilities. The new technology could be used to produce about 250 to 300 megawatts of North America’s electrical generation ability.

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Energy prices continued to tumble Oct. 22 with the new front-month contract hitting a 16-month low for benchmark US crudes in the New York market following a bearish government report of rising inventories of oil and gasoline.

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Crude prices continued to climb Oct. 20 in the New York market in anticipation that OPEC will reduce production by 1-2 million b/d at its Oct. 24 meeting.

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It costs more to fill up in Buffalo than in New York City. And among those who want to know why are Rep. Brian Higgins and the AAA.

According to daily AAA fuel gauge data, the average cost of a gallon of gasoline in Buffalo is $3.38, compared to Rochester ($3.28), New York City ($3.23) and Long Island ($3.11). The cheapest gas in New York state is in Albany, at $3.00 a gallon.

“The price disparity has been developing in Western New York the last few weeks,” said AAA Spokesman Shaun Seufert, who added the organization has been trying for months to get a definitive answer as to why prices are higher in Western New York. The AAA, he said, has reached out to the American Petroleum Institute, the state Attorney General’s Office and others to find out why.

“We’ve been quite unsuccessful,” he said, adding the best answer they’ve heard to date is hopefully, this is an anomaly, and it will work itself out over the next few weeks.

It appears prices in Buffalo are also among the highest among metropolitan areas in the continental U.S. The AAA reports in San Francisco the price of a gallon of unleaded fuel is $3.52 per gallon and $3.46 in San Jose, the only markets with higher gas costs than Buffalo.

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Ameren Illinois Utilities natural gas customers will see a “significant drop” in the cost of natural gas as the this year’s heating season begins due to softening worldwide demand for energy and a reduction in the market prices of both crude oil and natural gas.

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Electricity has been generated successfully from a producing oil well’s geothermal hot water for the first time, reported the US Department of Energy’s Fossil Fuel Office on Oct. 18.

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New wood-burning electricity plants are again being proposed from Massachusetts to New Mexico as the nation deals with a volatile energy market.

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State regulators have approved new programs to help Progress Energy customers save energy.

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OPEC’s swift move to meet next week sparked widespread assumptions that a substantial production cut is coming to bump oil prices to at least $80 a barrel, but not all seasoned analysts see it that way. “I doubt that very much,” said Fadel Gheit, an oil analyst with Oppenheimer & Co. in New York.

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Crude oil advanced from a 13-month low on signs that OPEC will announce a production cut at a meeting next week.

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A relative of Gov. Arnold Schwarzenegger’s wife and one of his former Cabinet secretaries are part of a private investment group that could score a lucrative payoff if regulators approve a sprawling solar-energy complex near the Mojave Desert Preserve.

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Oil prices closed at a new 14-month low beneath $70 a barrel today, bringing its price to less than half its July record high after the government reported massive increases in U.S. crude and gasoline supplies.

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Oil prices fell below $79 a barrel in choppy trading today as investors took profits from the previous day’s rally and shifted their focus back to signs of dwindling world energy demand.

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St Petersburg News.Net Tuesday 14th October, 2008 Msocow, Oct 14 Russia would provide $9 billion to the country’s four top oil and gas companies, including Russian-British joint venture TNK-BP, to refinance …

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Gas utility Avista Corp. on Monday said it has refiled a rate request with the Oregon Public Utilities Commission that could decrease its customers’ bills by more than 4 percent. (AVA)\

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Oil prices rebounded from a 13-month low today, pushing above $81 a barrel after the dollar weakened and investors trickled back into financial markets on hopes that a globally coordinated rescue plan will stave off an economic meltdown.

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A Houston company is proposing to build what it calls the world’s first “green refinery” on the Texas Gulf Coast using an established technology it says could revolutionize the way transportation fuels are made.
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Retail gasoline prices are still plummeting in Houston and across Texas as the price of crude oil continues to fall on world markets.

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The stunning collapse in oil markets accelerated today, with a barrel plunging below $78 as investors grow more pessimistic about a mushrooming global economic crisis.

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The reality of the global economy collided with what should have been a day in the sun for solar companies.\

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The price of crude continued to drop today, and OPEC is expected to discuss reducing production to shore up prices.

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