Wednesday , 24 December 2025

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FirstEnergy works to distance itself from ex-unit amid probe

Bloomberg FirstEnergy Corp’s chief executive officer pushed to distance the company from its former unit that owns nuclear plants benefiting from an Ohio state law at the crux of an alleged racketeering and bribery conspiracy. CEO Charles Jones said the company hasn’t had control of decisions made by its former FirstEnergy Solutions unit, now Energy Harbor, since November 2016. And …

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Oil sands’ return keeps Canadian pipelines empty

Bloomberg Canada’s oil-sands producers are taking their time at restoring production, leaving the country’s normally congested pipelines with room to spare. Enbridge Inc said that nominations to ship heavy oil on its Mainline, the country’s biggest oil-export network, exceeded capacity by 7% in August versus 3% in July. For the sixth straight month, no rationing was imposed for light oil …

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