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The Department of Energy is awarding the first conditional loan guarantee for a new nuclear power plant in the U.S. to Southern Co.'s Vogtle plant in Georgia, and could announce the agreement as early as Tuesday.
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Eni said it reached an agreement with Russia's Gazprom to purchase natural gas at more flexible prices, helping the Italian energy giant ride out fluctuations in demand in Europe.
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Constellation Energy CEO Mayo A. Shattuck III says the financial crisis taught him he delegated too much. Now he digs into details on the company's projects, and holds weekly meetings with executives to debate risks.
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FirstEnergy agreed to acquire Allegheny Energy for $4.7 billion in stock in a deal that would create a big regional utility but could encounter resistance from states.
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The French oil company said it will go ahead with the development of two gas fields in a remote area of the U.K. North Sea that is the country's last big untapped hydrocarbon basin.
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