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Article content BOSTON — The U.S. Congress is investigating a multibillion-dollar subsidy for chemically treated coal that is meant to reduce smokestack pollution, after evidence emerged that power plants using the fuel produced more smog not less. The outcome of the probe could play a big role in whether lawmakers vote to renew the subsidy, on track to expire at the end of this year. We apologize, but this video has failed to load. Try refreshing your browser, or U.S. Congress launches probe into multibillion-dollar 'clean coal' tax credit Back to video The Government Accountability Offi...

U.S. private equity firm Blackstone in 2016 unplugged a Texas power plant that it owned from the state's grid in a bet that it could make a fortune as the only American-based generator selling electricity exclusively to Mexico.

6 Min Read Here’s a look at our finalists for Business Beat Coverage and Legal Reporting of the Year in this year’s Reuters Journalists of the Year Awards on March 18. Reuters Journalists of the Year Awards Business Beat Coverage of the Year honors an individual or team whose outstanding performance resulted in exceptional coverage of company or industry news, including scoops, insight and analysis. This year’s nominees are: -Trump’s battle to thwart China’s biggest companies is nominated for exclusives on key corporate regulation stories, including on Tik Tok, Huawei, Foxconn airli...

3 Min Read BOSTON, March 5 (Reuters) - A go-to lender for U.S. electric cooperatives has $4 billion in exposure to the Texas market, where last month’s deep freeze slammed the finances of several co-ops hit with astronomically high gas and electric prices during the state’s grid blackout. The latest quarterly financial disclosure from the National Rural Utilities Cooperative Finance Corporation (CFC) shows the Texas market accounts for 15% of the lender’s $27.1 billion in outstanding loans. Dulles, Virginia-based CFC has not had any loan defaults in its electric utility loan portfolio s...

By Syndicated Content By Tim McLaughlin BOSTON (Reuters) - A go-to lender for U.S. electric cooperatives has $4 billion in exposure to the Texas market, where last month’s deep freeze slammed the finances of several co-ops hit with astronomically high gas and electric prices during the state’s grid blackout. The latest quarterly financial disclosure from the National Rural Utilities Cooperative Finance Corporation (CFC) shows the Texas market accounts for 15% of the lender’s $27.1 billion in outstanding loans. Dulles, Virginia-based CFC has not had any loan defaults...