NSW Premier Kristina Keneally has asked state opposition for more details on its proposal to introduce a common electricity rate for the whole of NSW.

The NSW Coalition has suggested a common price to make the system fairer, since there is a great difference in electricity prices between Sydney’s east and west, markedly so between metropolitan and regional areas.

Oil prices have been at a low for the past 5 months and this past week the prices of oil rose to $70 a barrel .This happened after the euro dropped further on Tuesday.

BP PLC has spent over $625 million to clean up the oil spill along the Gulf of Mexico. The company said they are recovering over 2000 barrels of oil everyday and are in the process of cleaning up the oil spill.

On Monday , Chesapeake Energy Corp it planned to raise $5 billion by selling in assets and issuing debt and stock in a bid to pay down borrowings and increase its production levels.

The DERC received a notice from the Delhi government asking to keep the electricity tariffs the same as yesterday.

The London Stock Exchange saw Essar Energy trading on the LSE and saw it suffer losses, the worst in almost a decade.

Essar Energy, saw it shares end at 389.5 pence to 420 pence the IPO price. A 7.2% drop.

Kirkwood Mountain Resort in the Sierra Nevadas was forced to close lifts after a power generator caught fire and is expected to re-open 9:00 a.m. Saturday.

An engine filter over-heated causing a fire in the power generator at about 2:00 p.m., consuming the building that housed it, with the roof catching fire that was difficult to put out.

According to authorities, two Chicago hospitals, namely the University of Illinois (UIC) Hospital and Rush Presbyterian St. Luke's Medical Centre were affected by an electrical failure at a steam generation plant, resulting in the cutting-off their heat and hot water.

Bill Burton, UIC spokesman informs that between 9:30 am. to 4:30 p.m., the hospitals were left without heat, while the Chicago campus remained without heat for an additional two hours.