Day: July 26, 2025

‘One For Reduction, One For Status quo,’ NERC, EERC Bicker Over Tariff Review

Abibat Babalola

The Nigerian Electricity Regulatory Commission (NERC) is disinclined to tariff changes brought into the system by the Enugu Electricity Regulatory Commission (EERC) which reduced the tariff for Band-A customers in the state. The Federal Electricity Regulatory Agency, states that state electricity regulatory commissions are not authorised to change the wholesale cost of electricity supplied through the national grid. In a public notice, NERC said, “As states do not have jurisdiction over the national grid and over electric power stations established under federal laws/operating under licenses issued by the Commission, they…

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650 Workers May Be Sacked As Chevron Begins Major Restructuring

Abibat Babalola

Chevron Corp. has confirmed cutting almost 650 jobs in the Houston area and North Dakota after completing the $53 billion takeover of Hess Corp. The reductions include 575 positions in Texas and 70 in North Dakota, and will take effect Sept. 26, according to a Chevron spokesperson on Wednesday. Chevron formally closed on its acquisition of Houston-based Hess at the end of last week. “As part of the integration, we will consolidate or eliminate some positions,” Chevron spokesperson Allison Cook wrote in an email. “These are difficult decisions which we…

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