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Under fire for high gas prices, the industry is spending record amounts on influence in Washington. Plus: How it's playing in the presidential race. Top oil lobbyists Company spending so far in 2008 Company Amount in millions 1. Exxon Mobil $8.1 2. Chevron $6.1 3. BP $5.2 4. ConocoPhillips $4.4 5. Koch $3.8 6. Marathon $3.6 7. API $2.2 8. Occidental $1.4 9. Williams $1.2 10. Shell $1.2 Source:Center for Responsive Politics Top industries Spending on lobbying so far in 2008 Industry Amount in millions 1. Drugs $113 2. Insurance $76 3. Electric utilities $65 4. Computers $60 5. Oil and gas $55 6. Education $51 7. Air transport $50 8. Health Care $48 9. Manufacturing $48 10. Entertainment $48 Source:Center for Responsive Politics NEW YORK (CNNMoney.com) -- As angry voters spark a barrage of energy bills in Congress, the oil industry is spending record amounts of money protecting its interests. In what may be surprising to some, the most recent figures from the Center for Responsive Politics show that the oil industry gives a relatively small sum to individual political campaigns - it's 16th on a list of top 50 industries.

A newly released Black & Veatch analysis addresses issues faced by U.S. electric and natural gas utilities in light of the country's financial uncertainties. A special edition of Black & Veatch's Energy Strategies newsletter (http://www.rjrudden.net/EnergyStrategies.pdf) outlines how utilities are currently in the midst of a variety of risks and other fundamental cross currents. "The utility industry is not immune to the current financial conditions that government, business and consumers face, even though utility securities are often considered safe havens in times of economic difficulty," said Richard Rudden, Senior Vice President of Black & Veatch's Enterprise Management Solutions Division.

DTE Energy Co. is a Detroit, Michigan-based utility, incorporated in 1995, involved in the development and management of energy-related businesses and services nationwide. DTE Energy's largest operating subsidiaries are Detroit Edison, an investor-owned electric utility serving 2.1 million customers in Southeastern Michigan, and Michigan Consolidated Gas Co. (MichCon), a natural gas utility serving 1.2 million customers in Michigan.

California utility regulators conclude that a seven-year fraud by the company caused substantial harm to customers and could have diminished worker safety. The state Public Utilities Commission on Thursday levied a $30-million fine -- its largest ever -- against Southern California Edison and ordered the utility to refund more than $81 million to customers, concluding that a seven-year fraud caused substantial harm to consumers and could have diminished worker safety. Although the fine is a record for the PUC, it is $10 million less than what was ordered in late 2007 by a commission judge. The decision also substantially reduced the judge's refund order, cutting Edison's total price tag from the fraud to $146 million from $200 million.

"* Sale would be one of the largest utility deals this year * E.ON shares down 0.1 pct, sector unchanged Germany's E.ON, the world's largest utility by sales, may sell its U.S. unit in what could be one of the biggest deals in the industry this year, people familiar with the matter told Reuters. "It'd be good to get rid of that business," said a person from within E.ON familiar with the management's strategy. "Our debt is a real burden for us." E.ON had bought the E.ON U.S. unit, formerly known as LG&E, in 2002 as part of its 9.6 billion pound ($14.30 billion) takeover of Britain's Powergen, but the overseas operation remained separate while it was integrating European operations such as energy trading."

The UK energy supply industry will have to invest over GBP230 billion ($334 billion) in new infrastructure by 2025 to ensure security of supply and to meet climate change and renewable targets, consultants Ernst & Young said Tuesday. In a study for UK utility Centrica, Ernst & Young said the level of investment needed was double the value of the UK's total energy supply asset base. "The landscape in which this investment must be raised has altered fundamentally as the credit crunch and economic downturn take hold," the report said.

Barack Obama's election has members of the alternative energy world sounding positively giddy, an enthusiasm not shared by their competitors in the oil industry. Obama's energy plans read like a wish list for the companies that make solar cells, wind turbines or alternative fuels. He wants to pump money into energy research and force all electric utilities to use renewable power. He has proposed creating a cap-and-trade system that would put a price on the greenhouse gas emissions that come from burning fossil fuels.

* Opens federal waters beyond 50 miles from shore along the Atlantic and Pacific coasts to oil and gas drilling, ending drilling bans that have been in effect for 26 years. States would have to agree to drilling for areas between 50 and 100 miles from land. * Rolls back $18 billion in tax breaks for the five largest oil companies and requires energy companies to pay billions of dollars in additional royalties from oil taken from the deep water areas of the Gulf of Mexico under questionable leases issued in the late 1990s. * Requires the release of 70 million barrels of oil from the government's Strategic Petroleum Reserve to put more oil on the market and lower gasoline prices. * Makes it a federal crime for oil companies holding federal leases to provide gifts to government employees, a response to a recent sex and drug scandal involving the federal office that oversees the offshore oil royalty program and energy company employees. * Provides tax credits for wind and solar energy industries, the development of cellulosic ethanol and other biofuels, and purchase of plug-in gas-electric hybrid cars. * Requires utilities to generate 15 percent of their electricity from solar, wind or other alternative energy source. * Gives tax breaks for new energy efficiency and conservation programs including the use of improved building codes low-interest loans for energy efficient homes, and for companies that promote their employees use of bicycles for commuting.

In his keynote speech to the GridWeek 2009 Conference this morning, U.S. Energy Secretary Steven Chu detailed his vision for implementing the smart grid and modernizing America's electrical system: a stronger, smarter, more efficient electricity infrastructure that will encourage growth in renewable energy sources, empower consumers to reduce their energy use, and lay the foundation for sustained, long-term economic expansion. Secretary Chu's presentation can be found here. During his remarks, Secretary Chu also announced more than $144 million in funding from the American Recovery and Reinvestment Act for the electric power sector, including $44 million in awards to state public utility commissions and $100 million in available funding for smart grid workforce training programs. "America cannot build a 21st Century energy economy with a mid-20th Century electricity system. This is why the Obama Administration is investing in projects that will lay the foundation for a modernized, resilient electrical grid," said Secretary Chu. "By working with industry leaders and the private sector, we can drive the evolution to a clean, smart, national electricity system that will create jobs, reduce energy use, expand renewable energy production, and cut carbon pollution."

For years, residents of the tiny lakeside community near Kingston, Tennessee, watched as the local power plant mixed tons of leftover coal ash with water and pumped the heavy mud into a massive pond just up the road. "We never gave it a second thought," says resident Diane Anderson. To read more of Kelly Hearn's reporting on the TVA spill, check out "Toxic Coal in Tennessee," "Tennessee's Dirty Data" and "The Dredge Report." Share this article * * * * Add to Mixx! * * * Related * Also By * Radioactive Revival in New Mexico Environment Shelley Smithson: Navajos say "No!" as the return of uranium mining threatens to despoil their lands and health. * The Most Important Number on Earth Environment OntheEarthProduction : Bill McKibben, Noam Chomsky and Terry Tempest Williams discuss the urgent need reduce atmospheric carbon dioxide to 350 parts per million. » More * Tennessee Spill: Regulation Hazards Environment Kelly Hearn: The recent coal ash spill in Tennessee reveals the toxic fallacy that states should regulate industrial waste. * Letters Subscribe Our Readers & Kelly Hearn * Tennessee Spill: The Dredge Report Environment Kelly Hearn: The TVA's efforts to clean up after its massive coal ash spill may create even more health hazards. But on December 22 the pond collapsed, triggering a billion-gallon mudslide that knocked houses off foundations and roiled into the Emory River. State officials and the Tennessee Valley Authority, the federally funded utility responsible for the spill, scrambled to allay fears, saying that the ash wasn't toxic and that the drinking water was safe. But residents also heard about the litany of harmful substances in the ash, like arsenic and lead, and about studies linking it to cancer.

NRG Energy, based in Princeton, NJ, is a wholesale power generation company with ownership in 47 coal, oil, and natural gas plants worldwide. The company's portfolio of projects totals approximately 22,735MW in the United States, about half of which is generated in Texas. NRG also has plants in Australia, Europe, and Latin America with a total of about 1,216MW of generation

Alliant Energy produces electricity and sells electricity and natural gas to customers in Iowa, Minnesota, and Wisconsin - as well as providing transportation and environmental engineering and consulting.

Sempra Energy is an energy company based in San Diego, California with 2007 revenues of $11 billion. Sempra Energy is the parent company of San Diego Gas & Electric, Southern California Gas Co., Sempra Generation, Sempra LNG and Sempra Pipelines & Storage.[1]