Author Archives: Darrell Proctor

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Restructuring on Horizon for Siemens and GE

Siemens and General Electric, two rivals battling financial problems due to fewer orders for their flagship energy products and services, could each announce major restructuring moves in the coming weeks, according to media reports. Reuters on June 21, citing a person familiar with the matter, said Siemens plans to merge or trim some of its […]

Siemens CEO Joe Kaeser Courtesy: Siemens

Siemens’ CEO: Sale of Turbine Unit Just ‘Media Speculation’

Siemens Chief Executive Joe Kaeser on June 19 said reports last week that the German engineering company was considering a sale of its gas turbines manufacturing unit are “media speculation.” Kaeser made the remarks during an event in Zurich, Switzerland. He told Reuters that his company wants to improve the performance of the turbine unit, […]

Laramie River Station coal power plant Source: LMB Photography

Analysts: Coal Generation Will Plummet More Than 70%

About half the world’s power will be generated by wind and solar resources by 2050. Generation from coal will drop more than 70% from today’s levels. That’s according to research from energy analysts published June 19 in the “New Energy Outlook 2018” (NEO) from Bloomberg New Energy Finance (BNEF). The NEO report outlines information from […]

Final assembly of the Siemens gas turbine SGT6-8000H in the Berlin manufacturing plant. Courtesy: Siemens

Memo: Siemens ‘Committed’ to Gas Turbines Unit

Siemens still hasn’t commented on reports it could be looking to sell its gas turbine business. But the managing board member responsible for the company’s power and gas division reportedly issued a memo to staff in the wake of those reports, saying Siemens remains committed to its long-time flagship product. Bloomberg, which on June 13 […]

An aerial view shows Tokyo Electric Power Co.'s Fukushima Daini nuclear power plant in Naraha town, Fukushima prefecture, Japan, in this photo taken by Kyodo February 26, 2012. Picture taken February 26, 2012.

TEPCO Exec: Daini Plant Will Be Decommissioned

A Tokyo Electric Power Co. (TEPCO) executive on June 14 said the utility is prepared to decommission the four idle units at its Fukushima Daini nuclear plant in Japan. The comments come as TEPCO continues to struggle with large compensation payments and cleanup costs associated with the March 2011 accident at its Fukushima Daiichi nuclear […]

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FERC: There Is No Grid Emergency

President Trump wants to provide financial support to struggling coal and nuclear power plants. He’s told the Department of Energy (DOE) to make it happen. But a bipartisan group of lawmakers on Capitol Hill, along with commissioners from the Federal Energy Regulatory Commission (FERC), made it clear June 12 they don’t support federal government intervention […]

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GE Will Cut Jobs, End Manufacturing at Virginia Plant

General Electric’s (GE’s) power unit has said it will end manufacturing operations at its plant in Salem, Virginia, next year, with more than 260 workers losing their jobs, according to union officials. Officials noted that 42% of the affected workers are eligible for retirement. The plan announced June 8 said the Salem plant, which opened […]

The Navajo Generating Station, near Page, Arizona, is owned by SRP and serves electric customers in Arizona, Nevada, and California. The station also supplies energy to pump water through the Central Arizona Project.
More info: http://www.srpnet.com/about/stations/navajo.aspx

Chicago Company Preparing Offer for Navajo Generating Station

A suburban Chicago-based energy company executive on June 7 told Arizona officials his group is putting together a proposal to purchase the Navajo Generating Station (NGS), the largest coal-fired power plant in the western U.S. The plant’s current owners have said they will close the 2,250-MW facility by year-end 2019 unless a buyer is found. […]

Splash_Comanche power plant

Xcel Will Retire Coal, Add Renewables in Latest Plan

Xcel Energy, citing “historically low” costs for wind and solar power, said it wants to double its generation from renewable sources. Colorado’s largest utility also said it will retire two coal-fired units representing 660 MW at its Comanche Generating Station in Pueblo at least 10 years ahead of schedule. The changes were outlined in a […]

The Navajo Generating Station, near Page, Arizona, serves electric customers in Arizona, Nevada, and California. The station also supplies energy to pump water through the Central Arizona Project.
More info: http://www.srpnet.com/about/stations/navajo.aspx

West’s Largest Coal Plant Could Get a Lifeline

The Navajo Generating Station (NGS) in Arizona is scheduled to close by year-end 2019, but intervention by the federal government could keep the West’s largest coal-fired power plant operating. At the same time, more than 300 of the plant’s workers, along with family members, union representatives and tribal leaders, held a rally in Phoenix on […]