Archive: Business

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GE Stock Falls as CEO Backs ‘Deliberate’ Pace of Change

Shares of General Electric (GE) have fallen about 50% over the past year, and on May 23 GE saw its stock drop more than 7%, its biggest one-day loss since April 20, 2009. Much of Wednesday’s decline came as CEO John Flannery was speaking to attendees at the Electrical Products Group (EPG) conference in Longboat […]

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Bill Supporting Xcel Energy Nuclear Plants Dies in Minnesota

A bill that would have provided more cost-recovery certainty for Xcel Energy’s two Minnesota nuclear plants didn’t get through the state House of Representatives prior to the legislative session ending on May 20, effectively killing the measure. The bill would have allowed Xcel to submit proposals to the Minnesota Public Utilities Commission (MPUC) designating each […]

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A new method for corrosion prevention

Corrosion monitoring, control and prevention is an ongoing battle in today’s power plants. Two of the strongest indicators of how well that battle is being waged is to monitor the corrosive salts of chloride and sulfate.

This remarkable image is actually a composite of hundreds of images created using satellite data collected at night.

Credit: NASA/GSFC

Concerns About Summer Reliability in Texas and California Persist

Higher-than-average temperatures forecast for much of the U.S. this summer won’t affect reliability in most regions, though concerns remain for Texas and Southern California, according to the Federal Energy Regulatory Commission (FERC). Presenting the “Summer 2018 Energy Market and Reliability Assessment,” on May 17,  FERC staff said that most entities that are part of the […]

The Middletown Energy Center in Middletown, Ohio, was inaugurated May 21, 2018. The natural gas-fired facility is among several projects either online or being developed by Florida-based NTE Energy. Courtesy: NTE Energy

NTE Opens Gas-Fired Middletown Plant in Ohio

NTE Energy on May 21 inaugurated the new Middletown Energy Center in Middletown, Ohio, the latest in a series of natural gas-fired power plants the Florida-based company is developing in Ohio, Texas, and North and South Carolina. NTE touts the 525-MW Middletown combined cycle facility as among the most efficient gas-fired power plants in the […]

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Dominion Invests in GE-Hitachi Nuclear Development of 300-MW SMR

Dominion Energy will provide seed money to further work of GE Hitachi Nuclear Energy’s (GEH’s) BWRX-300, a 300-MWe small modular reactor design (SMR). Dominion has “no plan at this time to build one at any of its commercial nuclear stations,” but the funding could help bring the SMR design closer to commercialization, GEH said in […]

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Cash-Starved Southern Sells Florida Assets to NextEra

NextEra Energy on May 21 said it would acquire several assets from Southern Co., including Southern’s ownership interest in two natural gas-fired power plants in Florida, in a deal valued at about $6.5 billion. Southern in a statement Monday said the sale would help the company reduce debt, which has dogged Southern as its subsidiary […]

TVA wind turbines on Buffalo Mountain in East Tennessee Source: TVA

Wind Power Faces a Post-PTC ‘Valley of Death’

Wind power capacity in the U.S., whose explosive growth has tripled since 2008—even overtaking hydropower to become the nation’s largest source of renewable electricity—could face a period of stagnation once the production tax credit (PTC) is phased out in 2021. Analysts at WINDPOWER 2018 in Chicago last week called the period between 2021 and 2026 […]

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DOE Lays Out How Power Sector Could Win the Cybersecurity Battle

Cybersecurity threats are outpacing the energy sector’s “best defenses,” and costs of preventing and responding to cyber incidents are straining company efforts to protect critical infrastructure, the Department of Energy (DOE) warned as it released a comprehensive five-year cybersecurity strategy for the industry. The Multiyear Plan for Energy Sector Cybersecurity, dated March 2018 but which […]

The Siemens SGT-800 industrial gas turbine combines a reliable robust design with high efficiency and low emissions.

GE Sets Sights on MHPS and Siemens Customers

Drawing on decades of gas turbine experience, GE’s Power Services business announced on May 16 that it is expanding its cross-fleet service offerings to a broader portion of the F-class market, including Siemens’ SGT6-5000F and SGT-800 models, and Mitsubishi Hitachi Power Systems’ (MHPS’s) 501F technology. “GE is proven as one of the technology leaders and […]

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GE Will Take on Alstom Stakes in Energy Joint Ventures for $3.2B

GE will buy Alstom’s stakes in three energy joint ventures (JVs) the companies formed when GE acquired Alstom’s energy business nearly three years ago. Alstom and GE on May 4 signed an agreement that essentially sets out a plan for Alstom to exercise put options on JVs it formed with GE pertaining to their renewables […]