Archive: Business

CenterPoint Energy

CenterPoint, Vectren Merging in $8 Billion Deal

CenterPoint Energy, a Houston, Texas-based natural gas and electric utility company with sales and services operations in more than 30 states, on April 23 said it would buy Evansville, Indiana-based Vectren in a deal valued at more than $8 billion, including the assumption of more than $2 billion in Vectren debt. Both companies in statements […]

The Perry Nuclear Generating Station on Lake Erie, northeast of Cleveland, Ohio, is among the FirstEnergy plants struggling financially.

Costs and Emissions Will Increase If Nuclear Plants Close

A report released this week by The Brattle Group says that if four nuclear power plants in Ohio and Pennsylvania are allowed to retire early it will cause “substantially higher emissions of CO2 and other pollutants” and that there will be “a significant increase in electricity prices” not only in the two states, but also […]

sulzerame053_new_lathe_pic1_b-1024x731

Sulzer expands facility capability with new lathe

Industrial gas turbines are increasing in size. As a result of this, repair facilities that overhaul and repair these machines must keep pace. One of the key tools is a large lathe. As one of the leading industrial gas turbine and rotor repair providers in the world, Sulzer has recently upgraded its service center in

POWER Podcast art-final

Distributed Energy Systems Are Reliable Solutions [PODCAST]

More and more people are finding distributed energy solutions are the answer for their power resource challenges. Distributed energy comes in many forms. Renewables such as solar and wind are top-of-mind when most people think of distributed resources, but natural gas-fired generation is often a good fit too, because it adds reliability to the system […]

520004dcaa632-Power-Mar06-CS_Emissions_4

Group Says RGGI Has Generated $4 Billion in Economic Activity

A study from an economic, financial, and strategy consulting group says the Regional Greenhouse Gas Initiative (RGGI), a multi-state program designed to cap emissions from power plants in the northeastern U.S., has generated $4 billion in net economic activity even as it has increased electricity prices in the region. The report from the Analysis Group, […]

Fig 1_Oyster Creek Nuclear Plant_Exelon

New Jersey Legislature Backs Nuclear Subsidies

New Jersey’s Assembly and Senate in separate actions on April 12 passed bills to ensure continued operation of PSEG’s Salem and Hope Creek nuclear power plants. Lawmakers also passed bills to modify the state’s renewable portfolio standards and for support of a pilot offshore wind farm. Legislation (S-2313/A-3724) directing the Board of Public Utilities (BPU) […]

Source: Sonal Patel/POWER

Under Competitive Pressure, Nuclear Industry Doing All It Can, NEI Head Says

The nation’s paramount nuclear power trade group has launched a wide-ranging strategy to help generators stay profitable in tight markets, the head of the Nuclear Energy Institute (NEI) told Wall Street analysts on April 12. In an address broadcast on Facebook, Maria Korsnick, NEI president and CEO, said that nuclear plants that operate in competitive […]

This is an aerial photo of the abandoned V.C. Summer nuclear project in South Carolina, taken in September 2017. Courtesy: Courtesy of High Flyer © 2017

Insiders Doubted SCANA’s Ability to Manage Nuclear Project

Santee Cooper executives doubted SCANA Corp.’s ability to properly manage the V.C. Summer nuclear expansion project for years before the project was ultimately abandoned in July 2017, according to an article published by The Post and Courier, a Charleston, S.C., newspaper. Santee Cooper—a state-run utility—partnered with SCANA as owners of the project; SCANA holds a […]

Splash - China NEA - HHDC Longyangxia Dam Solar Park

Investments in Renewables Dwarf New Coal, Gas Generation

A report from groups including the United Nations environmental arm and Bloomberg New Energy Finance (BNEF) shows renewable energy installations were responsible for 61% of the world’s net power capacity additions in 2017, more than double the new-builds from fossil fuel-powered generation. The Global Trends in Renewable Energy Investment 2018 report, compiled by BNEF, the […]

POWER Podcast art-final

Power Industry Continues to Face Uncertainty and Change [PODCAST]

Tennessee Valley Authority (TVA) CEO Bill Johnson in an exclusive interview with POWER suggested that the power industry continues to face an uncertain future.  Johnson said that during his 40-year career, he has seen more change in the last five years than in the previous 35 combined. Several indicators imply that will continue going forward. […]

Fig 3_PJM control room

PJM: More Than 3,600 MW Will Retire in 2018

Data from regional transmission organization (RTO) PJM Interconnection shows about 630 MW of power generation will be taken offline in the grid operator’s territory in April, with more than 3,600 MW scheduled to be retired this year, according to the organization’s website. This month’s deactivations are scheduled to begin April 16. Last week, Ohio power […]