Archive: Business

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Offshore Wind Surge Threatens Merchant Generator Profits

Two recent project announcements indicate that the U.S. offshore wind sector is burgeoning, bolstered by falling prices and ramped-up political support. A credit ratings agency warns, however, that the sector’s growth could increasingly pressure profit margins of merchant generators in New England, New York, and New Jersey. On March 14, Danish offshore giant Ørsted and […]

San Francisco from Twin Peaks after Sunset. Courtesy: Marc Liyanage/Flickr

EPRI: Electrification to Reshape Power Landscape

Even in the absence of climate policy, customer adoption of electric end-use technologies over the next 30 years is expected to spur steady growth in energy consumption, a new report assessing U.S. electrification from the Electric Power Research Institute (EPRI) suggests. The April 3–released report, “U.S. National Electrification Assessment,” is based on findings by EPRI’s […]

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Pioneer PSEG Improves Performance

PSEG is faced with providing economic and reliable power as demand and fuel prices fluctuate, while maintaining a profitable business.

FirstEnergy Corp. wants to deactivate the Pleasants Power Station, a 1.3-GW coal power plant near Belmont, West Virginia, by January 2019. The plant began operations in 1979. During construction of the plant, cooling tower #2 collapsed, killing 51 workers. The construction accident in April 1978 is still considered one of the worst in U.S. history. Courtesy: FirstEnergy

[Updated] Troubled FirstEnergy Companies Seek Bankruptcy Protection

FirstEnergy Corp.’s competitive arm FirstEnergy Solutions (FES) and several key subsidiaries, including FirstEnergy Nuclear Operating Co. (FENOC), on March 31 sought Chapter 11 bankruptcy protection. FirstEnergy said the move would facilitate an “orderly financial restructuring” and accelerate its strategy to become a fully regulated utility. FES—the parent company of FE Aircraft Leasing Corp., FirstEnergy Generation, […]

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THE BIG PICTURE [INFOGRAPHIC]: Changing Fleets

The generating fleets owned by some of the largest companies in the U.S. (ranked here by capacity in 2017) have transformed over the past four years, in some cases dramatically, as total revenues fluctuated. Sources: Fidelity Investments (revenue data standardized by S&P Capital IQ); EIA-860 detailed data; SEC 10-K filings, and company websites. —Copy and artwork by Sonal Patel, a […]

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The 4M Approach to a Connected Plant

Technology is being incorporated into operations and maintenance schemes at an ever-increasing pace. New digital tools are helping optimize assets, improve performance, and reduce overall costs. Big Data Best

Visitors had ample opportunities to interact with Cummins personnel

Equipment Showcase: Diesel and Gas Generators

Diesel-powered or gas-powered engines are the popular options for those wanting a generator as a prime power or standby, backup power source. A recent report from ResearchAndMarkets.com says the generator

Artwork: POWER/Sonal Patel

FirstEnergy Entreats DOE to Save Coal and Nuclear Plants

A day after FirstEnergy Corp.’s competitive arm notified PJM Interconnection it would close four uneconomic nuclear units—a total of 4 GW—in Ohio and Pennsylvania between 2020 and 2021, it urged Energy Secretary Rick Perry to issue an emergency order directing the regional transmission organization (RTO) to secure nuclear and coal capacity for long-term reliability. FirstEnergy […]

Prairie Island nuclear power plant

Minnesota May Be Next to Support Nuclear Plants

Following the lead of Illinois and New York, which have enacted policies supporting nuclear power plants, the Minnesota Legislature is weighing a bill that could help the owner of two nuclear facilities within its borders. Minnesota is home to the single-unit 671-MW Monticello nuclear plant and the dual-unit 1,100-MW Prairie Island plant (Figure 1). Xcel […]

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

FirstEnergy to Shutter Four Uneconomic Nuclear Units by 2021

FirstEnergy Corp. will close four uneconomic nuclear units—a total of 4 GW—in Ohio and Pennsylvania between 2020 and 2021, the company’s competitive arm notified PJM Interconnection on March 28. FirstEnergy Solutions (FES) told the regional transmission organization that it will close the 908-MW Davis-Besse Nuclear Power Station in Oak Harbor, Ohio, by 2020; the twin-unit […]