Archive: Business

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Westinghouse Reorganization Approved by Bankruptcy Court

On March 27, the U.S. Bankruptcy Court for the Southern District of New York approved Westinghouse Electric Co.’s plan of reorganization. Westinghouse said the approval is “a significant milestone in the company’s strategic restructuring,” which involves its sale to Brookfield Business Partners L.P. Brookfield announced on January 4, 2018, that it had entered into an […]

Chalk Point Generating Station located in Maryland on the Patuxent River. Source: Commons

NRG Sheds Generation Emphasis, Puts More Focus on Retail

To remain competitive in power markets increasingly characterized by disruptions, NRG Energy plans to accelerate its transition from a pure independent power producer (IPP) model to a more simplified customer-driven integrated power model that favors its retail businesses. In a number of presentations showcased on March 27 as part of NRG’s 2018 Analyst Day, company […]

MPW Blog: Wet Scrub vs. Dry Scrub Options – Part 1

Painting Shop Management: Exploring Wet Scrub vs. Dry Scrub Options—Part 1
Having options usually means weighing positives vs. negatives, benefits vs. costs. When it comes to paint shop management for large-scale operations, we provide two unique and comprehensive cleaning and maintenance options. Original equipment manufacturers (OEMs) encounter two common issues during their automotive production: paint overspray

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CAISO Backs PG&E Clean Energy Plan for Oakland

The California Independent System Operator (CAISO) has approved a request from Pacific Gas and Electric Company (PG&E) to provide a mixture of energy storage, energy efficiency, and system-wide upgrades to ensure reliable electricity in the Oakland, California, area, after the retirement of an aging Dynegy jet fuel-powered plant. PG&E received CAISO approval for its Oakland […]

Canal power plant in Sandwich, Massachusetts. Courtesy: EPA

GenOn Selling More Assets in Restructuring

GenOn Energy, a unit of NRG Energy that filed for bankruptcy in June 2017, said it has agreed to sell two units of the Canal Generating Plant to Stonepeak Kestrel, a subsidiary of Stonepeak Infrastructure Partners, a private equity firm with offices in New York City and Houston, Texas. The Canal plant in Sandwich, Massachusetts, […]

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Resource Diversification a Key for TVA [PODCAST]

Joe Grimes, executive vice president of generation with the Tennessee Valley Authority (TVA), gave the keynote presentation during the ELECTRIC POWER Conference and Exhibition, which was held March 19–22 in Nashville, Tennessee. His presentation focused on steps TVA is taking to diversify its generation portfolio in order to reduce risks and keep costs as low […]

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Watts Bar 2: The Long and Winding Road to Completion [PODCAST]

The Watts Bar 2 nuclear unit has a lengthy and well-chronicled history. Construction began on the unit in 1973. It was suspended in 1985 due to slower electricity demand growth, rising construction costs due to inflation and new regulatory requirements stemming from the accident at Three Mile Island in 1979, and regulatory concerns throughout the […]

Aaron Larson, Mike Skaggs, John Hefford, and Paul Bowers.

Novel Technology Featured at ELECTRIC POWER Event

The 20th annual ELECTRIC POWER Conference and Exhibition wrapped up on March 22. The event included nearly 200 exhibitors, with many offering interesting demonstrations of innovative new products. A sampling of some are presented below. Deep Trekker Inc. supplies high-quality, commercial-grade, remotely operated vehicles—underwater drones—specifically designed and developed to make underwater observation easy and affordable. […]

Solar panel in factory

U.S. Solar Installations Dip Amid Uncertainty

Burdened by a trade case, unpredictable policy-making, interconnection delays, and other market factors, the U.S. installed 30% less solar photovoltaic (PV) capacity in 2017 compared to a record-breaking 2016. However, the 10.6 GW of new PV capacity added last year represents 30% of all new generating capacity added to the U.S. grid, more than any […]

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Indonesia’s PT PLN Cancels 22 GW of Planned Capacity, Citing Lax Demand

Slack power demand in 2017 has prompted Indonesia’s state-owned utility PT PLN to cancel 22 GW it planned to procure from independent power producers (IPPs) through 2026, the bulk of which are combined cycle gas turbine and renewable projects. Energy and Mineral Resources Minister Ignasius Jonan on March 13 told reporters he endorsed changes to […]

Courtesy: Creative Commons / JWut89LA

GenOn Energy to Retire Three California Gas Plants

In a move that demonstrates how difficult current market conditions are, even for some natural gas-fired facilities, GenOn Energy—a subsidiary of NRG Energy—said it will shutter three California gas-fired power plants for economic reasons. The company notified the California Public Utilities Commission and California Independent System Operator (CAISO) in letters dated February 28 that it […]