Archive: Markets

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Test Your Knowledge: Differences Between Private Sector and Government Managers

It’s become a cliché that government would be better if it were only run by private-sector managers using standard business practices. However, there are significant differences between the private sector and government. This quiz is designed to test your knowledge of those differences. Create your own user feedback survey To learn 18 more differences, read “25 Differences Between […]

Electric grid

Perry Grants FERC’s Request to Delay Grid Resiliency NOPR, But Calls for Urgent Action 

Energy Secretary Rick Perry has granted a 30-day extension sought by Federal Energy Regulatory Commission (FERC) Chairman Kevin McIntyre last week to give the regulatory agency more time before it acts on the controversial proposed Grid Resiliency Pricing Rule. In a strongly worded letter, however, he told FERC to act expeditiously to allay reliability threats to […]

9HA.01 Gas Turbine, Rotor on Half Shell, Case, Belfort, France, Europe

Market-Challenged, GE Continues to Improve Gas Turbine Efficiency

GE Power said its 9HA.02 gas turbine reached a new milestone by exceeding 64% efficiency in combined cycle power plants. The company attributes at least part of the achievement to advances in additive manufacturing (3-D printing). “The HA is our most advanced gas turbine technology, and we’ve never stopped pushing the boundaries of what it […]

Kevin McIntyre, an attorney at Jones Day, the largest law firm in the U.S., takes over as chairman at FERC. Source:  POWER via Senate Confirmation Hearings

McIntyre Takes Reins as New Head of FERC

Kevin McIntyre was sworn in as chairman of the Federal Energy Regulatory Commission on December 7, just more than a month after his nomination to the post was approved by the Senate. He takes over from interim chair Neil Chatterjee, who will remain at FERC as a commissioner. The agency that regulates transmission and wholesale […]

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GE Cutting 12,000 Jobs in Power Division

General Electric (GE) said December 7 it will cut 12,000 jobs in its power unit as the company continues to struggle with changes in the global power market. The company in a statement said the staff reductions will save $1 billion in 2018. “Traditional power markets including gas and coal have softened,” the company said, […]

Late-day sky, Conyngham and Salem Townships, Luzerne County, as seen from the Council Cup Scenic Overlook. Courtesy: Nicholas A. Tonelli/Flickr

New Jersey Considers Nuclear Subsidies for PSEG Plants

New Jersey lawmakers are exploring whether to legislatively prop up future operation of two nuclear power plants in the state, holding a hearing on December 4 in which key stakeholders sounded off on how nuclear subsidies could affect the environment, the economy, and the power market. The hearing, jointly held by the state Senate Environment […]

Figure 1-Erie Transmission

Will North American Energy Trade Wax or Wane Under Trump?

Cross-border trade in energy—electricity, natural gas, and oil—has been an unanticipated boon to the U.S., Canada, and Mexico, exceeding $140 billion in 2015. The Trump administration’s antipathy toward

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GE Power Falters on Underperformance of Alstom Investment

Weak earnings associated with General Electric’s (GE’s) underperforming $10.1 billion investment in Alstom have prompted the giant conglomerate to rejigger its power business and lean more heavily on other segments. GE Power, the company’s long-standing and lucrative business unit that has installed 1.6 GW of the world’s installed capacity over its 125-year history, has also […]

Artwork: POWER/Sonal Patel

Connecticut, Ohio, Pennsylvania Make Substantive Gains for State Nuclear Subsidies

A bitter dispute concerning subsidies for nuclear generation that has divided the power sector grew more intense over the past week as Connecticut, Ohio, and Pennsylvania advanced efforts to keep nuclear plants operating. At the same time, legal challenges to existing measures in Illinois and New York continued in two federal courts. In Connecticut, Gov. […]

4.	Coal stockpiles grow. U.S. coal-fired power plants saw their stockpiles grow as more electricity came from gas-fired units over the past few years. Many moved to stop shipments of coal to their facilities in order to deplete the large stockpiles on hand. Courtesy: LMB Photography

POWER Digest [November 2017]

Giant UK Tidal Lagoon Project Secures Grid Connection Deal. Tidal Lagoon Power’s project to build a full-scale 3.2-GW tidal lagoon power plant in the Severn Estuary in Swansea Bay to harness strong tides on