Archive: News

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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 […]

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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Equipment Showcase [April 2018]

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

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Chile to Pursue Dramatic Coal Generation Reduction

Chile joined the ranks of nearly two dozen countries that have announced a phaseout or a moratorium of coal generation, pledging not to continue building coal-fired power plants unless they are equipped with

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POWER Digest [April 2018]

China’s Installed Capacity Grows 7.6% in 2017. China’s installed power capacity in 2017 grew 7.6% compared to the end of 2016 and now stands at 1,777 GW—higher than U.S. installed capacity of 1,198 GW as