POWERnews [March 1, 2018]

GE Embarks on Plan to Keep Power Unit Competitive

GE has launched a three-part strategy to address a dismal outlook for its power division that will involve operating in a “leaner, more cost-efficient way,” the company’s head told investors…

Vogtle Improves Safety and Productivity Following Westinghouse Bankruptcy

According to Georgia Power’s Eighteenth Semi-annual Vogtle Construction Monitoring Report (VCM) released on February 28, more than 12 million man-hours have been worked without a lost-time injury at the Vogtle…

ERCOT Anticipates Summer Supply Crunch Amid Unit Retirements

The recent retirement of older generating units and high peak usage owing to economic growth could tighten operating reserves in the region served by the Electric Reliability Council of Texas…

FirstEnergy Suffers Steep Losses, Will Close Massive Coal Plant

FirstEnergy Corp. bled $2.64 billion from its competitive businesses over 2017, financial losses exacerbated by marked declines in contract sales, higher operating expenses, and costs associated with asset impairment and…

FERC Finds No Evidence of Gas Withholding in New England

No evidence exists that New England local gas distribution companies engaged in practices to withhold natural gas pipeline capacity on the Algonquin system to drive up gas or power prices…

ICS Cybersecurity Threatened, but Defense Woefully Inadequate

Though increasingly serious cybersecurity threats loom, nearly two-thirds of U.S. industrial control system (ICS) vulnerabilities identified in 2017 could cause severe operational impact if exploited, cybersecurity firm Dragos Inc. warned…

More Coal Units Being Mothballed in Indiana

An Indiana utility has confirmed it will close three coal-fired power units, replacing that generation with a proposed natural gas-fired facility along with additional solar power. Evansville, Indiana-based Vectren Corp.,…

Cogeneration Solution Serves Processing Plant Needs [PODCAST]

Concentric Power, a California-based provider of high-efficiency energy modules for onsite refrigeration and electric power generation, recently launched a $100 million financing program for cogeneration and microgrid projects. “We are…