POWERnews [July 28, 2016]

2016 Power and Utilities Deals Are Outpacing Previous Three Full Years

Power and utility deals through Q2 2016 are already outstripping full-year totals for previous three years.

Tightening Market Boosting Gas Prices as Exports Boom

The U.S natural gas market may be poised for a return to its traditional volatility as record power burn and rapidly growing exports are colliding with flat production, analysts are…

Exelon, America’s Leading Nuclear Generator, Keeps the Faith on Nukes

The U.S. nuclear power business is in trouble, and Exelon has six units totaling more than 5,300 MW of dependable capacity on the chopping block. How will the Chicago electricity giant respond? Perhaps by acquiring more merchant nuclear capacity?

Eight Things to Know About the Wind Energy Industry’s Dramatic Growth

More than 18.2 GW of wind power capacity is currently under construction or in advanced stages of development in the U.S., according to a report released on July 26 by…

CB&I Sues Westinghouse Over $2B Closing Agreement Claim  

Westinghouse Electric's recent purchase of Chicago Bridge and Iron's (CB&I's) nuclear construction segment is embroiled in a new legal challenge, as CB&I filed suit in the Delaware Court of Chancery…

Second Shipment of U.S. LNG Reaches Europe as Producers Seek New Markets

Hopes that the beleaguered U.S. shale gas industry can find new markets have come to fruition as the second shipment of liquefied natural gas (LNG) was unloaded at a European…

Computers May Need More Power than the World Can Generate by 2040

Worldwide power demand for computing could exceed the world’s energy production by 2040, according to a report from a global coalition of trade groups for microchip manufacturers. The recently released 2015…

FirstEnergy Moves to Deactivate Two Embattled Ohio Coal Plants

FirstEnergy Corp. will sell or deactivate 856 MW of coal-fired generation to reduce fleet operating costs. The company announced on July 22 that it plans to sell or deactivate the…