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Finance
Alstom Has Options After Siemens and MHI Offer
Siemens AG and Mitsubishi Heavy Industries Ltd. (MHI) announced on June 16 that they have submitted a proposal to Alstom, the French multinational conglomerate. The offer comes less than a week after the companies confirmed that they were considering a joint proposal and less than 2 months after General Electric (GE) made an offer to […]
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Finance
Siemens and MHI Considering Joint Bid for Alstom
While General Electric (GE) waits for the French government to approve its bid for Alstom’s power and grid divisions, other companies are using the time to consider offers of their own. On June 11, Siemens AG and Mitsubishi Heavy Industries (MHI) announced that they are joining forces to evaluate a potential proposal for Alstom. The […]
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Legal & Regulatory
GAO Has Legal Concerns With Uranium Transfers Between DOE and USEC
On June 9, the U.S. Government Accountability Office (GAO) announced six recommended actions designed to improve transparency of Department of Energy (DOE) uranium transactions. The recommendations were developed following a review of four transactions that took place in 2012 and 2013 between the DOE and USEC Inc. USEC is a supplier of nuclear fuel to […]
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Nuclear
Report Compares and Contrasts Owners of New Nuclear Plants
A report released this week by Moody’s Investors Service provides an interesting analysis of two companies knee-deep in nuclear plant construction projects. The peer comparison takes a look at Georgia Power Co.—a Southern Co. subsidiary—and South Carolina Electric & Gas Co. (SCE&G)—a SCANA Corp. subsidiary. Georgia Power is adding two new units to its Alvin […]
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O&M
Conveyor Inspections: Could a Contractor Help You?
Conducting conveyor inspections and maintenance can pose significant risks to employees, as these activities bring workers into close proximity with the conveyor system under potentially dangerous conditions. Staff members are exposed to moving belts, rolling components, and pinch points, all in an environment that is commonly dirty, distracting, and sometimes noisy. As plants struggle with […]
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COAL POWER Direct—June 11, 2014
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Renewables
NRG to Acquire North America’s Largest Wind Farm
NRG Energy’s shopping spree, which has seen it become the nation’s largest merchant generator through a string of acquisitions, continued this week as subsidiary NRG Yield announced on June 4 that it has agreed to acquire the mammoth Alta Wind facility in Tehachapi, Calif., from Terra-Gen Power LLC. The Alta Wind farm has an operating […]
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HR
Museum Exhibit Offers Energy Education for Future Engineers
A new power grid exhibit opens June 7 at the Marbles Kids Museum in Raleigh, N.C. Kid Grid—sponsored by ABB—will introduce children to electricity and power grid technology through hands-on play. Utilities have a vested interest in maintaining an educated workforce and breaking through traditional gender stereotypes. Studies have shown that the U.S. is lagging behind […]
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Legal & Regulatory
EPA’s Carbon Pollution Guidelines Incite Heated Reaction
The Environmental Protection Agency (EPA) released its “Clean Power Plan” proposal today, which spurred a wide range of responses. Environmental groups applauded the guidelines while fossil fuel proponents decried the end of affordable energy. Power plants are the largest source of carbon pollution in the U.S., accounting for roughly one-third of all domestic greenhouse gas […]
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Renewables
Report: Power Plant Emissions Down Substantially
According to a report released on May 28, NOX and SO2 emissions in 2012 were 74% and 79% lower, respectively, than they were in 1990 when Congress passed major amendments to the Clean Air Act. Although power plant CO2 emissions have actually increased 13% from 1990 levels, the trend has been down in recent years, […]
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