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GE Selling Biopharma Unit in $21.4 Billion Deal
General Electric’s (GE’s) sale of its biopharma unit on February 25 is designed to reduce the company’s overall debt load, and CEO Larry Culp said the deal is the latest step in his plan to strengthen the whole of GE, particularly the company’s struggling Power division. GE on Monday agreed to sell the biopharma part […]
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Groups Reach Deal to Keep New Mexico Coal Plant Open
A private New York-based real estate investment company that focuses on North American energy projects has reached an agreement with officials in Farmington, New Mexico, to keep the coal-fired San Juan Generating Station open beyond 2022. The city is part-owner of the 847-MW plant, and the other owners—which include Tucson Electric Power, Los Alamos County, […]
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APS Will Add 850 MW of Battery Storage to Solar Plants
Arizona’s largest utility wants to support its renewable power portfolio by adding as much as 850 MW of battery storage capacity to its solar power plants by 2025. Arizona Public Service Co. (APS) made the announcement February 21. Don Brandt, the utility’s chairman and CEO, in a statement said, “Arizona is already a national leader […]
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Southern Company CEO: Vogtle Ahead of Schedule
Southern Company CEO Thomas Fanning on February 20 said construction of two new nuclear reactors at Plant Vogtle is on track and could possibly beat the current regulatory approved startup dates for the AP1000 units. Fanning spoke Wednesday on the company’s fourth-quarter 2018 earnings call. He said Georgia Power, a Southern Company subsidiary and the […]
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Alabama Power Will Close Century-Old Coal Plant
An Alabama power plant that has operated for more than a century will close in April, with Alabama Power saying that the cost to comply with government regulations on the handling of coal ash and wastewater no longer make the plant economically viable. Jim Heilbron, Alabama Power’s senior vice president and senior production officer, on […]
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MDU Will Close Coal Units in Montana, North Dakota
A subsidiary of MDU Resources Group on February 19 said it plans to close three of its coal-fired units at power plants in Montana and North Dakota. Montana-Dakota Utilities said it would partly replace the lost generation with a new simple-cycle gas-fired unit at the North Dakota site. The company on Tuesday said a biannual […]
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Georgia PSC Backs Additional Costs for Vogtle Nuclear Project
Georgia regulators on February 19 approved another $526.4 million in expenditures by Georgia Power related to the long-delayed Vogtle nuclear power plant expansion near Waynesboro, Georgia. Georgia Public Service Commission (PSC) members voted 4-1 to approve a settlement agreement for the 19th Vogtle Construction Monitoring (VCM) Report, which covers the first six months of 2018. The […]
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Entergy Texas Breaks Ground on New 993-MW Combined Cycle Plant
Entergy Texas on February 15 began construction of its first new power plant in 40 years. The Montgomery County Power Station (MCPS), located in Willis, will be a 993-MW combined cycle gas turbine plant, adjacent to the existing Lewis Creek Power Plant. Entergy Texas is part of Entergy Corporation, which provides power to about 3 […]
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Solar, Wind, Storage Come Together in Oregon Project
A renewable energy project in eastern Oregon is being touted as the first in the U.S. to combine wind and solar power with battery storage. Portland General Electric (PGE) plans to build the Wheatridge Renewable Energy Facility just north of Lexington, Oregon, the company announced last week. The utility is developing the 380-MW project with […]
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Video Shows Demolition of Old German Coal Plant
The Gustav Knepper power plant in Dortmund-Mengede, Germany, was leveled by two controlled explosions on February 17. The facility had been closed for five years. The plant’s boiler house was brought down first. A 210-meter chimney and 128-meter cooling tower were leveled in a second blast, about 45 minutes after the first. The German YouTube […]
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