Kevin McIntyre was sworn in as chairman of the Federal Energy Regulatory Commission on December 7, just more than a month after his nomination to the post was approved by the Senate. He takes over from interim chair Neil Chatterjee, who will remain at FERC as a commissioner. The agency that regulates transmission and wholesale […]

General Electric (GE) said December 7 it will cut 12,000 jobs in its power unit as the company continues to struggle with changes in the global power market. The company in a statement said the staff reductions will save $1 billion in 2018. “Traditional power markets including gas and coal have softened,” the company said, […]

Toshiba Corp. has agreed to accelerate its payments to Georgia Power to help the utility finance completion of the troubled Plant Vogtle nuclear expansion. The deal announced December 5 comes four days after a recommendation from state regulators that the project be abandoned if Georgia Power cannot make it financially viable, and also to lessen […]

Austin, TX (Dec. 5, 2017) — Drillinginfo, the energy industry’s leading SaaS and data analytics company, announced today it has acquired Dallas-based Pattern Recognition Technologies (PRT), a global leader in energy forecasting. This acquisition marks a significant addition to Drillinginfo’s current offerings while diversifying its solution-focused capabilities as the foremost analytics firm in the energy […]

A new analysis by staff at Georgia’s Public Service Commission (PSC) says continuing construction of two AP1000 reactors at the Plant Vogtle nuclear facility near Waynesboro, Georgia, is not economic, and the group says that unless Georgia Power agrees to modify its conditions for completing the project to ensure it will be financially viable, the […]

Baltimore, Maryland (Dec. 4, 2017) – Governor Larry Hogan today announced that the State of Maryland, Montgomery and Prince George’s counties, and Laborers’ International Union of North America (LIUNA), have reached a $161.1 million settlement agreement in the proposed merger of Washington Gas and Light’s parent company, WGL Holdings with AltaGas, Ltd. This settlement requires final […]

WEC Energy Group continues to move away from coal-fired power in its portfolio. The Milwaukee, Wisconsin-based utility in November gave WEC investors more details about the plan for Wisconsin Public Service (WPS), a WEC subsidiary, to close the Pulliam Power Plant in Green Bay, Wisconsin, as early as next fall. WEC subsidiary We Energies last […]

The Swiss company Climeworks in October said it had begun another round of testing for a direct air capture (DAC) facility at a 300-MW geothermal power plant in Hellisheidi, Iceland. Climeworks, which is

The state-owned North-West Power Generation Co. Ltd. (NWPGCL) in Bangladesh in early November announced plans to build a 3,600-MW regasification liquefied natural gas (LNG) combined cycle power plant in the

Construction Set to Begin on First Nuclear Plant in Turkey. Berat Albayrak, Turkey’s Energy and Natural Resources Minister, in mid-October said construction of the country’s first nuclear power plant would