Author Archives: Darrell Proctor

Report: Nearly 80% of EU Coal Units Operate at a Loss

A new report from a group that studies the impact of climate change on financial markets recommends that European Union (EU) governments move to phase out coal-fired power generation completely by 2030 in order to avoid even-greater economic damage. Carbon Tracker, a London, UK-based group supported by foundations in Europe and the U.S., on Oct. 24 […]

Dominion Solar, Wind Projects Will Power Virginia Government Buildings

Dominion Energy has entered a partnership with the commonwealth of Virginia in which government-owned buildings and facilities in the state will get power from Dominion’s solar and wind energy projects. The agreement, signed by Dominion and Virginia Gov. Ralph Northam on Oct. 18, is the largest procurement of renewable energy to date by the state […]

Energy Secretary Perry Tells Trump He is Resigning

Energy Secretary Rick Perry told President Donald Trump on Oct. 17 that he is resigning his post. Trump confirmed to reporters in Texas, where he and Perry flew Thursday, that the energy secretary will step down, and Trump said he would quickly name a replacement. DOE Deputy Secretary Don Brouillette is viewed as Perry’s likely […]

FERC Backs First Compliance Filings on Energy Storage Rule

The energy storage market received a boost Oct. 17 when the Federal Energy Regulatory Commission (FERC) approved the first two compliance filings implementing Order 841, a rule the commission said is designed to eliminate market barriers to electricity storage. Order 841 was enacted in February 2018. The measure directs regional power grid operators to establish […]

Buffett Still Banking on Energy—BHE Announces Canadian Wind Farm

The evolving landscape of power includes not only new types of generation, but also involves new investors, including some of the most well-known names in global business. Bill Gates, who co-founded Microsoft with the late Paul Allen, formed Breakthrough Energy Ventures (BEV) in 2016, a group that supports battery energy storage, nuclear power innovation, geothermal, […]

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Exelon Utilities’ CEO Retires as Federal Investigation Continues

The CEO of major U.S. energy company Exelon Utilities retired on Oct. 15, leaving the company as federal officials investigate Exelon’s lobbying activities at the Illinois State Capitol. The retirement of Anne Pramaggiore, 61, who became CEO of Exelon Utilities in 2018, comes less than a week after Exelon subsidiary Commonwealth Edison (ComEd), Illinois’ largest […]

Judge: Court Will Consider Rival Proposal for PG&E Reorganization

A federal bankruptcy judge on Oct. 9 ruled that Pacific Gas & Electric (PG&E), California’s largest utility, does not have the sole right to determine the terms of its reorganization. Judge Dennis Montali said those who support a rival proposal, which was devised by a group of the utility’s creditors, can have their plan considered. […]

Facility to Make Coal Cleaner, More Efficient, Taking Shape in Wyoming

Clean Coal Technologies Inc. (CCTI) has begun reassembling a test facility designed to produce a cleaner-burning and more-efficient coal. The coal beneficiation and byproducts extraction plant, first built in Tulsa, Oklahoma, for an initial test of the technology, and then moved to Gillette, Wyoming, is expected to be completely rebuilt in the next few months, […]

Can Corporate America Ensure a Clean Energy Future?

Renewable energy off-take by large corporate entities is on the rise. Google in September of this year made its largest-ever renewable energy procurement announcement, announcing 18 new renewable energy agreements, totaling 1,600 MW. That puts Google at the top of the voluntary renewable energy purchasers list, after Facebook had grabbed the top spot a year […]

Researchers: $71 Billion of Japan’s Coal Assets at Risk

Research from the University of Tokyo, along with that of two other groups, shows Japan’s coal-fired power plant fleet is at economic risk as the country adds more generation from renewable energy resources such as solar and wind. The report, called “Land of the Rising Sun and Offshore Wind,” released Oct. 6 and based on […]