The Securities and Exchange Commission (SEC) last week reportedly closed an investigation concerning costs and delays at Mississippi Power’s now-abandoned Kemper integrated gasification combined cycle (IGCC) project without recommending an enforcement action. Mississippi Power on December 1 also reached an amended settlement agreement with key stakeholders on the remaining costs associated with the $7.5 billion […]

November 22, 2017 Exelon's Digital Transformation [PODCAST] GE and Exelon announced a multi-year agreement to deploy GE’s portfolio of Predix software solutions across the energy company’s six electric utilities to further enhance reliability and efficient service to… Read More GE Power Falters on Underperformance of Alstom Investment Weak earnings associated with General Electric’s (GE’s) underperforming […]

Weak earnings associated with General Electric’s (GE’s) underperforming $10.1 billion investment in Alstom have prompted the giant conglomerate to rejigger its power business and lean more heavily on other segments. GE Power, the company’s long-standing and lucrative business unit that has installed 1.6 GW of the world’s installed capacity over its 125-year history, has also […]

November 16, 2017 Siemens Will Consolidate Power Divisions, Cut 6,900 Jobs Siemens has announced it will cut 6,900 jobs, about half of them in Germany, over the next “several years” as the company consolidates its three power-related divisions. The November 16… Read More Take power quality analysis and system planning to the next level with […]

Dominion Energy will formally ask the Nuclear Regulatory Commission (NRC) to relicense its two reactors at the North Anna Power Station for 20 more years—effectively extending their operating lives up to 80 years. Dominion Energy Virginia notified the federal regulatory body of its intent to relicense the two reactors in Louisa County, Virginia, which it […]

November 2, 2017 Death Toll at 26 After Explosion at India Thermal Plant An explosion at a coal-fired power plant in India has killed as many as 26 people and injured more than 100, according to officials in Lucknow, India. The blast, which… Read More Death Toll at 26 After Explosion at India Thermal Plant […]

Global technology and engineering giant Emerson renewed its bid for a $29 billion takeover of Rockwell Automation, the world’s largest dedicated industrial automation firm, saying it remained “convinced” a merger of the companies offered “compelling strategic, operational, and financial merit.” Emerson Chairman and CEO David Farr on November 16 sent Rockwell’s president and CEO, Blake […]

Siemens in November introduced the SGT-A45 TR, a mobile 44-MW aeroderivative gas turbine designed for the world’s booming fast power market. While the product’s launch is pivotal for the giant technology conglomerate—which has suffered flagging orders for large gas turbines—Siemens’ interest in distributed generation also points to a prominent direction in which the future of […]

November 9, 2017 Exelon Subsidiary Files Bankruptcy; Lenders Would Take Over Four Plants ExGen Texas Power (EGTP) Holdings LLC and ExGen Texas Power LLC, a subsidiary of Exelon Corp., on November 7 filed for Chapter 11 bankruptcy. The filing in U.S. Bankruptcy Court… Read More Successful Global Multiyear Major Outages, Demonstrating MD&A’s One-Stop Solution Mechanical […]

Babcock & Wilcox Enterprises Inc. (B&W), which is already in the midst of a restructuring plan and ongoing cost controls, will slash 30% of its renewable energy workforce and implement cost-saving measures across the company to combat falling revenues. The global energy and environmental technology and services provider said as it announced its 2017 third […]